Gould Asset Management LLC (Claremont)

Name: Gould Asset Management LLC
Address: 341 West First Street, Claremont, CA, 91711 4749
Telephone: 909-445-1291

Gould Asset Management LLC is a large advisory firm based in Claremont. It manages $521.3 million of regulatory assets for 531 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Arizona, California, Florida, New York, and Texas.

Gould Asset Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gould Asset Management: assets under management

The assets under management (AUM) of Gould Asset Management LLC is $521.3 million. The firm's AUM has grown by 604% since the beginning of its operation, and $2.14 million of the total AUM is attributable to clients outside of the United States.

The firm manages $477.55 million in discretionary accounts and $43.76 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $810.32 thousand.

Gould Asset Management has custody of $252.62 million in cash and securities for 193 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 22% of the firm’s portfolio. Investments in government bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gould Asset Management LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gould Asset Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Gould Asset Management is high net worth individuals with 144 clients and $410.66 million of assets under management. Among the 9 most similar advisory firms, Gould Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $521.3 million for 287 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.

Gould Asset Management doesn't advise any private funds.

Careers at Gould Asset Management LLC

The company employs 11 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Paul M Goldensohn	Member	1 Apr 1999	Other	825159
Donald Paul Gould	President and chief compliance officer	1 Apr 1999	75% - 100%	1091473
Paul Mathias Goldensohn	Member	1 Apr 1999	Other	825159
Gould Family Living Trust U/A Dtd 09/30/1997	Revocable trust- class a	1 Apr 1999	75% - 100%	xxx-xx-xxxx
Kelly Glen Kidwell	Member- class b	1 Jul 2002	25% - 50%	1791875
Lorraine Annette Conaway	Member- class b	1 Jul 2002	Other	2104502
Paul M Goldensohn	Member, class b	1 Jul 2002	Other	825159
Gould Family Living Trust U/A Dtd 09/30/1997	Revokable trust- class b	1 Jul 2002	25% - 50%	xxx-xx-xxxx
Thomas Keylon Carr	Senior portfolio manager	1 Jun 2016	Other	2379137
Scott Bradley Smith	Senior portfolio manager	1 Jun 2016	Other	4859160
John Joseph Debiase	Senior portfolio manager	1 Jun 2016	Other	6090948
Thomas Keylon Carr	Member	1 Jul 2016	Other	2379137
Scott Bradley Smith	Member	1 Jul 2016	Other	4859160
John Joseph Debiase	Member	1 Jul 2016	Other	6090948

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Pamela Achilles Gould	Trustee	1 Apr 1999	50% - 75%	4412440

Based in Claremont

The principal office where Gould Asset Management LLC performs its advisory services is located at 341 West First Street, Claremont, CA 91711 4749, 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 909-445-1291 or by fax 909-445-1299. The normal business hours are 8:30 am - 5 pm pacific on Monday - Friday. You can find more information about the New York firm at gouldasset.com.