M. Griffith Investment Services, Inc. (New Hartford)


M. Griffith Investment Services, Inc. is a large advisory firm based in New Hartford. It manages $1.5 billion of regulatory assets for 2,931 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 31 other states.

M. Griffith Investment Services provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

M. Griffith Investment Services: assets under management

The assets under management (AUM) of M. Griffith Investment Services, Inc. is $1.5 billion. The firm's AUM has grown by 970% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $682.07 million in discretionary accounts and $820.6 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $434.44 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $602.94 thousand.
M. Griffith Investment Services has custody of $905.83 million in cash and securities for 2,900 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 72% of the total AUM. The second-largest asset type is exchange traded securities, which make up 25% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay M. Griffith Investment Services, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Thomas Griffith 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 David Thomas Griffith is pension and profit sharing plans with 29 clients and $596.3 million of assets under management. Among the 8 most similar advisory firms, M. Griffith Investment Services has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $1.5 billion for 2,931 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.

M. Griffith Investment Services doesn't advise any private funds.

Careers at M. Griffith Investment Services, Inc.

The company employs 21 people that are either part- or full-time employees. 81 percent of the employees work as investment advisers or researchers. 17 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.

David Thomas Griffith has been acting as President since 1 May 1973. Janet Nelson Griffith joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Thomas Griffith Financial and operations principal 1 Jul 1968 Other 230042
David Thomas Griffith Director 1 Jan 1973 Other 230042
David Thomas Griffith President 1 May 1973 Other 230042
Mary Elizabeth Ford Corporate secretary 1 May 1994 Other 2070160
Michael Emlyn Evans Vice president 1 Dec 1994 Other 1307113
Michael Thaddeus Beck Vice president 1 Apr 1998 Other 3072657
David Thomas Griffith Chief compliance officer 1 Nov 2004 Other 230042
Mgl Associates Inc. Shareholder 1 Mar 2005 75% - 100% 20-2414223
Catherine Ann Cucharale Chief operating officer 1 Mar 2005 Other 3054881
William Fox Locke President - investment management division 1 Apr 2005 Other 1574382
Catherine Ann Cucharale Chief compliance officer 1 Oct 2011 Other 3054881
Catherine Ann Cucharale Director 1 Apr 2012 Other 3054881
Mary Lourdes Gurtowski Corporate secretary 1 Jan 2015 Other 4649655
Janet Nelson Griffith Director 1 Dec 2015 Other 6886551

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
David Thomas Griffith Shareholder 1 Dec 2004 50% - 75% 230042
M. Griffith Investment Services Employee Stock Ownership Plan Shareholder 1 Jun 2012 25% - 50% 45-5116782

Based in New Hartford

The principal office where M. Griffith Investment Services, Inc. performs its advisory services is located at 555 French Rd, New Hartford, NY 13413 0895, 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 315-797-0130 or by fax 315-797-1872. The normal business hours are 8:30am - 5:00pm on Monday - Friday. You can find more information about the New York firm at mgriffithinc.com.

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