Grace & White, Inc
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Overview
Grace & White, Inc operates as a financial advisory firm that has its headquarters in New York, New York. The firm has $900.0 million in assets over 333 client accounts, making it one of the bigger financial advisory firms in the nation by assets under management (AUM). The firm has a small group, including 4 financial advisors. Grace & White, Inc does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as equities, bonds and options.
Grace & White, Inc oversees 328 of its client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell decisions for the client's account without needing to seek the client's permission. The company also oversees five non-discretionary accounts totaling $12.3 million in AUM. The firm supervises about $2.7 million for every account. An average financial advisor at Grace & White, Inc manages around 83 client accounts.
The company's central office is located at 515 Madison Ave, New York, New York 10022. The company is registered to provide services to customers in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Grace & White, Inc by the Numbers
$900.0 million
5
333
$2.7 million
Fee Structure
A financial advisor's fees largely vary depending on which service is offered. Fees billed by the firm typically consist of the following fee type: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Grace & White, 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
The firm manages money for a number of different customers. The company caters to retail investors, high net worth investors, pooled investment vehicles, pension plans, charitable organizations and corporations. Out of its 333 customers, Grace & White, Inc's biggest client group is high net worth investors, though it also caters to 148 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM 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). Just 6% of the firm's customers are from outside of the U.S.
- High-Net-Worth Individuals* - 84.57%
- Other Individuals - 8.57%
- Corporations - 5.71%
- Charitable Organizations - 1.14%
* 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
Grace & White, Inc does not have any disclosures.
Please visit its Form ADV for more details.
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