GFO Advisory Services (GFOAS) manages a group of privately pooled investment vehicles, known as Private Funds. GFOAS primarily acts as a "fund-of-funds" advisor, investing in other pooled investment funds managed by third-party fund managers. GFOAS does not generally conduct direct investment trading. The firm's investment objectives and guidelines are not tailored to individual investors but are described in the offering documents for each fund. GFOAS is owned by GenSpring Holdings, Inc., a wholly-owned non-bank indirect affiliate of Truist Bank.
Fee Structure
GFO Advisory Services manages the MMP Funds, which have different classes of interests with varying fees:
- Class B Interests: Subject to a quarterly management fee equal to an annual rate of 0.50% of the capital account value.
- Class C Interests: Subject to a quarterly management fee equal to an annual rate of 0.25% of the capital account value, and also have a performance-based fee component.
Truist Bank clients may also be assessed an account level investment management fee of up to 1.25%, and Truist Advisory Services, Inc. clients may be assessed an account level management fee of up to 2.25%. These account level fees are negotiable.