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AT&T, said their gateway was the cause of my issues.
Guess what? I've got the exact same problem, and my ISP, AT&T, said their gateway was the cause of my issues. They replaced the gateway and I no longer have any issues.
I also get full speed on all 3 wifi bands, all of them set to Auto.
Also, when I called Netgear, I was NOT repeat NOT told I had to upgrade anything or that the issue was related to security in any way.
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Auto 5 ghz channel selection might default to a DFS channel in a crowded neighborhood, which will impact the range and speed due to the lower transmit power.