Goodnow Investment Group LLC (Darien)

Name: Goodnow Investment Group LLC
Address: 9 Old King's Highway South, Darien, CT, 06820
Telephone: 203-655-6272

Goodnow Investment Group LLC is a large advisory firm based in Darien. It manages $614.73 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Connecticut.

Goodnow Investment Group provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Goodnow Investment Group: assets under management

The assets under management (AUM) of Goodnow Investment Group LLC is $614.73 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2% since the beginning of its operation, and $1.64 million of the total AUM is attributable to clients outside of the United States.

The firm manages $614.73 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $614.73 million each.

Goodnow Investment Group has custody of $615.02 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Goodnow Investment Group LLC for their services and products based on a percentage of assets under management and performance-based fees. 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 Goodnow Investment Group serves?

The only and largest group of clients of Goodnow Investment Group is pooled investment vehicles with 6 clients and $614.73 million of assets under management. Among the 11 most similar advisory firms, Goodnow Investment Group has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $614.73 million for 6 clients. 1% of the firm’s clients are foreign persons or businesses.

Goodnow Investment Group also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Goodnow Investment Group LLC

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No 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
Edward Barr Goodnow	Member	1 Jun 2005	Other	2016685
Randall Matthew Heck	Member	1 Jun 2005	25% - 50%	1288677
Bradley James Purcell	Member	1 Jun 2005	25% - 50%	1968117
Peter John Gavey	Chief compliance officer	1 Jun 2005	Other	1965618
Matthew J Cosciello	Member	1 Jun 2005	Other	5059011
Patrick Ferullo	Member	1 Jan 2010	Other	6157666
Samuel Joseph Lehr	Member	1 Jan 2011	Other	2394886
Michael T Moore	Member	1 Dec 2018	Other	7081413

Based in Darien

The principal office where Goodnow Investment Group LLC performs its advisory services is located at 9 Old King's Highway South, Darien, CT 06820, 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 203-655-6272 or by fax 203-655-7351. The normal business hours are 8:00 am to 5:30 pm on Monday - Friday. You can find more information about the New York firm at goodnow.com.