Generation Capital Management LLC

Generation Capital Management, LLC (GCM) is an independent, fee-based SEC registered investment advisor firm based in Rochester, NY, founded in 2003 by Scott Nasca. GCM manages client assets totaling $1,029,554,376 as of December 31, 2014, with a focus on individualized portfolio and investment management services for various clients, including individuals, high net worth individuals, charities, trusts, corporations, retirement plans, municipal government entities, and foundations. GCM offers discretionary portfolio management and retirement plan consulting services, actively monitoring and providing advice on buying, selling, and holding securities based on clients' financial situations, investment objectives, and risk tolerance. The firm's investment philosophy emphasizes extensive diversification across asset classes, sectors, and styles to reduce risk and create well-diversified portfolios. GCM primarily invests in equity and fixed income securities, ETFs, and CEFs, utilizing a macroeconomic approach and a disciplined investment strategy. Clients can impose reasonable restrictions on their accounts, and GCM aggregates client transactions when advantageous. The firm charges fees based on a percentage of total assets under management, with negotiable fee structures for different strategies. GCM does not charge performance-based fees and does not compensate third parties for client referrals. The firm exercises investment discretion for managing client assets, ensuring compliance with clients' investment objectives and restrictions. GCM has a negative balance sheet history but currently has no client loans outstanding.