Godfrey Financial Associates, Inc. (Glenmont)


Godfrey Financial Associates, Inc. is a mid-sized advisory firm based in Glenmont. It manages $50.22 million of regulatory assets for 386 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Louisiana, Massachusetts, New York, and Texas.

Godfrey Financial Associates provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Godfrey Financial Associates: assets under management

The assets under management (AUM) of Godfrey Financial Associates, Inc. is $50.22 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 40% since the beginning of its operation, and $426.69 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $50.22 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $130.11 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 61% of the total AUM. The second-largest asset type is exchange traded securities, which make up 20% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Godfrey Financial Associates, Inc. for their services and products based on a percentage of assets under management, hourly charges, 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 Kathleen Louise Godfrey serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kathleen Louise Godfrey is individuals with 160 clients and $33.74 million of assets under management. Among the 1 most similar advisory firms, Godfrey Financial Associates has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $50.22 million for 174 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Godfrey Financial Associates doesn't advise any private funds.

Careers at Godfrey Financial Associates, Inc.

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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
Kathleen Louise Godfrey President and chief compliance officer 1 Jan 1996 75% - 100% 2672217
Kathleen Louise Godfrey President 1 Feb 1996 75% - 100% 2672217

Based in Glenmont

The principal office where Godfrey Financial Associates, Inc. performs its advisory services is located at 797 Route 9 W, Glenmont, NY 12077 3801, 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 518-767-2574 or by fax 518-767-2529. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at godfreyfinancial.com.