Fee-based advisory firm Gilder Gagnon Howe & Co., LLC (GGHC) has 24 advisors managing more than $9.4 billion in assets under management (AUM). The financial advisor primarily offers portfolio management to fewer than 7,300 clients. The firm is headquartered in New York.
Gilder Gagnon Howe & Co., LLC Background
Founded in 1968, GGHC operates as a registered investment advisor (RIA) and registered broker-dealer. The independent firm also works with National Financial Services (NFS) to provide clearing brokerage and custodial services.
Gilder Gagnon Howe & Co., LLC Client Types and Minimum Account Sizes
GGHC extends its advisory services to individuals, pension and profit sharing plans, trusts, estates, charitable organizations, partnerships, limited liability companies (LLCs), corporations and investment clubs.
The firm generally doesn’t impose a minimum account size requirement.
Services Offered by Gilder Gagnon Howe & Co., LLC
GGHC primarily provides investment advisory services. If you’re looking for a firm that offers other advisory services, consider using our free financial advisor matching service.
Gilder Gagnon Howe & Co., LLC Investment Philosophy
GGHC's website says its advisors utilize research-based strategies that generate long-term returns on investments. The firm’s website also touts its belief that there’s no such thing as safe stock and that capital growth can only be achieved through patience.
The firm’s investment strategies are heavily based on research, and advisors commonly employ technical and fundamental analysis when evaluating securities. GGHC’s investment strategies also include long- and short-term purchases, trading, option transactions, short sales and margin transactions.
Fees Under Gilder Gagnon Howe & Co., LLC
For investment advisory services, GGHC specifies the compensation structure in each client’s investment advisory agreement. The firm charges commissions for non-retirement account transactions, and it charges retirement accounts asset-based wrap fees. The commission rates for non-retirement accounts range from 2.0% to 0.5% for assets from $0 to $10,000,000. Asset-based fees for retirement accounts range from 3% to 2.5% for asset value client accounts, and the firm charges 1.5% for asset value employee accounts below $1,000,000. GGHC charges 1.25% for accounts with assets above that value.
For margin accounts, the firm requires clients to pay NFS interest on margin loans. For certain accounts where NFS acts as a custodian, NFS charges a termination fee of $125 if a client closes the account.
What to Watch Out For
GGHC can earn additional compensation from its brokerage services, creating a conflict of interest if advisors become incentivized to recommend commission-based products over client needs. Even though the firm has a fiduciary duty to serve each client’s best interest, it’s important to keep this in mind.
The firm also solely provides investment management services, so you’ll want to consider other financial advisors if you’re looking for other services such as financial planning.
Opening an Account With Gilder Gagnon Howe & Co., LLC
The firm offers three options for getting in touch. You can either reach out through the firm's informational email, fill out its website’s contact form or set up an appointment with an advisor by calling the firm at 1-212-765-2500.
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All information was accurate as of the writing of this article.