Gentrust, LLC (Miami)

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. The adviser charges an additional fee when a set benchmark is outperformed. 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

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/.

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