Griffin Asset Management, Inc. (New York)

Name: Griffin Asset Management, Inc.
Address: 230 Park Avenue, New York, NY, 10169
Telephone: 917-484-5608

Griffin Asset Management, Inc. is a large advisory firm based in New York. It manages $707.23 million of regulatory assets for 592 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of California, Florida, Louisiana, and 4 other states.

Griffin Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Griffin Asset Management: assets under management

The assets under management (AUM) of Griffin Asset Management, Inc. is $707.23 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and $47.12 million of the total AUM is attributable to clients outside of the United States.

The firm manages $707.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.19 million each.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 6% of the firm’s portfolio. Investments in state and local bonds form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Griffin Asset Management, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Griffin Asset Management serves?

The firm provides services to investment companies, charitable organizations, other investment advisers, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Griffin Asset Management is high net worth individuals with 557 clients and $382.71 million of assets under management. Among the 12 most similar advisory firms, Griffin Asset Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $707.23 million for 592 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Griffin Asset Management doesn't advise any private funds.

Careers at Griffin Asset Management, Inc.

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There’s a single person 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
Christine Stuttig	Treasurer & corporate secretary	1 Jan 2005	Other	4301594
Thomas Angelo Famigletti	Chief compliance officer	1 Jan 2006	Other	1781781
Robert Perkins Youngman	President, managing director & chief compliance officer	1 Jan 2006	25% - 50%	4301586
John Gray Youngman	Managing director	1 Jan 2006	Other	2160024
Peter William Hofmann	Managing director	1 Jan 2006	Other	828900
Diana Lynn Salter	Managing director	1 Jan 2006	Other	3040
Doug Maxwell Famigletti	Managing director	1 Jan 2006	Other	2803488
Christine Stuttig	Treasurer & corporate secretary	1 Jan 2006	Other	4301594
Robert Perkins Youngman	President & managing director	1 Oct 2009	25% - 50%	4301586
Doug Maxwell Famigletti	Managing director & chief compliance officer	1 Oct 2009	Other	2803488
Robert Perkins Youngman	Managing director	1 Jan 2010	25% - 50%	4301586
Diana Lynn Salter	Chief operating officer	1 Mar 2010	Other	3040
Douglas Maxwell Famigletti	President & chief investment officer	1 Mar 2010	50% - 75%	2803488

Based in New York

The principal office where Griffin Asset Management, Inc. performs its advisory services is located at 230 Park Avenue, New York, NY 10169, 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 917-484-5608. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at griffinasset.com and its LinkedIn profile.