{"url":"https://nivawealth.com/firms/gifford-fong-associates-142917","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/142917","regulatoryAum":516963144,"crd":"142917","history":[{"filedOn":"2021-02-12","regulatoryAum":432440676,"clients":1,"employees":12,"offices":1},{"filedOn":"2022-01-25","regulatoryAum":572353069,"clients":1,"employees":11,"offices":1},{"filedOn":"2023-01-24","regulatoryAum":438095900,"clients":1,"employees":10,"offices":1},{"filedOn":"2024-01-29","regulatoryAum":471866324,"clients":1,"employees":10,"offices":1},{"filedOn":"2025-03-26","regulatoryAum":418639154,"clients":1,"employees":10,"offices":1},{"filedOn":"2026-03-06","regulatoryAum":516963144,"clients":1,"employees":10,"offices":1}],"secFileNumber":"801-67534","legalName":"Gifford Fong Associates","displayName":"Gifford Fong Associates","slug":"gifford-fong-associates-142917","website":"https://gfong.net/","classification":{"segment":"institutions","segmentLabel":"Institutional","type":"institutional_asset_manager","typeLabel":"Asset manager","feeDisclosure":"payment_only"},"founded":null,"organization":"California corporation","fiscalYearEnd":"December","headquarters":{"street":"3658 MT. Diablo BLVD., Suite 200","city":"Lafayette","state":"CA","stateName":"California","country":"United States","postalCode":"94549-3751"},"tradeNames":[],"registration":{"secApproved":"22 February 2007","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":10,"advisory":5,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":516963144,"discretionary":516963144,"discretionaryAccounts":1,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"State or municipal government entities","clients":1,"regulatoryAum":516963144}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[],"custodyNote":"Gifford Fong Associates does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Harry Fong","title":"President","crd":"210806"},{"name":"Steven Fong","title":"Chief Compliance Officer/CEO","crd":"2489399"},{"name":"Vivian Fong","title":"Shareholder","crd":"1480331"},{"name":"Timothy Fong","title":"Shareholder","crd":"2489401"}],"ownership":[{"label":"Harry Fong","detail":"President in the 25% to 50% ownership band and a control person, since August 1977."},{"label":"Steven Fong","detail":"Chief compliance officer/ceo in the 10% to 25% ownership band and a control person, since December 2018."},{"label":"Timothy Fong","detail":"Shareholder in the 10% to 25% ownership band, since August 1977."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"3658 MT. Diablo BLVD., Suite 200","city":"Lafayette","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"925-299-7800","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":100}],"privateFunds":0},"sources":{"adv1FilingDate":"6 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/142917/PDF/142917.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Gifford Fong Associates have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Gifford Fong Associates offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How many financial advisors does Gifford Fong Associates have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Gifford Fong Associates invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Gifford Fong Associates?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Gifford Fong Associates get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Gifford Fong Associates?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 6 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}