Gardey Financial Advisors Inc (Saginaw)

Name: Gardey Financial Advisors Inc
Address: 100 Harrow Lane, Saginaw, MI, 48638
Telephone: 989-791-3880

Gardey Financial Advisors Inc is a large advisory firm based in Saginaw. It manages $166.02 million of regulatory assets for 634 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Colorado, Florida, Georgia, and Michigan.

Gardey Financial Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gardey Financial Advisors: assets under management

The assets under management (AUM) of Gardey Financial Advisors Inc is $166.02 million. The firm's AUM has gone down by -3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $141.06 million in discretionary accounts and $24.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $242.79 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $470.91 thousand.

Gardey Financial Advisors has custody of $11.94 million in cash and securities for 70 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 82% of the total AUM. The second-largest asset type is exchange traded securities, which make up 7% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Gardey Financial Advisors Inc 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 Gardey Financial Advisors serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Gardey Financial Advisors is high net worth individuals with 94 clients and $141.39 million of assets under management. Among the 6 most similar advisory firms, Gardey Financial Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $166.02 million for 193 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.

Gardey Financial Advisors doesn't advise any private funds.

Careers at Gardey Financial Advisors Inc

The company employs 16 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 5 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
Ashley Marie Ciolek	Chief compliance officer	1 May 2004	Other	5029424
Jonathan Mcneill Gardey	President and ceo, sole shareholder	1 Dec 2016	75% - 100%	5030529

Based in Saginaw

The principal office where Gardey Financial Advisors Inc performs its advisory services is located at 100 Harrow Lane, Saginaw, MI 48638, 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 989-791-3880 or by fax 989-791-4572. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at gardey.com.