Friess Associates, LLC (Jackson)

Name: Friess Associates, LLC
Address: 115 E. Snow King Ave., Jackson, WY, 83001
Telephone: 307-739-9699

Friess Associates, LLC is a large advisory firm based in Jackson. It manages $1.4 billion of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2001.

Friess Associates provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Friess Associates: assets under management

The assets under management (AUM) of Friess Associates, LLC is $1.4 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -82% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.4 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $73.88 million each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Friess Associates, LLC 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 Foster Stephen Friess serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Foster Stephen Friess is investment companies with 4 clients and $1.31 billion of assets under management. Among the 10 most similar advisory firms, Friess Associates has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.32 billion for 5 clients. None of the firm’s clients are foreign persons or businesses.

Friess Associates also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Friess Associates, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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.

Foster Stephen Friess has been acting as President since 1 Oct 1980. William Frederick Dalonzo has served as the Chief Investment Officer since 1 Oct 2001. James Gordon Kaiser joined the executive team most recently as the Retired Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Foster Stephen Friess	President	1 Oct 1980	Other	2127167
Lynnette Estes Friess	Secretary/treasurer	1 Oct 1980	Other	4345827
Inc. Friess Associates	Member	1 Jun 2001	75% - 100%	107735
Nccf Support Inc.	Member	1 Jun 2001	Other	58-2268010
The Community Foundation Of Jackson Hole	Member	1 Jun 2001	Other	83-0308856
David Duffield Marky	Chief compliance officer & coo	1 Oct 2001	Other	4345830
Francis John Okoniewski	Research team leader	1 Oct 2001	Other	6631003
Inc. Fa (Wy) Acquisition Co.	Managing member	1 Oct 2001	50% - 75%	04-3582833
Christopher Gary Long	Chief operations officer	1 Oct 2001	Other	4345874
Lynda Johnson Campbell	Chief administrative officer	1 Oct 2001	Other	4478647
John Phillip Ragard	Management committee member	1 Oct 2001	Other	4478710
William Frederick Dalonzo	Chief investment officer	1 Oct 2001	Other	2698611
Jonathan Stabler Fenn	Management committee member	1 Oct 2001	Other	1172609
Andrea Jean Dalton Lee	Research team leader	1 Jan 2002	Other	2603852
William Frederick Dalonzo	Chief executive officer	1 Feb 2002	Other	2698611
Peter Francis Diamond	Researcher	1 Jun 2010	Other	4690084
Peter F. Diamond	Researcher	1 Jun 2010	Other	4690084
Joseph James Fields	Management committee member	1 Mar 2011	Other	1237570
James Gordon Kaiser	Management committee member	1 Mar 2011	Other	5904459
Scott Wilson Gates	Management committee member	1 Mar 2011	Other	2122919
Matthew R. Williams	Researcher	1 Jul 2012	Other	4859001
Scott Wilson Gates	Cio	1 Dec 2012	Other	2122919
Jennifer Wilson Sparks	Research team leader	1 Jan 2013	Other	6631008
William Frederick Dalonzo	Chairman	1 Oct 2013	Other	2698611
Haley Allen David	Research team leader	1 Jan 2015	Other	6631012
James Gordon Kaiser	Retired partner	1 Mar 2018	Other	5904459

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Affiliated Managers Group	Sole shareholder of managing member	1 Oct 2001	75% - 100%	04-3218510

Based in Jackson

The principal office where Friess Associates, LLC performs its advisory services is located at 115 E. Snow King Ave., Jackson, WY 83001 The mailing address of the firm is P.O. Box 576, Jackson, WY 83001. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 307-739-9699 or by fax 307-734-1973. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at friess.com.