Gilford Financial Corp. (New York)

Gilford Financial Corp. is a mid-sized advisory firm based in New York. It manages $80.74 million of regulatory assets for 364 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, California, Connecticut, and 8 other states.

Gilford Financial Corp provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gilford Financial Corp: assets under management

The assets under management (AUM) of Gilford Financial Corp. is $80.74 million. The firm's AUM has grown by 125% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $60.79 million in discretionary accounts and $19.95 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $250.17 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $164.9 thousand.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Gilford Financial Corp. for their services and products based on a percentage of assets under management. 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.

Careers at Gilford Financial Corp.

Ralph Worthington has been acting as President since 1 Jan 1999. Daniel Cole Callaway joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Andrew Maley	Treasurer and director, president & ceo	1 Jan 1999	Other	2442794
Bonnie Jane Edelman Sachs	Director, coo, cfo,	1 Jan 1999	Other	725100
Gilford Securities Incorporated	Shareholder	1 Jan 1999	75% - 100%	8076
Ralph Worthington	Director	1 Jan 1999	Other	472943
Richard William Granahan	Coo	1 Jan 1999	Other	1041126
Richard William Granahan	Chief compliance officer	1 Jan 2008	Other	1041126
Nicholas John Twining	Chief compliance officer	1 Sep 2009	Other	4854416
Nancy Maisto	Chief compliance officer	1 May 2010	Other	2580089
Henry Sanchez	Chief compliance officer	1 Jan 2011	Other	4711576
Catalano John	Chief compliance officer	1 Jan 2011	Other	4711576
John Frank Catalano	Chief compliance officer	1 Apr 2011	Other	2873076
Henry Sanchez	Chief compliance officer	1 Aug 2011	Other	4711576
Francis Daniel Rawdon	Chief compliance officer	1 Mar 2012	Other	4633188
Daniel Cole Callaway	Chief compliance officer	1 Sep 2013	Other	2885176
Ralph Worthington	Director and chief compliance officer	1 Aug 2015	Other	472943

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lennox Securities	Na	1 Apr 1980	50% - 75%	13-3027093
Gilford Securities Incorporated	Shareholder	1 Aug 1984	75% - 100%	13-2997507
Ralph Worthington	Sh	1 Jun 2001	50% - 75%	472943
Hugh Robert Holmes	Sh	1 Jun 2001	25% - 50%	248997
Ralph Worthington	Director	1 Nov 2012	25% - 50%	472943

Based in New York

The principal office where Gilford Financial Corp. performs its advisory services is located at 750 Third Ave, New York, NY 10017, which is also the mailing address of the firm. An additional office of the firm is in Westhampton Beach, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-888-6400 or by fax 212-826-9010. The normal business hours are 9:00am-5:00pm on Monday - Friday.