Gni Capital Inc. (Greenville)


Gni Capital Inc. is a related adviser based in Greenville. It manages $54.91 million of regulatory assets for 38 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of South Carolina.

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

Gni Capital: assets under management

The assets under management (AUM) of Gni Capital Inc. is $54.91 million. The firm's AUM has grown by 53% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $53.49 million in discretionary accounts and $1.43 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.53 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $475.99 thousand.
Gni Capital has custody of $2.37 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gni Capital Inc. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gni Capital serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Gni Capital is corporations or other businesses with 0 clients and $42.42 million of assets under management. Among the 6 most similar advisory firms, Gni Capital has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $54.91 million for 13 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.

Gni Capital doesn't advise any private funds.

Careers at Gni Capital Inc.

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Allen Ray Gillespie President, chief compliance officer 1 Sep 1997 Other 2513792
Charles Louis Norton Vice president 1 Jan 2000 25% - 50% 2780934
Inc. Centillion Partners Owner 1 Apr 2006 75% - 100% 20-4652883
David Craig Dameron Chief compliance officer 1 Apr 2006 Other 1723224
Philip K Thomas Chief compliance officer 1 Apr 2009 Other 3043820
Llc Fintrust Capital Partners Owner 1 Mar 2018 75% - 100% 26-2534264

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Richard Patrick Sheridan Member 1 Apr 2005 75% - 100% 1266071
Allen Ray Gillespie Owner, sec.-treas. 1 Apr 2006 25% - 50% 2513792
Philip Hamilton Brice Owner, president 1 Apr 2006 25% - 50% 1019504
Charles Louis Norton Owner 1 Apr 2006 25% - 50% 2780934
Kenneth Joseph Vilcheck Owner 1 Apr 2006 25% - 50% 1257025
Philip Hamilton Brice Member 1 Jan 2018 75% - 100% 1019504
Llc Phb Holdings Owner 1 Jan 2018 25% - 50% 82-2956949
Llc Broad Street Capital Partners Owner 1 Jan 2018 25% - 50% 20-3705592

Based in Greenville

The principal office where Gni Capital Inc. performs its advisory services is located at 124 Verdae Blvd, Greenville, SC 29607, 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 864-288-4221 or by fax 864-288-5218. The normal business hours are 9:30am - 4:30pm on Monday - Friday. You can find more information about the New York firm at gnicapital.com.