Gifford Fong Associates provides portfolio management for institutions.
Gifford Fong Associates reports 1 state or municipal government entity. Of its assets, 100.0% ($517M across 1 account) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| State or municipal government entities | 100% | 100% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| State or municipal government entities | 1 | $517M | 100.0% | $517M |
| Total | 1 | $517M | 100% | $517M |
- Clients
- 1
- Regulatory AUM
- $517M
- AUM share
- 100.0%
- Avg. per client
- $517M
Total
- Clients
- 1
- Regulatory AUM
- $517M
- AUM share
- 100%
- Avg. per client
- $517M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Gifford Fong Associates is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Harry Fong owns 25% to 50% of Gifford Fong Associates. The leadership team of Gifford Fong Associates includes President Harry Fong and Chief Compliance Officer Steven Fong. It has 10 employees, 5 of them in advisory roles.
Leadership
- Harry FongPresident
- Steven FongChief Compliance Officer/CEO
- Vivian FongShareholder
- Timothy FongShareholder
Staff
- 10 employees
- 5 in advisory functions
- Owns 25% to 50% of Gifford Fong Associates
Harry Fong
Control person · since August 1977
- Owns 10% to 25% of Gifford Fong Associates
Steven Fong
Control person · since December 2018
- Owns 10% to 25% of Gifford Fong Associates
Timothy Fong
since August 1977
Gifford Fong Associates’ regulatory assets grew from $432M (February 2021) to $517M (March 2026); clients were 1 in both filings and employees fell from 12 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $517M | 1 | 10 | 1 |
| March 2025 | $419M | 1 | 10 | 1 |
| January 2024 | $472M | 1 | 10 | 1 |
| January 2023 | $438M | 1 | 10 | 1 |
| January 2022 | $572M | 1 | 11 | 1 |
| February 2021 | $432M | 1 | 12 | 1 |
Besides its headquarters, Gifford Fong Associates has 0 offices, with 1 listed address in California.
California · 1 listed address
- 3658 MT. Diablo BLVD., Suite 200, LafayetteHQ
Contact and registration details
- Legal name
- Gifford Fong Associates
- Headquarters
- 3658 MT. Diablo BLVD., Suite 200, Lafayette, CA 94549-3751
- Website
- gfong.net
- Phone
- 925-299-7800
- SEC file
- 801-67534
- Structure
- California corporation
- Fiscal year end
- December
Gifford Fong Associates does not have custody of client assets.
At year end, Gifford Fong Associates’ separately managed accounts were mostly in stocks (100%).
What the accounts hold
- Stocks100%
How many clients does Gifford Fong Associates have?
Gifford Fong Associates has 1 client and manages $517 million for them, as of March 2026. They include 1 state or municipal government entity.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 6 March 2026
What services does Gifford Fong Associates offer?
Gifford Fong Associates provides portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Gifford Fong Associates have?
Gifford Fong Associates has 0 investment adviser representatives registered with state securities authorities, out of 10 employees, and 5 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Gifford Fong Associates invest in?
At the end of its last fiscal year, Gifford Fong Associates’ separately managed accounts held 100% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Gifford Fong Associates?
Gifford Fong Associates’ direct owners are Harry Fong, Steven Fong and Timothy Fong, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 6 March 2026
How does Gifford Fong Associates get paid?
Gifford Fong Associates is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Gifford Fong Associates?
Gifford Fong Associates’ main office is at 3658 MT. Diablo BLVD., Suite 200, Lafayette, CA 94549-3751. Its phone number is 925-299-7800. Its website is gfong.net.