Al Frank Asset Management Inc (Austin)


Al Frank Asset Management Inc is a large advisory firm based in Austin. It manages $587.74 million of regulatory assets for 1,025 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 33 other states.

Al Frank Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for businesses and institutional clients, 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.

Al Frank Asset Management: assets under management

The assets under management (AUM) of Al Frank Asset Management Inc is $587.74 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 553% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $587.74 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $573.41 thousand each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Al Frank Asset Management Inc for their services and products based on a percentage of assets under management and subscription 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.

Careers at Al Frank Asset Management Inc

James Joseph Dlugosch has been acting as President since 1 Nov 1999. Elizabeth Magdalena Willmore joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Alfred Frank Chief investment strategist 1 Sep 1983 Other 4346661
John Buckingham Exec. vice president 1 Mar 1987 Other 2593935
James Joseph Dlugosch President 1 Nov 1999 Other 1752993
Kenneth Eugene Dawkins Director 1 Nov 1999 Other 62841
Alfred Frank Director 1 Nov 1999 Other 4346661
Inc. Af Holdings Holding company 1 Nov 1999 75% - 100% 41-1946117
Joseph John Lahti Director 1 Jul 2001 Other 1391436
John Buckingham President 1 Dec 2001 Other 2593935
Diane Marilyn Peck Chief financial officer 1 Dec 2001 Other 4518073
Victoria Baldwin Shareholder 1 Apr 2002 Other 4346661
Susanne M. Hoy Shareholder 1 Sep 2002 Other 4634295
Diane Marilyn Peck Chief compliance officer/cfo 1 Sep 2004 Other 4518073
Kevin Arthur Noble Director 1 Jan 2005 Other 2115754
Steven Richard Samson Chief operating officer 1 Jul 2005 Other 1177541
Jeffrey Alan Montgomery Director 1 Nov 2007 Other 2429245
Jeffrey Alan Montgomery Ceo 1 May 2008 Other 2429245
Paul Roger Osterberg Coo 1 Nov 2008 Other 4773473
Gerald William Buetow Cio 1 Nov 2009 Other 5199863
Jeffrey Alan Montgomery Ceo/cfo 1 Mar 2010 Other 2429245
Duane Robert Mattson Chief compliance officer 1 Mar 2010 Other 2439753
Kurt Emmanuel Morales Senior controller 1 Jul 2010 Other 4270192
Elizabeth Magdalena Willmore Chief compliance officer 1 May 2012 Other 2697868

Based in Austin

The principal office where Al Frank Asset Management Inc performs its advisory services is located at 12117 Fm 2244, Austin, TX 78738, which is also the mailing address of the firm. An additional office of the firm is in Aptos, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-354-7041 or by fax 512-402-1014. The normal business hours are 8 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at www.alfrank.com.

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