G&G Planning Concepts, Inc. (New York)

Name: G&G Planning Concepts, Inc.
Address: 9 East 40 Th Street, New York, NY, 10016
Telephone: 212-221-7067

G&G Planning Concepts, Inc. is a mid-sized advisory firm based in New York. It manages $39.99 million of regulatory assets for 95 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Colorado and New York.

G&G Planning Concepts provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, educational seminars and workshops, and general consultation services, seminars and speaking engagements. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

G&G Planning Concepts: assets under management

The assets under management (AUM) of G&G Planning Concepts, Inc. is $39.99 million. The firm's AUM has gone down by -10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $19.48 million in discretionary accounts and $20.51 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $341.72 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $539.74 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in investment grade corporate bonds form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay G&G Planning Concepts, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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 G&G Planning Concepts serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of G&G Planning Concepts is high net worth individuals with 26 clients and $31.11 million of assets under management. Among the 3 most similar advisory firms, G&G Planning Concepts has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $39.99 million for 56 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.

G&G Planning Concepts doesn't advise any private funds.

Careers at G&G Planning Concepts, Inc.

The company employs 3 people that are either part- or full-time employees. 100 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Lee Gassman	Member and chief compliance officer	1 Feb 2006	75% - 100%	5103592

Based in New York

The principal office where G&G Planning Concepts, Inc. performs its advisory services is located at 9 East 40 Th Street, New York, NY 10016, 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 212-221-7067 or by fax 585-625-0830. The normal business hours are 9:00 - 4:30 et on Monday - Friday. You can find more information about the New York firm at gassmanfg.com.