H.B. Gofman Associates Inc (Sarasota)

H.B. Gofman Associates Inc is a large advisory firm based in Sarasota. It manages $107.7 million of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and New Jersey.

H.B. Gofman Associates provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

H.B. Gofman Associates: assets under management

The assets under management (AUM) of H.B. Gofman Associates Inc is $107.7 million. The firm's AUM has gone down by -34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $102.69 million in discretionary accounts and $5.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.67 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $5.01 million.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is government bonds, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay H.B. Gofman Associates Inc 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 H.B. Gofman Associates serves?

The firm provides services to high net worth individuals and corporations or other businesses. The largest group of clients of H.B. Gofman Associates is high net worth individuals with 21 clients and $106.43 million of assets under management. Among the 10 most similar advisory firms, H.B. Gofman Associates has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $107.7 million for 22 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

H.B. Gofman Associates doesn't advise any private funds.

Careers at H.B. Gofman Associates Inc

The company employs 1 person that is either a part- or full-time employee. 100 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Herbert Burton Gofman	President & chief compliance officer	1 Jun 1993	75% - 100%	4361970

Based in Sarasota

The principal office where H.B. Gofman Associates Inc performs its advisory services is located at 2055 Wood Street, Suite 200, Sarasota, FL 34237, 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 941-955-8100 or by fax 941-955-8395. The normal business hours are 9:00 am to 4:30 pm on Monday - Friday.