Gilbert Financial, LLC (Rochester)

Gilbert Financial, LLC is a mid-sized advisory firm based in Rochester. It manages $56.69 million of regulatory assets for 147 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of New York and Texas.

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

Gilbert Financial: assets under management

The assets under management (AUM) of Gilbert Financial, LLC is $56.69 million. The firm's AUM has grown by 27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $30.43 million in discretionary accounts and $26.26 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $330.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $477.43 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment and business development companies, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Gilbert Financial, LLC for their services and products based on a percentage of assets under management. 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 Gilbert Financial serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Gilbert Financial is high net worth individuals with 66 clients and $38.55 million of assets under management. Among the 3 most similar advisory firms, Gilbert Financial has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $56.69 million for 147 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.

Gilbert Financial doesn't advise any private funds.

Careers at Gilbert Financial, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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 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
Austin James Gilbert	Managing member/chief compliance officer	1 Jan 2013	75% - 100%	4125474

Based in Rochester

The principal office where Gilbert Financial, LLC performs its advisory services is located at 200 Canal View Blvd., Rochester, NY 14623, 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 585-241-3150 or by fax 585-241-9475. The normal business hours are 0930-1600 on Monday - Friday.