Garfinkel Asset Management, Inc. (Mineola)

Garfinkel Asset Management, Inc. is a large advisory firm based in Mineola. It manages $26.4 million of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.

Garfinkel Asset Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Garfinkel Asset Management: assets under management

The assets under management (AUM) of Garfinkel Asset Management, Inc. is $26.4 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $20 million in discretionary accounts and $6.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.18 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $376.47 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Garfinkel Asset Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Garfinkel Asset Management, Inc.

Jay Stewart Garfinkel has been acting as President since 1 Aug 2000. Mary Elizabeth Lehane joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jay Stewart Garfinkel	President	1 Aug 2000	25% - 50%	4361920
Mary Elizabeth Lehane	Vice president	1 Aug 2000	25% - 50%	4361927
Herbert Garfinkel	Vice president	1 Aug 2000	25% - 50%	4361937

Based in Mineola

The principal office where Garfinkel Asset Management, Inc. performs its advisory services is located at 114 Old Country Road, Suite 544, Mineola, NY 11501, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.