Gulfstream Cm, LLC (Summit)

Gulfstream Cm, LLC is a large advisory firm based in Summit. It manages $759.43 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Connecticut, Florida, Massachusetts, and 3 other states.

Gulfstream Cm provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gulfstream Cm: assets under management

The assets under management (AUM) of Gulfstream Cm, LLC is $759.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 134% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $759.43 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $63.29 million each.

Investments

The firm invests in state and local bonds the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gulfstream Cm, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gulfstream Cm serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Gulfstream Cm is pooled investment vehicles with 2 clients and $725.14 million of assets under management. Among the 9 most similar advisory firms, Gulfstream Cm has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $759.43 million for 12 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Gulfstream Cm also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $3,000,000.

Careers at Gulfstream Cm, LLC

The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Bradley Mell	Chief compliance officer / member	1 Sep 2005	25% - 50%	2272807
Ryan Keith Posner	Member	1 Sep 2005	25% - 50%	1731934
Stephen Michael Barral	Member	1 Feb 2011	Other	1303911
Kathryn Elizabeth Lawlor	Chief compliance officer	1 Dec 2017	Other	4715219

Based in Summit

The principal office where Gulfstream Cm, LLC performs its advisory services is located at 450 Springfield Avenue, Suite 204, Summit, NJ 07901, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 908-918-1600 or by fax 908-918-1610. The normal business hours are 8:30 am to 5:00 pm on Monday - Friday.