Gifford Fong Associates (Lafayette)

Name: Gifford Fong Associates
Address: 3658 Mt. Diablo Blvd., Lafayette, CA, 94549 3751
Telephone: 925-299-7800

Gifford Fong Associates is a large advisory firm based in Lafayette. It manages $265.86 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of California.

Gifford Fong Associates provides portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gifford Fong Associates: assets under management

The assets under management (AUM) of Gifford Fong Associates is $265.86 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $265.86 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $265.86 million each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Gifford Fong Associates for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Harry Gifford Fong serves?

The only and largest group of clients of Harry Gifford Fong is state or municipal government entities with 1 clients and $265.86 million of assets under management. Among the 9 most similar advisory firms, Gifford Fong Associates has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $265.86 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Gifford Fong Associates doesn't advise any private funds.

Careers at Gifford Fong Associates

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Harry Gifford Fong has been acting as President since 1 Aug 1977. Harry Clifford Fong joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Harry Clifford Fong	Chief compliance officer	1 Aug 1977	Other	703542
Harry Gifford Fong	President	1 Aug 1977	25% - 50%	210806
Timothy Gifford Fong	Shareholder	1 Aug 1977	Other	2489401
Vivian Ung Fong	Shareholder	1 Aug 1977	Other	1480331
Steven Gifford Fong	Shareholder	1 Aug 1977	Other	2489399
Steven Gifford Fong	Executive director	1 Mar 2010	Other	2489399
Steven Gifford Fong	Chief executive officer	1 Nov 2017	Other	2489399

Based in Lafayette

The principal office where Gifford Fong Associates performs its advisory services is located at 3658 Mt. Diablo Blvd., Lafayette, CA 94549 3751, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925-299-7800 or by fax 925-299-7815. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at gfong.com/.