Lafleur & Godfrey LLC (Grand Rapids)

Name: Lafleur & Godfrey LLC
Address: 2900 Charlevoix Dr. Se, Suite 302, Grand Rapids, MI, 49546
Telephone: 616-942-1580

Lafleur & Godfrey LLC is a large advisory firm based in Grand Rapids. It manages $443.16 million of regulatory assets for 441 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Colorado, Florida, Illinois, and Michigan.

Lafleur & Godfrey provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension 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.

Lafleur & Godfrey: assets under management

The assets under management (AUM) of Lafleur & Godfrey LLC is $443.16 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 14% since the beginning of its operation, and $397.64 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $443.16 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1 million each.

Investments

The firm invests in exchange traded securities the most. They account for 79% of the total AUM. The second-largest asset type is state and local bonds, which make up 8% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Lafleur & Godfrey LLC 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.

What kind of clients Lafleur & Godfrey serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Lafleur & Godfrey is high net worth individuals with 318 clients and $396.28 million of assets under management. Among the 11 most similar advisory firms, Lafleur & Godfrey has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $443.16 million for 441 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.

Lafleur & Godfrey doesn't advise any private funds.

Careers at Lafleur & Godfrey LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Llc Focus Operating	Member (manager)	1 Aug 2013	75% - 100%	20-8161914
Daniel Scott Vantimmeren	Co-president/cfo/cco	1 Aug 2013	Other	1424935
Richard Joseph Godfrey	Co-president & secretary	1 Aug 2013	Other	4352516
John Kenneth Koczara	Co-president & secretary	1 Jun 2017	Other	2193291

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lp Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3540852
Llc Summit Partners Vi (Gp)	General partner	1 Dec 2000	Other	04-3568448
L.P. Summit Ventures Vi A	Member (manager)	1 Jan 2006	25% - 50%	04-3540853
Llc Focus Financial Partners	Member	1 Jan 2007	75% - 100%	16-1728260
L.P. Cp Falcon Aiv	Member	1 Oct 2013	25% - 50%	36-4767158
L.P. Trident Vi Parallel Fund	Member	1 Apr 2017	75% - 100%	98-1132009
Trident Ffp Blocker Llc	Limited partner	1 May 2017	25% - 50%	82-1662776
L.P. Trident Iv	Limited partner	1 May 2017	25% - 50%	98-1131820
L.P. Trident Ffp	Member	1 Jul 2017	25% - 50%	82-1662703
Focus Financial Partners Inc.	Member	1 Jul 2018	75% - 100%	47-4780811

Based in Grand Rapids

The principal office where Lafleur & Godfrey LLC performs its advisory services is located at 2900 Charlevoix Dr. Se, Suite 302, Grand Rapids, MI 49546, 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 616-942-1580 or by fax 616-942-6852. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at lafleurgodfrey.com.