Grodman Financial Group, LLC (Manchester)

Name: Grodman Financial Group, LLC
Address: 70 Stark St., Manchester, NH, 03101 1934
Telephone: 603-647-9999

Grodman Financial Group, LLC is a large advisory firm based in Manchester. It manages $150 million of regulatory assets for 500 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Florida, Maine, Massachusetts, New Hampshire, and Texas.

Grodman Financial Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and publication of newsletters. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Grodman Financial Group: assets under management

The assets under management (AUM) of Grodman Financial Group, LLC is $150 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $150 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $300 thousand each.

Grodman Financial Group has custody of $9.69 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Grodman Financial Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and commissions. Commissions are paid and earned by the adviser when a trade or a sales of an investment is made. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Grodman Financial Group serves?

The only and largest group of clients of Grodman Financial Group is individuals with 250 clients and $150 million of assets under management. Among the 9 most similar advisory firms, Grodman Financial Group has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $150 million for 250 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Grodman Financial Group doesn't advise any private funds.

Careers at Grodman Financial Group, LLC

The company employs 3 people that are either part- or full-time employees. No employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Richard Grodman	Cco	1 Jan 2000	75% - 100%	1549330
Allison Julia Leduc	Chief compliance officer	1 Jan 2011	Other	4813726

Based in Manchester

The principal office where Grodman Financial Group, LLC performs its advisory services is located at 70 Stark St., Manchester, NH 03101 1934, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 603-647-9999 or by fax 603-647-6495. The normal business hours are mon - thur 9:00am-4:00pm closed jewish holidays on Other. You can find more information about the New York firm at grodmanfinancial.com.