Griffin Asset Management

What Griffin Asset Management does

Griffin Asset Management is a privately held, SEC-registered investment advisor founded in 1995 by Tom Famigletti and headquartered at 230 Park Avenue in New York City. The firm manages over $1 billion in assets on behalf of high-net-worth individuals, families, institutions, and foundations, offering five core equity strategies — Core Dividend Growth, Growth at a Reasonable Price, Covered Call, Enhanced Equity Income, and Full Cycle — each delivered through separately managed accounts (SMAs) customized to the client's risk profile and objectives. Griffin also provides integrated wealth planning services covering estate planning, tax planning, philanthropy, insurance, and retirement planning.

The firm's underlying investment engine is built on proprietary quantitative and qualitative screening algorithms (notably in the GARP strategy, where 25-35 stocks are selected from a universe of 10,000 securities) and on partnerships such as the 2024 licensing agreement with Hedgeye Asset Management that powers the Full Cycle Strategy via Hedgeye's Quad Model and Price/Risk Range signals. Revenue is generated through asset-based management fees on AUM, positioned by the firm as transparent and below industry average, with a free initial financial plan analysis offered as the primary acquisition funnel. Distribution is direct and relationship-led, supported by content marketing, quarterly market commentary, email newsletters, and an online Calendly scheduling workflow.

Operationally, Griffin runs as a partnership with 11-50 employees and a senior team averaging more than 25 years of industry experience, including Tom Famigletti (50+ years), Michael Jamison (30+), Doug Famigletti, CFA (25+), John Carey (40+), and Carl Morganstein (45+). The firm reports 95% client retention since inception, has no parent company or subsidiaries, and has historically grown through partner additions (Doug in 1999, Michael Jamison and John Carey in subsequent years) and selective senior hires including a dedicated Head of Marketing in 2018 and a Managing Director of business development in 2024.

Name

Griffin Asset Management

Legal name

Griffin Asset Management

Website

https://griffinasset.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Griffin Asset Management is a privately held SEC-registered investment advisor founded in 1995 that manages over $1 billion for high-net-worth individuals, families, institutions, and foundations through five customized equity strategies and wealth planning services.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

akta.pro secondary industry

Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Wealth management services
• Separately managed accounts
• Investment advisory services
• Dividend growth investing
• Financial planning services

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Asset Management Fees: The firm generates revenue through management fees charged on assets under management. As an SEC Registered Investment Advisor, they manage over $1 billion in assets for clients. The firm emphasizes transparent fees that are below the industry average.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Griffin Asset Management is a New York-based SEC Registered Investment Advisor that delivers customized separately managed account (SMA) investment strategies to high-net-worth individuals, families, institutions, and foundations globally. The firm offers five named equity strategies (Core Dividend Growth, Growth at a Reasonable Price, Covered Call, Enhanced Equity Income, and Full Cycle Strategy) combined with fixed income, preferred stocks, and cash alternatives, alongside a wealth planning practice covering estate, tax, retirement, philanthropy, and insurance planning. All client portfolios are individually constructed to each client's risk profile and tax situation, with assets under management exceeding $1 billion.

Product overview

Griffin Asset Management offers a platform of separately managed account investment strategies combined with wealth planning services. The core investment offerings include five named strategies: Core Dividend Growth (value-oriented dividend investing), Growth at a Reasonable Price (GARP approach), Covered Call Strategy (options-based income), Enhanced Equity Income (covered calls on quality stocks), and Full Cycle Strategy (Hedgeye partnership model). These are complemented by comprehensive wealth planning services covering estate planning, tax planning, philanthropy, insurance, and retirement planning. All client strategies are managed in separate accounts with the option for customized portfolio construction.

