Grimaldi Portfolio Solutions, Inc

CRD#106199
Investment Advisor Firm

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Learn more about Grimaldi Portfolio Solutions, Inc

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations

    • Overview

    Grimaldi Portfolio Solutions, Inc is a financial advisory company based in Wappingers Falls, New York. Grimaldi Portfolio Solutions, Inc has $106.4 million in total assets throughout 300 customer accounts, making it a mid-tier investment advisory firm in the country by assets under management (AUM). Grimaldi Portfolio Solutions, Inc has a small group, including 2 financial advisors. Grimaldi Portfolio Solutions, Inc is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its customers' and own accounts and instead must go through a broker-dealer company to do so. Securities are tradable fiscal assets such as options, equities and bonds.

    Grimaldi Portfolio Solutions, Inc oversees all of its client assets in a discretionary manner. Discretionary management means that a portfolio manager makes transaction judgments for the client's account without needing to seek the customer's permission. The company's typical account size is $354,667. An average financial advisor at Grimaldi Portfolio Solutions, Inc oversees around 150 client accounts.

    The company's headquarters is located at 1207 Route 9, Suite 10, Wappingers Falls, New York 12590. The firm is legally registered to provide services to customers throughout 4 states, including Florida, New York, Rhode Island and Texas.

    Assets Under Management

    $106.4 million

    Number of Advisors

    2

    Disclosures

    No

    Office Location

    1207 Route 9, Suite 10
    Wappingers Falls, NY 12590

    Grimaldi Portfolio Solutions, Inc by the Numbers

    Total Assets Under Management

    $106.4 million

    National Average: $9.0 billion
    Total Number of Employees

    5

    National Average: 71,771
    Total Number of Accounts

    300

    National Average: 4,329
    Average Account Size

    $354.7 thousand

    National Average: $2.1 million
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    Fee Structure

    Fees for financial management largely are based on the financial services provided. Fees billed by the company typically consist of the following fee types: asset-based. The firm does not participate in a wrap fee program, in which the firm offers a service bundle for a single fee.

    Available

    • Offered by 70% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 26% of firms that offer this fee type

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 33% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The firm caters to retail investors and investment companies. Out of its 300 customers, Grimaldi Portfolio Solutions, Inc's largest client type by number of accounts is retail investors. None of the firm's clients are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 99.67%
    • Corporations - 0.33%
    • Charitable Organizations - 0%

    * 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

    Grimaldi Portfolio Solutions, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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