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 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.
Source: Company Press Release
