Grand Wealth Management, LLC
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Overview
Grand Wealth Management, LLC operates as a financial advisor firm based in Grand Rapids, Michigan. The firm oversees $509.8 million in total assets across 788 customer accounts, placing it among the larger investment advisory firms in the nation by assets under management (AUM). Grand Wealth Management, LLC has a small team, including 6 financial advisors. Grand Wealth Management, LLC is not a registered broker-dealer, signifying that the firm cannot buy and sell securities for its accounts and those of its clients and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments such as equities, options and bonds.
Grand Wealth Management, LLC manages all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which transaction decisions for the client's account are made by a portfolio manager without requiring client permission. The investment advisory firm oversees roughly $646,916 for each customer account. The average advisor at Grand Wealth Management, LLC manages about 131 client accounts.
The firm's headquarters is at 333 Bridge Street Nw, Grand Rapids, Michigan 49504. The firm is legally registered to provide services to investors throughout 4 states, including Florida, Michigan, Texas and Virginia.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Grand Wealth Management, LLC by the Numbers
$509.8 million
13
788
$646.9 thousand
Products and Services
Grand Wealth Management, LLC offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services and selection of other advisers. In the prior financial year, it provided financial planning services to 101-250 of its customers. The company 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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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
Financial management fees usually depend on which services are provided. However, fees billed by the firm most likely are comprised of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the company.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm manages money for a number of different customers. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations and corporations. Out of its 788 clients, Grand Wealth Management, LLC's biggest client is high net worth investors, but it also manages money for 115 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 61.83%
- Other Individuals - 29.57%
- Corporations - 5.38%
- Charitable Organizations - 3.23%
* 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
Grand Wealth Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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