Grimes & Company, Inc
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Overview
Grimes & Company, Inc is a financial advisor firm headquartered in Westborough, Massachusetts. The firm handles $4.2 billion in total assets over 8,491 accounts, placing it among the biggest firms in the nation by assets under management (AUM). Grimes & Company, Inc has an average-sized team, including 28 financial advisors. Grimes & Company, Inc is not a registered broker-dealer, signifying that the company cannot buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal assets such as equities, options and bonds.
Grimes & Company, Inc oversees most of the firm's client assets on a discretionary basis. Discretionary management signifies that buy and sell choices are made by a portfolio manager without needing to seek the client's permission. It also manages 57 non-discretionary accounts totaling $83.5 million in assets under management. Grimes & Company, Inc administers an average of $492,000 for every account. An average advisor at Grimes & Company, Inc oversees around 303 client accounts.
The firm's main office is at 110 Turnpike Rd, Westborough, Massachusetts 1581. It is legally allowed to serve investors across 51 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Grimes & Company, Inc by the Numbers
$4.2 billion
51
8,491
$492.0 thousand
Products and Services
Grimes & Company, Inc provides multiple financial services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. In the past fiscal year, Grimes & Company, Inc provided 251-500 of its customers with financial planning services. Grimes & Company, Inc does not sell products or offer services other than investment advisory services to its investment advisory accounts.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management largely vary depending on the type of services provided. Fees billed by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by Grimes & Company, Inc.
Available
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Offered by 69% of firms
Percentage of Assets
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Grimes & Company, Inc manages money for a number of different clients. The company works with retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 8,491 customers, Grimes & Company, Inc's largest client is retail investors, but it also serves 1,155 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's accounts reside abroad.
- High-Net-Worth Individuals* - 32.72%
- Other Individuals - 64.42%
- Corporations - 2.1%
- Charitable Organizations - 0.76%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Grimes & Company, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Grimes & Company, Inc
Dallas, TX
Westborough, MA
Westborough, MA
Westborough, MA
Westborough, MA
Westborough, MA
Westborough, MA
Westborough, MA
Westborough, MA
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