Griffin Asset Management LLC

CRD#268821
Investment Advisor Firm

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Overview

Griffin Asset Management LLC is an advisory company that has its headquarters in La Grange, Illinois. Griffin Asset Management LLC oversees $105.8 million in assets under management over nine customer accounts, placing it in the mid-tier of investment advisory firms in the United States by assets under management (AUM). The firm has a small team, including 3 financial advisors. Griffin Asset Management LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are tradable financial assets like equities, bonds and options.

Griffin Asset Management LLC oversees all of the company's client assets in a discretionary manner. Discretionary management means that buy and sell decisions for the client's account are made by a portfolio manager without requiring client authorization. The company's average account size is $11.8 million. The typical advisor at Griffin Asset Management LLC manages about three client accounts, placing it among the most personalized advisor firms in the country.

The company's main office is located at 403 South La Grange Road, La Grange, Illinois 60525. The company is legally permitted to provide services to customers in the state of Illinois.

Assets Under Management

$105.8 million

Number of Advisors

3

Disclosures

No

Office Location

403 South La Grange Road
La Grange, IL 60525

Griffin Asset Management LLC by the Numbers

Total Assets Under Management

$105.8 million

National Average: $8.6 billion
Total Number of Employees

6

National Average: 64
Total Number of Accounts

9

National Average: 375,227
Average Account Size

$11.8 million

National Average: $23.0 thousand
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Fee Structure

Fees charged by financial advisors usually vary depending on which service is provided. Fee types billed by the firm can be comprised of some combination of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 69% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 26% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 21% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 1% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 0% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 32% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 10% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company provides services to pooled investment vehicles. Out of its nine customers, Griffin Asset Management LLC's biggest client group by number of accounts is pooled investment vehicles. Just 1% of the firm's clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • Charitable Organizations - 0%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Griffin Asset Management LLC does not have any disclosures.

Please visit its Form ADV for more details.

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