Key Takeaways
- • Gryphon Wealth, a Jacksonville, Florida registered investment adviser with 22 employees and just over $3.38 billion in assets under management as of August 26, 2026, completed its transition to a fee-only fiduciary model in April 2026, according to CEO and CIO Jason Hyrne.
- • The firm went independent in 2023 while continuing to clear and custody assets through Wells Fargo, which the firm says allows it to adopt new technology quickly while retaining the stability of a large global bank.
- • Hyrne says clients are beginning to reduce large allocations to private capital, including private equity, private real estate, and private credit, as returns have diminished amid heavy capital inflows and lockups and tax complications weigh on investors.
- • Gryphon Wealth is using AI and a tax-data partnership to tailor income and estate tax planning, while stating that technology is meant to support advisers rather than replace personal client relationships.
- • Hyrne expects continued wealth migration into North Florida, Florida, Texas, and Tennessee over the next three to five years and says the firm has four younger advisers in training.
Summary
Gryphon Wealth, a Jacksonville-based registered investment adviser, has 22 employees and just over $3.38 billion in assets under management as of August 26, 2026, according to an interview with Invest: published in September 2026. Chief Executive Officer, Chief Investment Officer and co-founder Jason Hyrne said the firm serves families and individuals primarily in North Florida, with clients in 30 states. The firm was founded in 2005 by Hyrne and Jeffrey Wyatt, now chairman, who previously worked together at Wachovia, now part of Wells Fargo. The firm went independent in 2023 while continuing to be supported by Wells Fargo.
In April 2026, Gryphon Wealth became a fee-only fiduciary while continuing to clear through Wells Fargo. Hyrne said the firm was already 97% fee-based before the change. He described the move as a regulatory benefit, noting that the firm is now regulated by the U.S. Securities and Exchange Commission rather than two regulators, which he said allows more direct and transparent client communication. Hyrne said the firm views technology, including AI, as a tool to improve planning and investment management, while emphasizing that personal relationships remain central and that technology reduces time spent on routine planning work.
On private capital, Hyrne said the industry trend toward private equity, private real estate, and private credit has reversed over the last couple of years. He attributed this partly to significant capital inflows that have diminished returns, particularly among larger players, and noted that wealthier clients are questioning exposure given lockups and tax complications. He said clients may still make selective investments but are allocating fewer large portions of portfolios to these strategies.
On estate and multigenerational planning, Hyrne said the firm employs a full-time estate planning attorney and functions in many cases as a mini family office. The firm is using AI tools to track complex estate plans and has four younger advisers in training, with another joining soon. Hyrne also cited regional growth, saying wealthy families are relocating from higher-tax states to Florida, Texas, and Tennessee, and that he expects these trends to persist over the next three to five years.
In April 2026, Gryphon Wealth became a fee-only fiduciary while continuing to clear through Wells Fargo. Hyrne said the firm was already 97% fee-based before the change. He described the move as a regulatory benefit, noting that the firm is now regulated by the U.S. Securities and Exchange Commission rather than two regulators, which he said allows more direct and transparent client communication. Hyrne said the firm views technology, including AI, as a tool to improve planning and investment management, while emphasizing that personal relationships remain central and that technology reduces time spent on routine planning work.
On private capital, Hyrne said the industry trend toward private equity, private real estate, and private credit has reversed over the last couple of years. He attributed this partly to significant capital inflows that have diminished returns, particularly among larger players, and noted that wealthier clients are questioning exposure given lockups and tax complications. He said clients may still make selective investments but are allocating fewer large portions of portfolios to these strategies.
On estate and multigenerational planning, Hyrne said the firm employs a full-time estate planning attorney and functions in many cases as a mini family office. The firm is using AI tools to track complex estate plans and has four younger advisers in training, with another joining soon. Hyrne also cited regional growth, saying wealthy families are relocating from higher-tax states to Florida, Texas, and Tennessee, and that he expects these trends to persist over the next three to five years.
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