Supplier Spotlight: GFG Asset Management

 

Duane Garth, Chief Investment Officer of GFG Asset Management, a Michigan Minority Supplier Diversity Council (MMSDC) certified minority-owned business, recently spoke with ConnXus.

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Founded in 2008, GFG Asset Management is a ConnXus+ member of two years. The company is based in Southfield, Michigan, a suburb of the reviving city of Detroit. With over 20 years of experience in the investment industry, including 12 years as a Merrill Lynch executive and six years as the founder of wealth management group, Garth Financial Group, Duane Garth brings a longstanding history of financial trust to GFG clients.

The asset management firm specializes in strategically selecting publicly traded small- and medium-sized companies for investor portfolios. These companies typically have a market cap of less than $20 billion in assets.

To ensure enterprise clients that their portfolios are being closely monitored, GFG holds the stocks until one or more of the following events occur, Garth tells ConnXus:

1. The price of the stock reaches the target price, set by the investor and GFG.

2. The price of the stock is overvalued versus what the industry indicates.

3. An extraordinary occurrence that causes the performance of the stock to drop.

Garth also has several recommendations for corporate entities or high net-worth individuals looking to work with an investment advisor. Most importantly, be sure to research the firm’s performance track record, as well the individual that will manage your portfolio. Look for a good fit between the firm’s management style and your own. For example, if you’re looking to invest internationally, find a firm that specializes and has a trusted track record in that specific cap space in order to maximize long-term capital growth.

On a similar note, Garth highly suggests, “Be sure to know the individual portfolio manager’s strength in order to have confidence in what added values they’ll bring to the table when managing your pension plans, bonds and/or real estate.”

Select for May’s Supplier Spotlight: The Deciding Factor

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