AdvisorCensus / Financial advisors / California / San Francisco / Gifford Fong Associates
Gifford Fong Associates is an SEC-registered investment advisory firm in Lafayette, CA, registered since 2007, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 6, 2026.
Quick answers
From the filingHow is Gifford Fong Associates compensated?
On its Form ADV (Item 5.E, October 2026), Gifford Fong Associates reports these compensation arrangements: a percentage of assets under its management.
Where is Gifford Fong Associates located?
Gifford Fong Associates' principal office is in Lafayette, CA, according to its Form ADV.
Is Gifford Fong Associates registered with the SEC or a state?
Gifford Fong Associates is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 142917.
How much does Gifford Fong Associates manage?
Gifford Fong Associates reports $516,963,144 in regulatory assets under management in its Form ADV filing dated March 6, 2026 (100% discretionary).
How have Gifford Fong Associates' assets and staff changed since 2021?
In the Form ADV data for Gifford Fong Associates: Regulatory assets under management: $432,440,676 in the October 2021 data and $516,963,144 in the October 2026 data, up 20%. Total employees: 12 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Gifford Fong Associates serve?
By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (1).
Does Gifford Fong Associates report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/142917
Does Gifford Fong Associates state an account minimum?
Its Form ADV Part 2A brochure dated March 6, 2026 says: "Account Minimums $10 Million."
What changed in Gifford Fong Associates' recent Form ADV filings?
In the April 2026 filing data: Regulatory assets under management went from $418,639,154 to $516,963,144 (+23%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: $10,000,000
The brochure's wording
Account Minimums $10 Million.
As stated in the firm's Form ADV Part 2A brochure dated March 6, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$516,963,144 as of October 2026, filing dated March 6, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2007 (19 years)
- Employees
- Total: 10. Performing investment advisory functions: 5.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $516,963,144 | 10 | March 6, 2026 |
| October 2025 | $418,639,154 | 10 | March 26, 2025 |
| October 2024 | $471,866,324 | 10 | January 29, 2024 |
| October 2023 | $438,095,900 | 10 | January 24, 2023 |
| October 2022 | $572,353,069 | 11 | January 25, 2022 |
| October 2021 | $432,440,676 | 12 | February 12, 2021 |
Regulatory assets under management: $432,440,676 in the October 2021 data and $516,963,144 in the October 2026 data, up 20%.
Total employees: 12 in October 2021 and 10 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Regulatory assets under management went from $418,639,154 to $516,963,144 (+23%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Gifford Fong Associates (CRD 142917): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/gifford-fong-associates-lafayette-ca-142917