Giocon, Inc. (Lunenburg)

Giocon, Inc. is a large advisory firm based in Lunenburg. It manages $44.67 million of regulatory assets for 105 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Massachusetts.

Giocon provides portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Giocon: assets under management

The assets under management (AUM) of Giocon, Inc. is $44.67 million. The firm's AUM has gone down by -4% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $37.85 million in discretionary accounts and $6.81 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $467.32 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $283.83 thousand.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Giocon, 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.

Careers at Giocon, Inc.

Joseph A. Giovino has been acting as President since 1 Jan 1995. Mary R. Giovino joined the executive team most recently as the Clerk/Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph A. Giovino	President	1 Jan 1995	50% - 75%	4437320
Mary R. Giovino	Clerk/secretary	1 Jan 1995	50% - 75%	4437326

Based in Lunenburg

The principal office where Giocon, Inc. performs its advisory services is located at 545 Goodrich Street, Lunenburg, MA 01462, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.