Goodman Advisory Group, LLC (Needham)

Name: Goodman Advisory Group, LLC
Address: 197 First Avenue,, Needham, MA, 02494
Telephone: (781) 559-0320

Goodman Advisory Group, LLC is a large advisory firm based in Needham. It manages $201.09 million of regulatory assets for 706 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Florida, Massachusetts, New Hampshire, and Texas.

Goodman Advisory Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Goodman Advisory Group: assets under management

The assets under management (AUM) of Goodman Advisory Group, LLC is $201.09 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $201.09 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $284.82 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is investment and business development companies, which make up 29% of the firm’s portfolio. Investments in non-exchange traded securities form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Goodman Advisory Group, LLC 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 Goodman Advisory Group 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 Goodman Advisory Group is high net worth individuals with 59 clients and $135.38 million of assets under management. Among the 10 most similar advisory firms, Goodman Advisory Group has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $201.09 million for 329 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.

Goodman Advisory Group doesn't advise any private funds.

Careers at Goodman Advisory Group, LLC

The company employs 7 people that are either part- or full-time employees. 71 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.

Deborah Nicole Goodman joined the executive team most recently as the Managing Member, President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Deborah Nicole Goodman	Managing member, president and chief compliance officer	1 Oct 2016	75% - 100%	5331474
Deborah N Goodman	Managing member, president and chief compliance officer	1 Oct 2016	75% - 100%	5331474
Steven Martin Goodman	Chief executive officer	1 Sep 2017	Other	1826850

Based in Needham

The principal office where Goodman Advisory Group, LLC performs its advisory services is located at 197 First Avenue,, Needham, MA 02494, 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 (781) 559-0320. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at goodmanadvisorygroup.com.