Fees and Compensation — Form ADV Part 2A (3/30/2016)
[Brochure]
ITEM 5 – FEES AND COMPENSATION
Fees are negotiated with clients and are commensurate with the level of services GFM
provides. GFM’s compensation includes portfolio management/supervision fees,
acquisition and disposition fees, property management fees, fixed fees, and performance-
based fees. Clients can choose to have GFM invoice the fees or have them directly deducted
from their investment account. GFM bills its clients in arrears for services rendered in
accordance with the applicable fee schedule. Advisory contracts can be terminated by the
client upon request.
Clients also pay charges to financial institutions and other third parties such as real estate
brokerage fees (purchase/sale of real estate), real estate commissions on leases, audit fees
on client portfolios, banking fees, and custodial fees. Some clients also pay or reimburse
GFM for travel costs. The disclosure under Item 12 contains additional information
regarding brokerage and other transaction costs.
Account Minimums and Types of Clients — Form ADV Part 2A (3/30/2016)
[Brochure]
ITEM 7 – TYPES OF CLIENTS
GFM’s clients include public pension funds, insurance companies, and foreign investors.
GFM does not impose a minimum dollar value of assets or other conditions for starting or
maintaining an account.