Introducing First Trust Investment Solutions L.P.
First Trust Investment Solutions L.P. ("FTIS"), an affiliate, through common ownership, of First Trust Portfolios L.P. and First Trust Advisors L.P., (collectively "First Trust"), announced today that it has acquired Gyroscope Capital Management Group, LLC ("Gyroscope"), an investment adviser with more than 16 years of experience providing options based investment strategies focused on tax advantaged, active equity income and custom hedging solutions.
"First Trust was founded to cultivate relationships with financial professionals and help them solve the needs of their clients," said Robert Hughes, CEO, Managing Director, FTIS. "FTIS combines the extensive investment management experience and robust distribution of First Trust with Gyroscope's options expertise, creating customizable investment strategies to enhance yield, manage risk, and tax-efficiently transition low basis stock positions."
Reinforcing this mission, Kevin Erndl, former Gyroscope CEO and incoming FTIS CIO, expressed that, "Gyroscope has a long history of providing essential portfolio management solutions that allow for portfolio customization, tax management, and income potential. Our goal since day one has been to design highly customized portfolios for each client's investment objectives as well as turn-key solutions researched and professionally managed by highly skilled portfolio management teams."
Drawing from decades of experience, First Trust Investment Solutions combines the strength of the advisor focused resources and asset management capabilities of First Trust with FTIS's investment management expertise, creating a state-of-the-art Managed Account platform designed to allow customization and tax management to align with a client's financial and income goals and personal values.
First Trust was established in 1991 to cultivate relationships with financial professionals and help solve the needs of their clients. With a rich history spanning over 30 years, First Trust has earned a prominent reputation for its pioneering thought leadership and innovative solutions catering to diverse investment needs.
For more information about First Trust Investment Solutions L.P., please contact Robert Hughes at (630) 517-7329 or [email protected].
About First Trust Investment Solutions
First Trust Investment Solutions L.P. ("FTIS") (formerly Gyroscope Capital Management Group, LLC) is a federally registered investment advisor and an affiliate, through common ownership, of First Trust Portfolios L.P. and First Trust Advisors L.P., (collectively "First Trust"). First Trust and its affiliates provide access to an array of asset classes and strategies through separately managed accounts, alternatives, direct indexing, structured investments, unit investment trusts, exchange-traded funds, mutual funds, variable annuities, and closed-end funds. For more information, visit http://www.ftsma.com.
About First Trust
First Trust is a federally registered investment advisor. First Trust and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately held companies that provide a variety of investment services. First Trust has collective assets under management or supervision of approximately $206 billion as of July 31, 2023, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts. First Trust is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor. FTP is also a distributor of mutual fund shares and exchange-traded fund creation units. First Trust and FTP are based in Wheaton, Illinois. For more information, visit http://www.ftportfolios.com.
The information presented is not intended to constitute an investment recommendation for, or advice to, any specific person. By providing this information, First Trust is not undertaking to give advice in any fiduciary capacity within the meaning of ERISA, the Internal Revenue Code or any other regulatory framework. Financial professionals are responsible for evaluating investment risks independently and for exercising independent judgment in determining whether investments are appropriate for their clients.
First Trust Investment Solutions L.P. ("FTIS") is an investment advisor registered with the U.S. Securities and Exchange Commission. FTIS is an affiliate of First Trust Portfolios L.P., a FINRA-registered broker-dealer and First Trust Advisors L.P., a U.S. registered investment advisor, and is responsible for the day-to-day management of the SMAs. First Trust Portfolios L.P. is the marketing agent for the SMAs.
FTIS has entered into a contractual agreement with First Trust Portfolios L.P. ("First Trust") to refer investment advisory services provided by FTIS. Since FTIS management fees are based upon a percentage of assets under management, the more assets under management, the higher fee income to FTIS. Due to such compensation, First Trust has an incentive to recommend advisory services of FTIS, resulting in a material conflict of interest which should be considered when deciding to engage FTIS. Please read FTIS' Form ADV Part 2 for a description of services and fees offered.
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