Gofen And Glossberg, L.L.C. (Chicago)

Name: Gofen And Glossberg, L.L.C.
Address: 455 N. Cityfront Plaza Dr., Suite 3200, Chicago, IL, 60611 5345
Telephone: 312-828-1100

Gofen And Glossberg, L.L.C. is a large advisory firm based in Chicago. It manages $4.19 billion of regulatory assets for 3,093 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Connecticut, and 23 other states.

Gofen And Glossberg, L.L.C provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and investment advice through consultations.. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Gofen And Glossberg, L.L.C: assets under management

The assets under management (AUM) of Gofen And Glossberg, L.L.C. is $4.19 billion. The firm's AUM has grown by 20% since the beginning of its operation, and $37.01 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.94 billion in discretionary accounts and $249.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.31 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.57 million.

Gofen And Glossberg, L.L.C has custody of $1.17 billion in cash and securities for 772 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gofen And Glossberg, L.L.C. for their services and products based on a percentage of assets under management and fixed fees. 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 William Gofen serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of William Gofen is high net worth individuals with 886 clients and $2.95 billion of assets under management. Among the 13 most similar advisory firms, Gofen And Glossberg, L.L.C has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.19 billion for 3,093 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.

Gofen And Glossberg, L.L.C doesn't advise any private funds.

Careers at Gofen And Glossberg, L.L.C.

The company employs 27 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. 13 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

William Gofen has been acting as President since 1 May 1997. Hongwu Wang joined the executive team most recently as the L.L.C. Member/Chief Information Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Harold Gofen	L.l.c. member / portfolio manager	1 May 1997	Other	2650366
Joseph Berkson Glossberg	Executive committee member / l.l.c. member / portfolio manager	1 May 1997	Other	2515513
Mark R. Goodman	L.l.c. member / portfolio manager	1 May 1997	Other	4359024
James Gordon Borovsky	Executive committee member / l.l.c. member / portfolio manager	1 May 1997	Other	2595711
Daniel John Sobol	L.l.c. member / portfolio manager	1 May 1997	Other	2511470
John William Myers	L.l.c. member / portfolio manager	1 May 1997	Other	1008112
Peter Behr Kupferberg	Executive committee/l.l.c. member / portfolio manager	1 May 1997	Other	2573519
Charles Samuel Gofen	Executive committee member/l.l.c. member / portfolio manager	1 May 1997	Other	2573514
Michael A. Gawlik	L.l.c. member / portfolio manager	1 May 1997	Other	4359114
William Gofen	President/member	1 May 1997	Other	2650366
James Borovsky	V.p./asst. treasurer/member	1 May 1997	Other	2595711
Daniel Sobol	V.p./asst. secretary/member	1 May 1997	Other	2511470
Steven Birenberg	V.p./member	1 May 1997	Other	2594169
Charles Gofen	V.p./member	1 May 1997	Other	2573514
Gail Cecelia Scully	V.p./member	1 May 1997	Other	4359099
Inc. Affiliated Managers Group	Manager member	1 May 1997	50% - 75%	04-3218510
Steven Perry Birenberg	L.l.c. member / portfolio manager	1 May 1997	Other	2594169
Llc Amg/Midwest Holdings	Manager member	1 May 1997	50% - 75%	04-3444545
Thomas Michael Deske	Compliance officer	1 Jul 1998	Other	1571249
Mark Brown	General counsel	1 Jul 1999	Other	2669689
Michael Joseph Stelmacki	Executive committee member/l.l.c. member / research director	1 Jun 2000	Other	2795002
Allen Curtis Berg	Chief operating officer	1 May 2001	Other	1536438
Mark Brown	L.l.c. member / general counsel/chief compliance officer	1 Sep 2005	Other	2669689
Jonathan Todd Vree	L.l.c. member/portfolio manager	1 Jul 2009	Other	5695171
Mary Patricia Burke	L.l.c. member/senior research analyst	1 Jul 2009	Other	2015656
Hongwu Wang	L.l.c. member/chief information officer	1 Jul 2016	Other	6770115

Based in Chicago

The principal office where Gofen And Glossberg, L.L.C. performs its advisory services is located at 455 N. Cityfront Plaza Dr., Suite 3200, Chicago, IL 60611 5345, 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 312-828-1100 or by fax 312-828-9685. The normal business hours are 8:30 am to 5:00 pm central time on Monday - Friday. You can find more information about the New York firm at gofen.com.