Gm Advisory Group, Inc. (Melville)

Name: Gm Advisory Group, Inc.
Address: 400 Broadhollow Road, Melville, NY, 11747
Telephone: 631-227-3900

Gm Advisory Group, Inc. is a large advisory firm based in Melville. It manages $1.42 billion of regulatory assets for 1,176 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.

Gm Advisory Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gm Advisory Group: assets under management

The assets under management (AUM) of Gm Advisory Group, Inc. is $1.42 billion. The firm's AUM has grown by 988% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $695.35 million in discretionary accounts and $720.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $724.33 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.33 million.

Gm Advisory Group has custody of $153.61 million in cash and securities for 55 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in pooled investment vehicles form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gm Advisory Group, Inc. for their services and products based on a percentage of assets under management and fixed 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 Gm Advisory Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gm Advisory Group is high net worth individuals with 221 clients and $1.32 billion of assets under management. Among the 10 most similar advisory firms, Gm Advisory Group has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.42 billion for 414 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.

Gm Advisory Group also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Gm Advisory Group, Inc.

The company employs 23 people that are either part- or full-time employees. 22 percent of the employees work as investment advisers or researchers. No 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
Frank Patrick Marzano	Managing partner, chief compliance officer	1 Jan 1995	75% - 100%	3045864
Margaret Ann Iamunno	Chief compliance officer	1 Nov 2016	Other	5252936
Margaret A Iamunno	Chief compliance officer	1 Nov 2016	Other	5252936

Based in Melville

The principal office where Gm Advisory Group, Inc. performs its advisory services is located at 400 Broadhollow Road, Melville, NY 11747, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 631-227-3900 or by fax 631-227-3909. The normal business hours are 8:30 am-5:30 pm on Monday - Friday. You can find more information about the New York firm at gmadvisorygroup.com.