Frank Marzano: How I Built a $5.6 Billion Firm in 18 Years
- Firm Size Disclosure
- General Disclosure
- Conflict of Interest
GM Advisory Group, Inc. (“GMAG”) is a registered investment advisor that provides investment advice to clients on a discretionary and non- discretionary basis. Registration of an investment advisor does not imply that GMAG or any of its principals or employees possesses a particular level of skill or training in the investment advisory business or any other business. Additional information about GMAG also is available on the United States Securities and Exchange Commission’s (the “SEC”) website at www.adviserinfo.sec.gov
1. Firm Size Disclosure
Firm Size referenced in this article includes
- Regulatory assets under management (RAUM), associated with our management of clients’ securities portfolios on a discretionary and nondiscretionary basis.
- Non-regulatory Assets Under Advisement. Which are assets that we are compensated to advise on that are not regulatory assets. They are associated with our financial planning and consulting activities, which may include family office services, bookkeeping and bill pay services, budgeting and cash flow analysis and projections, and tax and estate planning review and advice.
2. General Disclosures
The information contained herein is provided for informational purposes only and does not constitute a complete description of our advisory or investment services or performance.
These opinions are subject to change at any time based on market or other conditions. Information included herein is based upon information reasonably available to GMAG as of the date noted herein.
The recommendations developed by GMAG in connection with its services are based upon the professional judgment of GMAG and GMAG cannot and does not guarantee the results of any recommendations.
This information does not contain certain material information about making investments in securities including important disclosures and risk factors. This material is not intended to be a source of financial advice nor should it be construed or used as, an offer to sell, or a solicitation or offer to buy any securities or interests in any strategy offered by GMAG. Further, the information contained herein does not constitute intent to trade. No strategy ensures a profit or protects against loss. Investing involves risk including the risk of loss, other key risks applicable to all of the types of investments include; market risk, emerging market risk, underperformance risk, currency risk, liquidity risk, tax risk.
The references to specific securities here are for informational purposes only, and must not be construed as a recommendation that any person buy or sell securities. The holdings identified do not represent all of the securities purchases, sold or recommended by GMAG. GMAG reserves the right to buy or sell any such securities at any time and may change allocations over time. Past performance is no guarantee of future results
Cryptocurrency trading can be extremely risky. Cryptocurrency trading may not generally be appropriate, particularly with funds drawn from retirement savings, student loans, mortgages, emergency funds, or funds set aside for other purposes. Cryptocurrency trading can lead to large and immediate financial losses. The volatility and unpredictability of the price of cryptocurrency relative to fiat currency may result in significant loss over a short period of time. Transactions in cryptocurrency may be irreversible, and, accordingly, losses due to fraudulent or accidental transactions may not be recoverable. The nature of cryptocurrency may lead to an increased risk of fraud or cyber attack. This is not a full listing of risks.
Private equity investments are speculative, not suitable for all investors, and intended for experienced and sophisticated investors who are willing to bear the high economic risks of the investment, which can include: loss of all or a substantial portion of the investment due to leveraging, short-selling, or other speculative practices, lack of liquidity in that there may be no secondary market for the investment and none is expected to develop, volatility of returns, restrictions on transferring interests in the investment, potential lack of diversification and resulting higher risk due to concentration of trading authority depending on the numbers of advisor(s) utilized, absence of information regarding valuations and pricing, complex tax structures and delays in tax reporting, less regulation and higher fees than mutual funds; and risks associated with operations, personnel, and processes of the manager.
Private equity investors must be accredited investors as defined in Rule 501(a) under the Securities Act of 1933 and satisfy other eligibility requirements.
GMAG does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice.
GMAG does not provide any express or implied guarantees that the information contained herein is accurate or complete. The commentary contains statements and statistics that have been obtained from current public information sources that GMAG considers reliable but we do not represent the accuracy or completeness of the information, and it should not be relied upon as such.
3. Conflict of Interest Disclosure
Conflict of Interest Disclosure – GMAG has a pre-existing business relationship with Anthony Scaramucci a principal associated with Skybridge which sponsors the CRPT ETF [First Trust Skybridge Crypto Industry and Digital Economy ETF]. Anthony Scaramucci has an ownership interest in Skybridge and is a client of GMAG which provides advisory services on his personal assets. GMAG has an incentive to recommend an investment in the First Trust Skybridge Crypto Industry and Digital Economy ETF to its clients which creates a conflict of interest. GMAG manages such conflict of interest by disclosing it to its clients and following its process for investing client assets, which considers various factors, including the client’s individual financial circumstances and the firm’s outlook on the particular investment.