Differentiator

Problem solved

Functional benefit

Products and services

• Core Dividend Growth A value-oriented dividend growth equity strategy that invests primarily in large and mid-capitalization dividend-paying stocks conservatively financed and trading at a discount to intrinsic value, targeting long-term capital appreciation and income for clients seeking dividend growers with sustainable competitive advantages.
• Growth at a Reasonable Price A GARP strategy that uses proprietary algorithms to identify and purchase undervalued companies with consistent and sustainable profit growth, selecting 25-35 stocks from a universe of 10,000 securities through rigorous quantitative and qualitative research for clients seeking growth at a reasonable price.
• Covered Call Strategy An options-based income strategy that invests in dividend-paying companies and actively writes covered calls to generate income and limit downside volatility, targeting two income streams (dividend income and options premium) for clients seeking defensive equity exposure with growth.
• Enhanced Equity Income An enhanced equity income strategy that identifies undervalued businesses with solid balance sheets and defensible competitive advantages, then utilizes covered call option writing to maximize income streams in a risk-averse manner for income-focused clients.
• Full Cycle Strategy

Quantifiable outcome

• 95% client retention rate since company inception in 1995

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• Hedgeye Asset ManagementcoreStrategic or Co-development Partner · 14 January 2025Hedgeye Asset Management entered into a portfolio consulting and licensing agreement with Griffin Asset Management. Under this agreement, HAM provides Griffin with its Full Cycle Strategy—a long-only model portfolio leveraging ETFs and stocks that integrates Hedgeye's proprietary Quad Model, Price Signals, Risk Range Signals, and Analyst Opinions into a rules-based framework. Griffin Asset Management is responsible for the product's advisory and operational responsibilities. The Full Cycle Investment Strategy launched in 2024 through this strategic partnership.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Bessemer Trust: Privately held multi-family office serving HNW and ultra-HNW families with discretionary portfolio management, wealth planning, and bespoke services — directly comparable to Griffin's HNW-focused SMA-plus-planning model, though at materially larger scale (>$200B AUM).
• Fiduciary Trust International: Independent, privately held wealth manager offering discretionary investment management, trust, and estate services to HNW families and institutions — direct competitor in the customized SMA and wealth planning space where Griffin's recent BD hire Tom Loizeaux previously spent 18 years.
• Lebenthal Asset Management: NYC-based wealth and asset manager serving HNW families and institutions with active equity strategies and wealth planning — direct peer and prior employer of multiple Griffin partners (Jamison, Carey, Royael, Smith).
• Brandywine Global Asset Management: Active fixed-income and equity manager for institutional and HNW clients; Michael Jamison previously worked at Brandywine. Comparable in active, research-driven discretionary equity management with institutional-quality research.
• Douglass Winthrop Advisors: Privately held, fee-only RIA serving HNW families, foundations, and endowments with discretionary portfolio management and wealth planning. Closely comparable to Griffin in boutique scale, client mix, and customized SMA delivery model.
• Dreman Value Management: Value-oriented asset manager where founder Tom Famigletti was previously a partner. Operates actively managed equity strategies for institutional and retail clients — highly comparable in value/dividend-growth investment philosophy.

Broad incumbents

• Goldman Sachs Wealth Management: Wirehouse wealth arm offering discretionary portfolio management and planning to ultra-HNW and HNW clients. Competes for the same NYC HNW household relationships; Doug Famigletti spent four years on Goldman's Institutional Sales Desk before joining Griffin.
• Morgan Stanley Wealth Management: Wirehouse wealth platform serving HNW and ultra-HNW clients with discretionary SMAs and financial planning. Carl Morganstein joined Griffin in 2018 from Morgan Stanley after 45 years at wirehouses.
• Brown Brothers Harriman Investor Services: Large private partnership offering multi-family office, investment management, and wealth planning to HNW and ultra-HNW families. Broader incumbent in the same customized SMA-plus-planning category as Griffin, but at substantially larger scale and broader service breadth.

Emerging players

• Hedgeye Asset Management: Independent research-driven asset manager with a quantitative, rules-based investment framework (Quad Model). Strategic partner with Griffin since 2024 on the Full Cycle Investment Strategy — adjacent rather than directly competing, as HAM provides research/IP while Griffin provides SMA advisory distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/griffin-asset-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Griffin Asset Management