Goodman Financial Corporation

CRD#114637
Investment Advisor Firm

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Learn more about Goodman Financial Corporation

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Goodman Financial Corporation is located at 5177 Richmond Avenue, Houston, TX. The firm employs 16 financial advisors to manage client portfolios and provide financial guidance. Goodman Financial Corporation is not a registered broker-dealer.

    Goodman Financial Corporation oversees $698.6 million in assets under management across 781 accounts, all of which are discretionary. Over the past year, the firm has provided financial planning services to between 101 and 250 clients. The services offered include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and other services. The firm caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, and charitable organizations, with high net worth investors being the largest client type by accounts. The fee structure at Goodman Financial Corporation includes asset-based and hourly fees. The firm has 184 high net worth clients.

    Goodman Financial Corporation is registered in the states of Colorado, Florida, Louisiana, and Texas.

    Assets Under Management

    $698.6 million

    Number of Advisors

    16

    Disclosures

    No

    Office Location

    5177 Richmond Avenue
    Houston, TX 77056

    Goodman Financial Corporation by the Numbers

    Total Assets Under Management

    $698.6 million

    National Average: $8.6 billion
    Total Number of Employees

    24

    National Average: 64
    Total Number of Accounts

    781

    National Average: 375,227
    Average Account Size

    $894.5 thousand

    National Average: $23.0 thousand
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    Products and Services

    Goodman Financial Corporation offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for institutional clients, and other services. In the prior fiscal year, Goodman Financial Corporation provided 101-250 of its accounts with financial planning services. The Firm does not sell products or offer services other than investment advice to its investment advisory customers.

    Core Advisor Services

    • Offered by 31% of firms

      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

    • Offered by 46% of firms

      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Find a firm that offers this service

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

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    Fee Structure

    Financial advisory fees largely depend on the type of services provided. Fees charged by Goodman Financial Corporation most likely consist of any blend of the following fee structures: asset-based or hourly.

    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 21% of firms

      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.

    Unavailable

    • 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 26% of firms that offer this fee type

      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.

    • 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 firm manages money for a number of different customers. The firm caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, and charitable organizations. Out of its 5 clients, Goodman Financial Corporation's biggest client group by number of accounts is high net worth investors, though it also manages money for 184 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 in AUM or a net worth of at least $1,50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments).

    • High-Net-Worth Individuals* - 72.73%
    • Other Individuals - 22.13%
    • Corporations - 0.79%
    • Charitable Organizations - 4.35%

    * 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

    Goodman Financial Corporation does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Goodman Financial Corporation

    Robert Haverly
    Houston, TX
    Mashal Lakhani
    Houston, TX
    Anna Ceker
    Houston, TX
    Lee Taylor
    Houston, TX
    Albert Wagner
    Houston, TX
    Charlotte Jungen
    Houston, TX
    Morgann Zimmer
    Houston, TX
    Benjamin Mccue
    Houston, TX
    Cameron Malott
    Houston, TX

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