Client Relationship Summary

GSP Securities LLC

September 30, 2020

GSP SECURITIES LLC (“we” or “our” or “us”) is a broker-dealer registered with the U.S. Securities and Exchange Commission, a member of the Financial Industry Regulatory Authority, and a member of the Securities Investor Protection Corporation. Brokerage and investment advisory services and fees differ and it is important for you to understand the differences. This Client Relationship Summary addresses our brokerage services.  Free and simple tools are available at Investor.gov/CRS, which provides educational materials about broker-dealers, investment advisers, and investing.

What investment services and advice can you provide me?

We offer non-discretionary brokerage services to you which involve advising on the purchase and/or sale of ownership interests and/or assets within the professional sports industry.  We mainly provide advisory services related to mergers and acquisitions and equity capital raising and placement to companies and individual owners of or prospective investors in professional sports franchises, professional sports leagues, and assets related to professional sports. Our services are consultative in nature and do not involve us having any discretion on the purchase or sale of securities. 

Certain sellers of interests we advise on may impose minimum investment amounts. We do not custody any assets and therefor do not set any account minimum or maximum amounts. For more detailed information about our services, please visit https://www.gspsecurities.com/.

Conversation Starters:

  • Given my financial situation, should I choose a brokerage service? Why or why not?
  • How will you choose investments to recommend to me?
  • What is your relevant experience, including your licenses, education and other qualifications? What do these qualifications mean?

What fees will I pay?

We typically charge a fee tied to the buy and/or sell sides of any transaction.  The fee is typically a percentage of the total purchase price of the interests/assets sold (or a percentage of the total equity capital raised or placed by a client) and may be dependent on the successful completion of a buy and/or sell side assignment or capital raise/placement by a client.  The compensation may also include certain upfront retainers, periodic work fees, and reimbursement for certain expenses. The fee may differ from time to time depending on the transaction, but will always be clearly disclosed to both the buyer and seller prior to any transaction. You will pay fees and costs whether you make or lose money on your investments. Fees and costs will reduce any amount of money you make on your investments over time. Please make sure you understand what fees and costs you are paying. 

Conversation Starters:

  • Help me understand how these fees and costs might affect my investments. If I give you $10,000 to invest, how much will go to fees and costs, and how much will be invested for me?
  • How might your conflicts of interest affect me, and how will you address them?

What are your legal obligations to me when providing recommendations? How else does your firm make money and what conflicts of interest do you have?

When we provide you with a recommendation, we have to act in your best interest and not put our interest ahead of yours. At the same time, the way we make money, and the activities of our affiliated entities, may create some conflict with your interests. You should understand and ask us about these conflicts because they can affect the recommendations we provide you. Below is an example to help you understand what this means.

When introducing you to a potential investment, we do not have a legal/regulatory duty to ensure that it is the best possible investment for you, rather we have a duty to ensure such investment is suitable to your investment needs and strategy. 

How do your financial professionals make money?

Our financial professional employees receive a fixed-base salary and a discretionary cash bonus based on individual performance and performance of our firm. 

Do you or your financial professionals have legal or disciplinary history?

No. For a free and simple search tool to research us and our financial professionals, please visit Investor.gov/CRS to learn more.

Conversation Starters:

  • As a financial professional, do you have any disciplinary history? For what type of conduct?

Additional information about our brokerage services and a copy of Form CRS can be obtaining by contacting us at 212-850-4900 and visiting us at https://www.gspsecurities.com/

Conversations Starters:

  • Who is my primary contact person? Is he or she a representative of an investment advisor or a broker-dealer? Who can I talk to if I have concerns about how this person is treating me?