Goodhaven Capital Management

CRD#156032
Investment Advisor Firm

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Overview

Goodhaven Capital Management is a financial advisory company based in Millburn, New Jersey. It administers $182.7 million in assets under management throughout 68 customer accounts, placing it in the mid-tier of investment advisory firms in the country by assets under management (AUM). Goodhaven Capital Management has a small group, including 2 financial advisors. Goodhaven Capital Management is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are tradable financial assets like options, stocks and bonds.

Goodhaven Capital Management administers all of the company's accounts in a discretionary manner. Discretionary management means that a portfolio manager makes buy and sell choices for the client's account without needing client authorization. Goodhaven Capital Management oversees an average of $2.7 million in assets for each account. An average financial advisor at Goodhaven Capital Management administers about 34 client accounts, placing it towards the middle in terms of personalization.

The firm's central office is located at 374 Millburn Avenue, Millburn, New Jersey 7041. The company is permitted to serve investors across a few states, including Connecticut, Florida, Massachusetts, New Jersey and New York.

Assets Under Management

$182.7 million

Number of Advisors

2

Disclosures

No

Office Location

374 Millburn Avenue
Millburn, NJ 07041

Goodhaven Capital Management by the Numbers

Total Assets Under Management

$182.7 million

National Average: $8.6 billion
Total Number of Employees

5

National Average: 64
Total Number of Accounts

68

National Average: 375,227
Average Account Size

$2.7 million

National Average: $23.0 thousand
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Fee Structure

Fees for financial management are based on the services provided. However, fee types billed by the firm most likely include any 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 provided by the firm.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    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

It provides services to retail investors, high net worth investors and investment companies. Out of its 68 accounts, Goodhaven Capital Management's biggest client is retail investors, but it also serves 19 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's clients are represented by people from outside of the U.S.

  • High-Net-Worth Individuals* - 29.69%
  • Other Individuals - 68.75%
  • Corporations - 1.56%
  • 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

Goodhaven Capital Management does not have any disclosures.

Please visit its Form ADV for more details.

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