Global Trust Asset Management, LLC (West Palm Beach)


Global Trust Asset Management, LLC is a large advisory firm based in West Palm Beach. It manages $257.92 million of regulatory assets for 696 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Georgia, Montana, and 3 other states.

Global Trust Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Global Trust Asset Management: assets under management

The assets under management (AUM) of Global Trust Asset Management, LLC is $257.92 million. The firm's AUM has grown by 301% since the beginning of its operation, and $2.15 million of the total AUM is attributable to clients outside of the United States.

The firm manages $242.45 million in discretionary accounts and $15.47 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $386.68 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $224.27 thousand.
Global Trust Asset Management has custody of $42.31 million in cash and securities for 53 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 29% of the firm’s portfolio. Investments in cash and cash equivalents form 23% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Global Trust Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Global Trust Asset Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Global Trust Asset Management is high net worth individuals with 109 clients and $185.82 million of assets under management. Among the 10 most similar advisory firms, Global Trust Asset Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $257.92 million for 300 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Global Trust Asset Management doesn't advise any private funds.

Careers at Global Trust Asset Management, LLC

The company employs 12 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Alexia Georgia Varga joined the executive team most recently as the Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Brian Joseph Brescia Chief compliance officer 1 Jan 2007 25% - 50% 5284683
Edward Thomas Holt Chief executive officer 1 Jan 2007 25% - 50% 4369690
Robert Wayne Hendrix Member 1 Jan 2007 Other 4369696
Edward Thomas Holt Chief executive officer 1 Dec 2009 50% - 75% 5284666
Alexia Georgia Varga Member 1 Aug 2012 Other 6112071

Based in West Palm Beach

The principal office where Global Trust Asset Management, LLC performs its advisory services is located at 515 North Flagler Drive, West Palm Beach, FL 33401 0347, which is also the mailing address of the firm. An additional office of the firm is in Hutchinson Island, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-472-0191 or by fax 561-835-0628. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at gbltrust.com/ and its LinkedIn profile.