Gentrust, LLC (Miami)

Name: Gentrust, LLC
Address: 1450 Brickell Avenue, Miami, FL, 33131
Telephone: 305-677-6688

Gentrust, LLC is a large advisory firm based in Miami. It manages $1.5 billion of regulatory assets for 897 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Connecticut, and 7 other states.

Gentrust provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers, and provide model portfolios. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gentrust: assets under management

The assets under management (AUM) of Gentrust, LLC is $1.5 billion. The firm's AUM has grown by 42% since the beginning of its operation, and $224.7 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.31 billion in discretionary accounts and $191.7 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.59 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.66 million.

Gentrust has custody of $445.89 million in cash and securities for 110 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 state and local bonds, which make up 12% of the firm’s portfolio. Investments in investment and business development companies form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gentrust, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Gentrust serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Gentrust is high net worth individuals with 216 clients and $1.25 billion of assets under management. Among the 7 most similar advisory firms, Gentrust 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 289 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 15% of the firm’s clients are foreign persons or businesses.

Gentrust also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $25,000 for each fund.

Careers at Gentrust, LLC

The company employs 26 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
James Dwight Besaw	Managing member	1 Jun 2011	25% - 50%	2272546
George Luis Perez	Member	1 Dec 2011	25% - 50%	2686389
Guillermo J. Socarras	Member	1 Dec 2011	25% - 50%	4036701
Guillermo Jorge Socarras	Member	1 Dec 2011	25% - 50%	4036701
Zulay (Nmn) Hunter	Chief compliance officer	1 May 2012	Other	3043807
Rhahime Aaron Bell	Member	1 Sep 2012	Other	2639191
Claire L Carter	Chief financial officer	1 Jun 2014	Other	6471221
Claire Leigh Rogan	Chief financial officer	1 Jun 2014	Other	6471221
Claire L Rogan	Chief financial officer	1 Jun 2014	Other	6471221
Eli Augustus Cohen	Member	1 Dec 2014	Other	4969902
Hugh Patrick Nickola	Member	1 Dec 2014	Other	1983734
Matthew Thiel Kishlansky	Member	1 May 2017	Other	4467161

Based in Miami

The principal office where Gentrust, LLC performs its advisory services is located at 1450 Brickell Avenue, Miami, FL 33131, 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 305-677-6688 or by fax 305-677-6699. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at gentrustwm.com/.