Goldstein Munger + Associates (San Ramon)

Name: Goldstein Munger + Associates
Address: 18 Crow Canyon Court, San Ramon, CA, 94583 1786
Telephone: 925-552-1400

Goldstein Munger + Associates is a large advisory firm based in San Ramon. It manages $560.62 million of regulatory assets for 314 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of California.

Goldstein Munger + Associates provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Goldstein Munger + Associates: assets under management

The assets under management (AUM) of Goldstein Munger + Associates is $560.62 million. The firm's AUM has grown by 165% since the beginning of its operation, and $4.52 million of the total AUM is attributable to clients outside of the United States.

The firm manages $504.5 million in discretionary accounts and $56.13 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.64 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.02 million.

Goldstein Munger + Associates has custody of $31.74 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 52% of the total AUM. The second-largest asset type is exchange traded securities, which make up 47% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Goldstein Munger + Associates 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 Goldstein Munger + Associates serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Goldstein Munger + Associates is high net worth individuals with 53 clients and $378.72 million of assets under management. Among the 6 most similar advisory firms, Goldstein Munger + Associates has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $560.62 million for 105 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Goldstein Munger + Associates doesn't advise any private funds.

Careers at Goldstein Munger + Associates

The company employs 7 people that are either part- or full-time employees. 29 percent of the employees work as investment advisers or researchers. 2 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.

David Kwok Wai Woo joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Michael Goldstein	Chief executive officer/chief compliance officer	1 Jan 1996	50% - 75%	2564071
Richard Goldstein	Chief executive officer	1 Jan 1996	Other	2564071
Robert Morris Goldstein	Shareholder	1 Jan 1996	Other	4369848
Thomas Joseph Enright	Shareholder	1 Jan 1996	Other	4369850
Robert Glenn Munger	Vice president, vp compliance	1 Oct 1998	50% - 75%	4369842
David Kwok Wai Woo	Shareholder	1 Jun 2000	Other	4369860

Based in San Ramon

The principal office where Goldstein Munger + Associates performs its advisory services is located at 18 Crow Canyon Court, San Ramon, CA 94583 1786, 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 925-552-1400 or by fax 925-552-8205. The normal business hours are 9:00 a.m. - 6:00 p.m. on Monday - Friday. You can find more information about the New York firm at goldsteinmunger.com.