Gordon Asset Management, LLC is a large advisory firm based in Durham. It manages $731.85 million of regulatory assets for 720 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Arizona, Louisiana, North Carolina, and 3 other states.
Gordon Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Gordon Asset Management, LLC is $731.85 million. The firm's AUM has grown by 240% since the beginning of its operation, and $622.96 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Gordon Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Joseph Michael Gordon is pension and profit sharing plans with 86 clients and $547.09 million of assets under management. Among the 9 most similar advisory firms, Gordon Asset Management has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $724.94 million for 351 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Gordon Asset Management doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Joseph Michael Gordon has been acting as President since 1 Jul 2001. Cdk Capital Corp. joined the executive team most recently as the Partner/Shareholder.
The principal office where Gordon Asset Management, LLC performs its advisory services is located at 1007 Slater Road, Durham, NC 27703, which is also the mailing address of the firm. An additional office of the firm is in Phoenix, AZ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 919-313-6650 or by fax 919-313-6675. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at wealthqb.com and its LinkedIn profile.