Friess Associates, LLC (Jackson)


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.