Godsey & Gibb Inc (Richmond)

Name: Godsey & Gibb Inc
Address: 6806 Paragon Pl, Ste 230, Richmond, VA, 23230
Telephone: 804-285-7333

Godsey & Gibb Inc is a large advisory firm based in Richmond. It manages $821.76 million of regulatory assets for 1,349 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Arizona, California, and 22 other states.

Godsey & Gibb provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Godsey & Gibb: assets under management

The assets under management (AUM) of Godsey & Gibb Inc is $821.76 million. The firm's AUM has grown by 120% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $819.8 million in discretionary accounts and $1.96 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $611.34 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $244.89 thousand.

Godsey & Gibb has custody of $77.63 million in cash and securities for 63 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 69% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 19% of the firm’s portfolio. Investments in investment and business development companies form 6% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Godsey & Gibb Inc for their services and products based on a percentage of assets under management. 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 Brian Yates Gibb serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Brian Yates Gibb is high net worth individuals with 260 clients and $586.26 million of assets under management. Among the 7 most similar advisory firms, Godsey & Gibb has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $821.76 million for 603 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.

Godsey & Gibb doesn't advise any private funds.

Careers at Godsey & Gibb Inc

The company employs 23 people that are either part- or full-time employees. 48 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Brian Yates Gibb has been acting as President since 1 Jan 2014. Michael Reilly Gibb joined the executive team most recently as the Trustee / President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Frank Bowers Gibb	President/treasurer	1 Feb 1985	50% - 75%	1713202
Ephraim Ulmer	Vice president/secretary/trustee	1 Oct 1998	25% - 50%	822497
Kenith Burrow	Chief compliance officer	1 Jan 2008	Other	5498984
Brian Gibb	Chief compliance officer	1 Aug 2009	Other	5441955
Stacy Moore Dodson	Chief financial officer	1 Dec 2011	Other	6048798
Brian Yates Gibb	President/trustee/cco	1 Jan 2014	Other	5441955
Michael Reilly Gibb	Trustee	1 Jan 2014	Other	6017943
James Henry Mcintosh	Chief executive officer	1 Jan 2014	Other	6296355
The Gibb Family Stock Trust	Trust	1 Jan 2014	50% - 75%	xxx-xx-xxxx
Danny Lee Savage	Managing director	1 Aug 2014	Other	2232727
Cynthia Cornell Ellis	Chief compliance officer	1 Apr 2016	Other	6636286
Cynthia C Ellis	Chief compliance officer	1 Apr 2016	Other	6636286
Michael Reilly Gibb	Trustee / vice president	1 Jan 2017	Other	6017943
James Henry Mcintosh	Chief executive officer and president	1 Jan 2017	Other	6296355
Marc Anthony Verdi	Chief financial officer	1 Jan 2018	Other	5485381
Michael Reilly Gibb	Trustee / president	1 Dec 2018	Other	6017943

Based in Richmond

The principal office where Godsey & Gibb Inc performs its advisory services is located at 6806 Paragon Pl, Ste 230, Richmond, VA 23230, which is also the mailing address of the firm. An additional office of the firm is in Greenville, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-285-7333 or by fax 804-285-9268. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at godseyandgibb.com.