Gkfo, LLC (W. Conshohocken)

Name: Gkfo, LLC
Address: One Tower Bridge, W. Conshohocken, PA, 19428
Telephone: 610-341-3900

Gkfo, LLC is a large advisory firm based in W. Conshohocken. It manages $508.79 million of regulatory assets for 168 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Massachusetts, New Hampshire, New York, and Pennsylvania.

Gkfo provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gkfo: assets under management

The assets under management (AUM) of Gkfo, LLC is $508.79 million. The firm's AUM has grown by 546% since the beginning of its operation, and $275.8 million of the total AUM is attributable to clients outside of the United States.

The firm manages $181.99 million in discretionary accounts and $326.79 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.43 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $3.51 million.

Gkfo has custody of $78.71 million in cash and securities for 30 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 19% of the firm’s portfolio. Investments in derivatives form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gkfo, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Gkfo serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Gkfo is high net worth individuals with 52 clients and $508.23 million of assets under management. Among the 7 most similar advisory firms, Gkfo has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $508.79 million for 60 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Gkfo doesn't advise any private funds.

Careers at Gkfo, LLC

The company employs 30 people that are either part- or full-time employees. 37 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Stephen Richard Kitching	Managing member / chief operating officer	1 Jul 2009	50% - 75%	2192714
Christopher Charles Geczy	Managing member / chief financial officer	1 Jul 2009	50% - 75%	5699978
Nicholas Neilio	Chief compliance officer	1 Nov 2012	Other	6318346

Based in W. Conshohocken

The principal office where Gkfo, LLC performs its advisory services is located at One Tower Bridge, W. Conshohocken, PA 19428, 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 610-341-3900 or by fax (610) 341-9455. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at gkfo.net.