Griffin Portfolio Management Corp (Farmington Hills)

Name: Griffin Portfolio Management Corp
Address: 30500 Northwestern Hwy., Farmington Hills, MI, 48334
Telephone: 248-865-0518

Griffin Portfolio Management Corp is a large advisory firm based in Farmington Hills. It manages $138.4 million of regulatory assets for 366 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida and Michigan.

Griffin Portfolio Management Corp provides portfolio management for individuals and small businesses and furnishes investment advice through consultations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Griffin Portfolio Management Corp: assets under management

The assets under management (AUM) of Griffin Portfolio Management Corp is $138.4 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 161% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $138.4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $378.15 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 16% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Griffin Portfolio Management Corp for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Timothy Griffin serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Timothy Griffin is individuals with 155 clients and $90.93 million of assets under management. Among the 10 most similar advisory firms, Griffin Portfolio Management Corp has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $136.61 million for 160 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.

Griffin Portfolio Management Corp doesn't advise any private funds.

Careers at Griffin Portfolio Management Corp

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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
Timothy Griffin	President	1 Jan 1993	75% - 100%	1040256
Timothy Griffin	Chief compliance officer, president	1 Jul 2004	75% - 100%	1040256

Based in Farmington Hills

The principal office where Griffin Portfolio Management Corp performs its advisory services is located at 30500 Northwestern Hwy., Farmington Hills, MI 48334, 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 248-865-0518 or by fax 248-865-0662. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at grifport.com.