Friess Associates, LLC is a large advisory firm based in Jackson. It manages $1.4 billion of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2001.
Friess Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Friess Associates, LLC is $1.4 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Friess Associates, 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Foster Stephen Friess is investment companies with 4 clients and $1.31 billion of assets under management. Among the 10 most similar advisory firms, Friess Associates has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $1.32 billion for 5 clients. None of the firm’s clients are foreign persons or businesses.
Friess Associates also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
Foster Stephen Friess has been acting as President since 1 Oct 1980. William Frederick Dalonzo has served as the Chief Investment Officer since 1 Oct 2001. James Gordon Kaiser joined the executive team most recently as the Retired Partner.
The principal office where Friess Associates, LLC performs its advisory services is located at 115 E. Snow King Ave., Jackson, WY 83001 The mailing address of the firm is P.O. Box 576, Jackson, WY 83001. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 307-739-9699 or by fax 307-734-1973. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at friess.com.