Gyl Financial Synergies, LLC (West Hartford)

Name: Gyl Financial Synergies, LLC
Address: 65 Memorial Road, West Hartford, CT, 06107
Telephone: 860-523-3018

Gyl Financial Synergies, LLC is a large advisory firm based in West Hartford. It manages $3.83 billion of regulatory assets for 1,362 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Gyl Financial Synergies provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gyl Financial Synergies: assets under management

The assets under management (AUM) of Gyl Financial Synergies, LLC is $3.83 billion. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.61 billion in discretionary accounts and $216.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.35 million.

Gyl Financial Synergies has custody of $88.12 million in cash and securities for 399 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 70% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 13% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gyl Financial Synergies, 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 Gyl Financial Synergies serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Gyl Financial Synergies is state or municipal government entities with 36 clients and $1.6 billion of assets under management. Among the 6 most similar advisory firms, Gyl Financial Synergies has the 2nd highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $3.83 billion for 1,362 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.

Gyl Financial Synergies doesn't advise any private funds.

Careers at Gyl Financial Synergies, LLC

The company employs 36 people that are either part- or full-time employees. 69 percent of the employees work as investment advisers or researchers. 25 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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
Llc Focus Operating	Member (manager)	1 Aug 2016	75% - 100%	20-8161914
Jean Paul Atallah	Chief compliance officer	1 Aug 2016	Other	5506492
Gerald Barry Goldberg	Chief executive officer and co-founder	1 Aug 2016	Other	2805625
Jonathan Stuart Yolles	Chief investment officer and co-founder	1 Aug 2016	Other	2780503
Michael Joseph Lepore	Senior managing director	1 Aug 2016	Other	3275120
Claire Foster Mcdonald	Senior managing director	1 Aug 2016	Other	2182817
Peter Augustus Karadimas	Senior vice president, wealth advisory	1 Jan 2019	Other	6134913
Joseph Bernard Mcbride	Senior vice president, wealth advisory	1 Jan 2019	Other	3123132

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Centerbridge Associates Ii	General partner	1 Jul 2013	Other	27-3060145
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
Llc Focus Financial Partners	Member	1 Aug 2016	75% - 100%	16-1728260
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Llc Trident Ffp Blocker	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Vi	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Llc Focus Financial Partners	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in West Hartford

The principal office where Gyl Financial Synergies, LLC performs its advisory services is located at 65 Memorial Road, West Hartford, CT 06107, which is also the mailing address of the firm. An additional office of the firm is in Kensington, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 860-523-3018 or by fax 860-206-7400. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at gylfinsyn.com.