{ "crd_number": 8000, "slug": "gms-group-east-hanover-nj-8000", "primary_business_name": "GMS GROUP", "legal_name": "THE GMS GROUP, LLC", "dbas": [ "GMS GROUP" ], "city": "East Hanover", "state": "NJ", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2022-11-22", "years_registered": 3, "period": "2026-10-01", "filing_date": "2026-09-10", "carried_forward": false, "raum_total": 19831795.0, "raum_discretionary": 19831795.0, "raum_non_discretionary": 0.0, "raum_band": "under_25m", "raum_band_label": "Under $25 million", "total_employees": 15, "advisory_employees": 4, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "banking_thrift": { "raum": 19831795.0, "count": 1, "fewer_than_5": true } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 6, "states_registered": [ "FL", "NJ" ], "websites": [ "https://gmsgroup.com", "https://linkedin.com/company/the-gms-group" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/8000", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.D(1)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?" }, { "item": "11.D(5)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?" }, { "item": "11.E(2)", "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?" }, { "item": "11.E(4)", "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?" } ], "city_as_filed": "EAST HANOVER", "url": "https://advisorcensus.com/firm/gms-group-east-hanover-nj-8000", "display_name": "GMS Group", "summary": "GMS Group is an SEC-registered investment advisory firm in East Hanover, NJ, registered since 2022, reporting under $25 million in regulatory assets under management in its Form ADV filing dated September 10, 2026.", "citation": "AdvisorCensus. GMS Group (CRD 8000): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Portfolio management for businesses (other than small businesses) or institutional clients", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is GMS Group compensated?", "a": "On its Form ADV (Item 5.E, October 2026), GMS Group reports these compensation arrangements: a percentage of assets under its management. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is GMS Group located?", "a": "GMS Group's principal office is in East Hanover, NJ, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is GMS Group registered with the SEC or a state?", "a": "GMS Group is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 8000." }, { "q": "How much does GMS Group manage?", "a": "GMS Group reports $19,831,795 in regulatory assets under management in its Form ADV filing dated September 10, 2026 (100% discretionary)." }, { "q": "How have GMS Group's assets and staff changed since 2023?", "a": "In the Form ADV data for GMS Group: Regulatory assets under management: $132,112,103 in the October 2023 data and $19,831,795 in the October 2026 data, down 85%. Total employees: 15 in October 2023 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does GMS Group serve?", "a": "By number of clients on Form ADV Item 5.D: banking or thrift institutions (1)." }, { "q": "Which custodians does GMS Group use?", "a": "GMS Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does GMS Group report any disciplinary disclosures?", "a": "Reports 6 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction), 11.E(2) (self-regulatory organization's finding of a rule violation), and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/8000" }, { "q": "What changed in GMS Group's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 3 to 4. Regulatory assets under management went from $13,887,060 to $19,831,795 (+43%)." } ], "filing_history": [ { "period": "2023-10-01", "regulatory_assets_under_management": 132112103.0, "total_employees": 15, "filing_date": "2023-03-09" }, { "period": "2024-10-01", "regulatory_assets_under_management": 177300399.0, "total_employees": 15, "filing_date": "2024-03-05" }, { "period": "2025-10-01", "regulatory_assets_under_management": 13887060.0, "total_employees": 15, "filing_date": "2025-07-08" }, { "period": "2026-10-01", "regulatory_assets_under_management": 19831795.0, "total_employees": 15, "filing_date": "2026-09-10" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 3 to 4.", "Regulatory assets under management went from $13,887,060 to $19,831,795 (+43%)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "Pershing LLC", "name_as_filed": "PERSHING LLC", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/gms-group-east-hanover-nj-8000.md", "clients": [ { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 1, "fewer_than_5": true, "raum": 19831795.0 } ], "disclosure_line": "Reports 6 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/8000", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }