Goodman Financial Corporation (Houston)

Name: Goodman Financial Corporation
Address: 5177 Richmond Avenue, Houston, TX, 77056
Telephone: 713-599-1777

Goodman Financial Corporation is a large advisory firm based in Houston. It manages $386.29 million of regulatory assets for 238 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of California, Colorado, Louisiana, North Carolina, and Texas.

Goodman Financial Corporation provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment consulting services. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Goodman Financial Corporation: assets under management

The assets under management (AUM) of Goodman Financial Corporation is $386.29 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 757% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $386.29 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.62 million each.

Goodman Financial Corporation has custody of $108.41 million in cash and securities for 80 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 34% of the firm’s portfolio. Investments in investment and business development companies form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Goodman Financial Corporation for their services and products based on a percentage of assets under management and hourly charges. 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 Steven Robert Goodman serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Steven Robert Goodman is high net worth individuals with 130 clients and $315.7 million of assets under management. Among the 11 most similar advisory firms, Goodman Financial Corporation has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $386.29 million for 238 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.

Goodman Financial Corporation doesn't advise any private funds.

Careers at Goodman Financial Corporation

The company employs 14 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 9 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.

Steven Robert Goodman has been acting as President since 1 Dec 1988. Charlotte Marie Jungen joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Robert Goodman	President	1 Dec 1988	75% - 100%	1737282
Michael D Viator	Shareholder	1 Oct 2009	Other	5731166
Charlotte Marie Jungen	Chief compliance officer	1 Mar 2015	Other	4452180

Based in Houston

The principal office where Goodman Financial Corporation performs its advisory services is located at 5177 Richmond Avenue, Houston, TX 77056, 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 713-599-1777 or by fax 713-599-1811. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at goodmanfinancial.com.