{
  "crd_number": 142917,
  "slug": "gifford-fong-associates-lafayette-ca-142917",
  "primary_business_name": "GIFFORD FONG ASSOCIATES",
  "legal_name": "GIFFORD FONG ASSOCIATES",
  "dbas": [],
  "city": "Lafayette",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41860",
  "metro": {
    "cbsa_code": "41860",
    "common_name": "San Francisco",
    "msa_name": "San Francisco-Oakland-Fremont, CA",
    "path": "/advisors/ca/san-francisco"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2007-02-22",
  "years_registered": 19,
  "period": "2026-10-01",
  "filing_date": "2026-03-06",
  "carried_forward": false,
  "raum_total": 516963144.0,
  "raum_discretionary": 516963144.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 10,
  "advisory_employees": 5,
  "client_count_bucket": null,
  "clients_by_type": {
    "state_municipal": {
      "raum": 516963144.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://gfong.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/142917",
  "city_as_filed": "LAFAYETTE",
  "url": "https://advisorcensus.com/firm/gifford-fong-associates-lafayette-ca-142917",
  "display_name": "Gifford Fong Associates",
  "summary": "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.",
  "citation": "AdvisorCensus. Gifford Fong Associates (CRD 142917): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Gifford Fong Associates compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Gifford Fong Associates reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Gifford Fong Associates located?",
      "a": "Gifford Fong Associates' principal office is in Lafayette, CA, according to its Form ADV."
    },
    {
      "q": "Is Gifford Fong Associates registered with the SEC or a state?",
      "a": "Gifford Fong Associates is an SEC-registered investment advisory firm, registered since 2007. Status as filed: Approved. CRD 142917."
    },
    {
      "q": "How much does Gifford Fong Associates manage?",
      "a": "Gifford Fong Associates reports $516,963,144 in regulatory assets under management in its Form ADV filing dated March 6, 2026 (100% discretionary)."
    },
    {
      "q": "How have Gifford Fong Associates' assets and staff changed since 2021?",
      "a": "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."
    },
    {
      "q": "What types of clients does Gifford Fong Associates serve?",
      "a": "By number of clients on Form ADV Item 5.D: state or municipal government entities (including government pension plans) (1)."
    },
    {
      "q": "Does Gifford Fong Associates report any disciplinary disclosures?",
      "a": "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"
    },
    {
      "q": "Does Gifford Fong Associates state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 6, 2026 says: \"Account Minimums $10 Million.\""
    },
    {
      "q": "What changed in Gifford Fong Associates' recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $418,639,154 to $516,963,144 (+23%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 432440676.0,
      "total_employees": 12,
      "filing_date": "2021-02-12"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 572353069.0,
      "total_employees": 11,
      "filing_date": "2022-01-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 438095900.0,
      "total_employees": 10,
      "filing_date": "2023-01-24"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 471866324.0,
      "total_employees": 10,
      "filing_date": "2024-01-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 418639154.0,
      "total_employees": 10,
      "filing_date": "2025-03-26"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 516963144.0,
      "total_employees": 10,
      "filing_date": "2026-03-06"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $418,639,154 to $516,963,144 (+23%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 6, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$10,000,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $10,000,000"
        ],
        "quotes": [
          "Account Minimums $10 Million."
        ]
      }
    ],
    "quotes": [
      "Account Minimums $10 Million."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/gifford-fong-associates-lafayette-ca-142917.md",
  "clients": [
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 516963144.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/142917",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}