Gfg Capital, LLC (Miami)


Gfg Capital, LLC is a large advisory firm based in Miami. It manages $771.45 million of regulatory assets for 415 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of California, Florida, New York, and Texas.

Gfg Capital provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gfg Capital: assets under management

The assets under management (AUM) of Gfg Capital, LLC is $771.45 million. The firm's AUM has grown by 426% since the beginning of its operation, and $547.95 million of the total AUM is attributable to clients outside of the United States.

The firm manages $596.53 million in discretionary accounts and $174.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.57 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5 million.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is investment and business development companies, which make up 33% of the firm’s portfolio. Investments in investment grade corporate bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gfg Capital, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Gfg Capital serves?

The firm provides services to individuals, insurance companies, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gfg Capital is high net worth individuals with 142 clients and $670.59 million of assets under management. Among the 10 most similar advisory firms, Gfg Capital has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $771.45 million for 160 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 64% of the firm’s clients are foreign persons or businesses.

Gfg Capital doesn't advise any private funds.

Careers at Gfg Capital, LLC

The company employs 14 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Eduardo Gruener Partner, chief compliance officer 1 Jun 2003 Other 2790331
Gfg Funding Corp. Member 1 Jun 2003 Other 04-3757935
Gfg Funding Corp. Member 1 Aug 2003 Other 04-3757935
Mauricio Gruener Partner 1 May 2004 Other 3119575
Llc Gfg Holdings Member 1 May 2004 75% - 100% 20-1161288
Eduardo Gruener Manager of gfg capital, llc, managing member of gfg holdings, llc 1 Jan 2016 Other 2790331
Mauricio Gruener Manager of gfg capital, llc, managing member of gfg holdings, llc 1 Jan 2016 Other 3119575
Veronica Granata Chief compliance officer 1 Jan 2016 Other 5923033

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Jorge Miguel Kovacs Owner 1 Jun 1999 75% - 100% 4788403
Sa De Cv Inverkomo Owner 1 Aug 2003 75% - 100% foreign entity
Eduardo Gruener Member 1 May 2004 25% - 50% 2790331

Based in Miami

The principal office where Gfg Capital, LLC performs its advisory services is located at 701 Brickell Avenue, Miami, FL 33131, 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 305-810-6500 or by fax 305-810-6501. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at gfgcapital.com/.