Global Financial Private Client, LLC (Sarasota)


Global Financial Private Client, LLC is a large advisory firm based in Sarasota. It manages $218.94 million of regulatory assets for 699 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Florida and North Carolina.

Global Financial Private Client 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 more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Global Financial Private Client: assets under management

The assets under management (AUM) of Global Financial Private Client, LLC is $218.94 million. The firm's AUM has grown by 8% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $214.46 million in discretionary accounts and $4.48 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $316.78 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $203.47 thousand.
Global Financial Private Client has custody of $6.7 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

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 grade corporate bonds, which make up 30% of the firm’s portfolio. Investments in state and local bonds form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Global Financial Private Client, 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 Financial Private Client serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Global Financial Private Client is high net worth individuals with 92 clients and $211.56 million of assets under management. Among the 11 most similar advisory firms, Global Financial Private Client has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $218.94 million for 92 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.

Global Financial Private Client doesn't advise any private funds.

Careers at Global Financial Private Client, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives 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
Geoffrey Allen Frazier Chief compliance officer/ managing member 1 Nov 2017 75% - 100% 1991946

Based in Sarasota

The principal office where Global Financial Private Client, LLC performs its advisory services is located at 2080 Ringling Boulevard, 2 Nd Floor, Sarasota, FL 34237, 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 941-441-1624. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at mygfpc.com.