GOFEN & GLOSSBERG LLC /IL/

Gofen & Glossberg LLC is an investment management firm based out of Chicago, Illinois. The company was originally established in 1932 by cofounders Samuel Gofen and William Glossberg and their descendants are still with the company today acting as principals of the company. Gofen & Glossberg has grown from its inception to now operate with 27 employees of which 13 are investment professionals. The company conducts its research both internally and externally, utilizing a fundamental methodology to invest in the public equity and fixed income markets within the United States. Gofen & Glossberg invests with a bottom up approach, allocating its assets across a variety of sectors. The company invests most heavily in the finance sector, which alone makes up over a sixth of its total asset allocations, and also invests in the health care, information technology, consumer staples, consumer discretionary, industrials, and energy sectors, among other sectors to a lesser degree, in order of decreasing allocation. Gofen & Glossberg holds its allocations an average of just under 20 quarters and holds its top 10 allocations an average of 16 quarters. In the most recent quarter, the company had a turnover rate of approximately 10.1%. The company manages over $3.7 billion in total assets under management spread across over 3,000 total accounts, all of which are discretionary accounts except for 110 which makes up $250 million of its managed assets. Both of the company’s total number of accounts and total assets under management have been increasing in recent years despite slight volatility with its total managed assets growing from $2.5 billion back in 2010 to experience over $1 billion in growth. Gofen & Glossberg mainly caters to high net worth individuals, which alone makes up over half of its entire client base both in terms of accounts and assets, and also provides services to a variety of other clientele.