Greytown Advisors Inc. (Miami)

Name: Greytown Advisors Inc.
Address: 1221 Brickell Avenue, Miami, FL, 33131
Telephone: 305-901-1600

Greytown Advisors Inc. is a large advisory firm based in Miami. It manages $587.3 million of regulatory assets for 71 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Florida.

Greytown Advisors provides portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and sub-advisor to offshore long only funds, consulting for financial institutions. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as consulting to family groups & foreign fin. inst..

Greytown Advisors: assets under management

The assets under management (AUM) of Greytown Advisors Inc. is $587.3 million. The firm's AUM has grown by 129% since the beginning of its operation, and $557.05 million of the total AUM is attributable to clients outside of the United States.

The firm manages $524.23 million in discretionary accounts and $63.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.19 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $9.01 million.

Investments

The firm invests in investment and business development companies the most. They account for 32% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 17% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greytown Advisors Inc. 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 Marcello Correa serves?

The only and largest group of clients of Marcello Correa is high net worth individuals with 47 clients and $532.66 million of assets under management. Among the 11 most similar advisory firms, Greytown Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $532.66 million for 47 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 89% of the firm’s clients are foreign persons or businesses.

Greytown Advisors doesn't advise any private funds.

Careers at Greytown Advisors Inc.

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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.

Marcello Correa has been acting as President since 1 Dec 2012. Luis Antonio Samayoa joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Travers Global Corp	Shareholder	1 Dec 2012	50% - 75%	foreign
Marcello Correa	Director	1 Dec 2012	25% - 50%	1881807
Ruben Diaz Jr	Director	1 Dec 2012	Other	xxx-xx-xxxx
Luis Antonio Samayoa	Shareholder	1 Dec 2012	Other	5210216
Marcello Cunha Correa	Director	1 Dec 2012	25% - 50%	1881807
Catalina Rey De Sa	Chief compliance officer	1 Mar 2014	Other	5654516
Luis Antonio Samayoa	Director	1 Aug 2016	Other	5210216

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Carlos F. Pellas	Shareholder	1 Dec 2012	75% - 100%	5027396
Carlos Francisco Pellas Chamorro	Shareholder	1 Dec 2012	75% - 100%	5027396

Based in Miami

The principal office where Greytown Advisors Inc. performs its advisory services is located at 1221 Brickell Avenue, Miami, FL 33131, 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 305-901-1600 or by fax 786-220-8834. The normal business hours are 8:30 - 18:00 on Monday - Friday. You can find more information about the New York firm at greytownadvisors.com/.