Garner Financial Management, Inc. (Lafayette)

Name: Garner Financial Management, Inc.
Address: 3620 Happy Valley Road, Lafayette, CA, 94549
Telephone: 925.282.5500

Garner Financial Management, Inc. is a large advisory firm based in Lafayette. It manages $119.05 million of regulatory assets for 385 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California and Texas.

Garner Financial Management provides financial planning services, portfolio management for individuals and small businesses, 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.

Garner Financial Management: assets under management

The assets under management (AUM) of Garner Financial Management, Inc. is $119.05 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 105% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.05 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $309.23 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Garner Financial Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.

What kind of clients Garner Financial Management serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Garner Financial Management is high net worth individuals with 33 clients and $71.58 million of assets under management. Among the 7 most similar advisory firms, Garner Financial Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $119.05 million for 139 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Garner Financial Management doesn't advise any private funds.

Careers at Garner Financial Management, Inc.

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert James Garner	President, chief compliance officer	1 Mar 2010	75% - 100%	2494037
Blair Jason Garner	Vice president	1 Jul 2014	Other	6093058

Based in Lafayette

The principal office where Garner Financial Management, Inc. performs its advisory services is located at 3620 Happy Valley Road, Lafayette, CA 94549, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 925.282.5500 or by fax 925.962.9250. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at garnerfinancialmanagement.com.