Synovus Trust Company, N.A. (Atlanta)

Name: Synovus Trust Company, N.A.
Address: 3400 Overton Park Drive, Atlanta, GA, 30339
Telephone: 404-364-2188

Synovus Trust Company, N.A. is a large advisory firm based in Atlanta. It manages $1.53 billion of regulatory assets for 2,634 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 34 other states.

Synovus Trust Company, N.A provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and model portfolio provider. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Synovus Trust Company, N.A: assets under management

The assets under management (AUM) of Synovus Trust Company, N.A. is $1.53 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.53 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $580.09 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Synovus Trust Company, N.A. for their services and products based on a percentage of assets under management 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 Synovus Trust Company, N.A serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Synovus Trust Company, N.A is high net worth individuals with 671 clients and $648.95 million of assets under management. Among the 11 most similar advisory firms, Synovus Trust Company, N.A has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.4 billion for 2,631 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.

Synovus Trust Company, N.A doesn't advise any private funds.

Careers at Synovus Trust Company, N.A.

The company employs 21 people that are either part- or full-time employees. 95 percent of the employees work as investment advisers or researchers. 14 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 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.

Gary Edward Fullam has served as the Chief Investment Officer since 1 Mar 1991. Drake John Craig joined the executive team most recently as the Chief Administrative Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gary Edward Fullam	Chief investment officer	1 Mar 1991	Other	4370789
Fredric Arthur Mann	Chief operating officer	1 Mar 1991	Other	4370795
William Henry Roach	President, globalt division	1 Jan 1992	Other	1422946
Michelle Miljanich Manuel	Chief administrative officer	1 Apr 1992	Other	4370804
Gregory Samuel Paulette	Chief investment strategist	1 Sep 1993	Other	703879
Synovus Bank	Owner	1 Jan 1995	75% - 100%	58-0201800
George Flowers	President, synovus trust company	1 Jan 1995	Other	4415152
Carole Herron Cox	Senior vice president	1 Oct 1999	Other	1926104
Margaret Rainey Woodward	Vice president	1 Dec 2004	Other	1955560
Jonathan David Kaufman	Chief compliance officer	1 May 2006	Other	2750652
Jeffery Barton Singleton	Evp, synovus	1 Jan 2011	Other	2122679
Jonathan David Kaufman	Chief administrative officer	1 Feb 2017	Other	2750652
Craig Mccutcheon Long	Chief compliance officer	1 Feb 2017	Other	1406115
Leila Carr	Chief operating officer	1 Apr 2018	Other	7003919
Lillian Enfinger Burns	Chief compliance officer (interim)	1 Aug 2018	Other	1430853
Denise Andrea Chisolm	Chief compliance officer	1 Oct 2018	Other	2743307
Drake John Craig	Chief administrative officer	1 Jun 2019	Other	1984014

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Synovus Financial Corporation	Owner	1 Jan 1995	75% - 100%	58-1134883

Based in Atlanta

The principal office where Synovus Trust Company, N.A. performs its advisory services is located at 3400 Overton Park Drive, Atlanta, GA 30339, 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 404-364-2188 or by fax 404-364-2189. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at innovatetf.com.