Comvest Advisors LLC (West Palm Beach)

Name: Comvest Advisors LLC
Address: Cityplace Tower, West Palm Beach, FL, 33401
Telephone: 561-727-2000

Comvest Advisors LLC is a large advisory firm based in West Palm Beach. It manages $3.37 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Florida, Illinois, and New York.

Comvest Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Comvest Advisors: assets under management

The assets under management (AUM) of Comvest Advisors LLC is $3.37 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 176% since the beginning of its operation, and $149.87 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.37 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.26 million each.

Comvest Advisors has custody of $2.04 billion in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Comvest Advisors LLC 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 Comvest Advisors serves?

The only and largest group of clients of Comvest Advisors is pooled investment vehicles with 17 clients and $3.37 billion of assets under management. Among the 11 most similar advisory firms, Comvest Advisors has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.37 billion for 17 clients. 6% of the firm’s clients are foreign persons or businesses.

Comvest Advisors also advises several private funds. Namely, seventeen private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Comvest Advisors LLC

The company employs 73 people that are either part- or full-time employees. 66 percent of the employees work as investment advisers or researchers. No 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
Cecilio Manuel Rodriguez	Chief compliance officer/chief financial officer, comvest advisors, llc	1 May 2006	Other	4901911
Robert O'sullivan	Vice chairman/partner, comvest advisors, llc	1 May 2006	Other	4580748
Michael Stewart Falk	Founder/co-chairman/managing partner, comvest advisors, llc	1 May 2006	Other	1260489
Robert Lynn Priddy	Managing partner, comvest advisors, llc	1 May 2006	Other	3063168
Mark James Hughes	Managing director, comvest advisors, llc	1 Apr 2007	Other	2798104
L.P. Comvest Capital Ii Partners	Managing member, comvest capital advisors (sma manager), llc	1 Jul 2009	75% - 100%	80-0448182
Peter Jeffrey Kight	Managing partner, comvest advisors, llc	1 Dec 2009	Other	6028958
Roger Jose Marrero	Managing director, comvest advisors, llc	1 Feb 2010	Other	2526795
Gregory Walter Reynolds	Managing director, comvest advisors, llc	1 Apr 2010	Other	3007093
Comvest Group Holdings Llc	Managing member, comvest advisors, llc	1 Dec 2010	75% - 100%	01-0622406
Comvest Group Holdings Lp	Managing member	1 Dec 2010	75% - 100%	01-0622406
John Byrn Caple	Managing director, comvest advisors, llc	1 May 2011	Other	2245522
Daniel Charles Lee	Managing director, comvest advisors, llc	1 Dec 2011	Other	4251804
Thomas Brian Clark	Managing director, comvest advisors, llc	1 Nov 2012	Other	2758147
Jason Phillip Gelberd	Managing director, comvest advisors, llc	1 May 2013	Other	4964600
Comvest Group Holdings Llc	Managing member, comvest capital advisors, llc and comvest capital advisors (sma manager), llc	1 Jul 2013	75% - 100%	01-0622406
Cecilio Manuel Rodriguez	Chief financial officer, comvest capital advisors, llc and comvest capital advisors (sma manager), llc	1 Jul 2013	Other	4901911
Robert O'sullivan	Vice chairman/partner, comvest capital advisors, llc and comvest capital advisors (sma manager), llc	1 Jul 2013	Other	4580748
Michael Stewart Falk	Founder/co-chairman/managing partner, comvest capital advisors, llc and comvest capital advisors (sma manager), llc	1 Jul 2013	Other	1260489
Daniel Charles Lee	Managing director, comvest capital advisors, llc and comvest capital advisors (sma manager), llc	1 Jul 2013	Other	4251804
Roger Jose Marrero	Managing director, comvest capital advisors, llc and comvest capital advisors (sma manager), llc	1 Jul 2013	Other	2526795
Gregory Walter Reynolds	Managing director, comvest capital advisors, llc and comvest capital advisors (sma manager), llc	1 Jul 2013	Other	3007093
Jason Phillip Gelberd	Managing director, comvest capital advisors, llc and comvest capital advisors (sma manager), llc	1 Jul 2013	Other	4964600
Thomas Brian Clark	Managing director, comvest capital advisors, llc and comvest capital advisors (sma manager), llc	1 Jul 2013	Other	2758147
Comvest Group Holdings Lp	Managing member, comvest capital advisors, llc	1 Jul 2013	75% - 100%	01-0622406
Russell Lee Bryan	Managing director, comvest advisors, llc	1 Mar 2016	Other	6626535
Michael Lee Altschuler	Chief administrative officer & general counsel	1 Nov 2016	Other	6774166
Matthew David Gullen	Partner	1 Jan 2017	Other	6774167
Maneesh Chawla	Partner	1 Jan 2018	Other	6930284

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Stewart Falk	Chairman	1 Feb 2002	75% - 100%	1260489
Llc Comvest Group Holdings	Managing member	1 Dec 2006	Other	01-0622406
Llc Comvest Group Holdings	Managing member	1 Jul 2009	75% - 100%	01-0622406
L.P. Comvest Capital Ii Associates	Limited partner	1 Jul 2009	75% - 100%	80-0464720
Peter Jeffrey Kight	Managing member	1 Jul 2009	25% - 50%	6028958
Lllp Msf Partners	Managing member	1 Jul 2009	50% - 75%	26-0292811
Llc Comvest Group Gp	Managing member	1 Aug 2009	Other	27-0610668
Llc Comvest Capital Ii Partners Ugp	General partner	1 Aug 2009	Other	80-0448175
Michael Stewart Falk	Managing member	1 Sep 2009	75% - 100%	1260489
Llc Thunder Bay	Member	1 Nov 2009	25% - 50%	27-1873283
Peter Jeffrey Kight	Managing member	1 Nov 2009	75% - 100%	6028958

Based in West Palm Beach

The principal office where Comvest Advisors LLC performs its advisory services is located at Cityplace Tower, West Palm Beach, FL 33401, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 561-727-2000 or by fax 561-727-2100. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at comvest.com.