Granite Investment Partners, LLC (El Segundo)

Name: Granite Investment Partners, LLC
Address: 2321 Rosecrans Avenue, El Segundo, CA, 90245
Telephone: 310-933-3199

Granite Investment Partners, LLC is a large advisory firm based in El Segundo. It manages $1.55 billion of regulatory assets for 1,007 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Arizona, California, Colorado, and 33 other states.

Granite Investment Partners provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Granite Investment Partners: assets under management

The assets under management (AUM) of Granite Investment Partners, LLC is $1.55 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1968% since the beginning of its operation, and $6.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.55 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.54 million each.

Granite Investment Partners has custody of $38.05 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Granite Investment Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Granite Investment Partners serves?

The firm provides services to investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Granite Investment Partners is high net worth individuals with 956 clients and $843.16 million of assets under management. Among the 10 most similar advisory firms, Granite Investment Partners has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.45 billion for 1,003 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Granite Investment Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Granite Investment Partners, LLC

The company employs 20 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 30 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Geoffrey Ira Edelstein	Principal	1 Jun 2009	Other	4354105
Robert William Foran	Principal and chief compliance officer	1 Aug 2009	Other	5189390
Robert W Foran	Managing director	1 Aug 2009	50% - 75%	5189390
Bradley Giles Slocum	Principal	1 Jan 2011	Other	1443339
Gary Uwe Rolle'	Principal	1 Jan 2011	Other	4331936
Joshua David Shaskan	Principal	1 Apr 2011	Other	2420904
Jeffrey J Hoo	Principal	1 Apr 2011	Other	5907940
Jeffrey James Hoo	Member	1 Apr 2011	Other	5907940
Edward Sung Soo Han	Principal	1 May 2011	Other	4937841
Peter Orlando Lopez	Principal	1 Jul 2011	Other	1957325
Douglas John Morse	Principal	1 Jul 2011	Other	5168693
Richard Anthony Passafiume	Principal	1 Jul 2011	Other	2545180
Erik Uwe Rolle'	Principal	1 Jul 2011	Other	5985595
Erik Uwe Rolle	Managing director	1 Jul 2011	Other	5985595
Edelstein Trust	Owner	1 Sep 2011	Other	xxx-xx-xxxx
Bradley G. Slocum Trust	Owner	1 Sep 2011	Other	xxx-xx-xxxx
Llc Rolle Financial	Owner	1 Jan 2012	Other	95-4772144
Joshua D. Shaskan And Lisa M. Shaskan Revocable Trust	Owner	1 Sep 2012	Other	xxx-xx-xxxx
Morse Abare Family Trust	Managing member	1 Dec 2015	Other	xxx-xx-xxxx
Jeffrey Hoo & Shirley Wang Revocable Trust	Member	1 Oct 2016	Other	xxx-xx-xxxx

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Alison W Edelstein	Trustee	1 Sep 2011	50% - 75%	6172971
Geoffrey Ira Edelstein	Trustee	1 Sep 2011	50% - 75%	4354105
Bradley Giles Slocum	Trustee	1 Sep 2011	75% - 100%	1443339
Alison Weirick Edelstein	Trustee	1 Sep 2011	50% - 75%	6172971
Gary And Della Rolle Trust	Member	1 Jan 2012	75% - 100%	xxx-xx-xxxx
Della Rolle	Trustee	1 Jan 2012	50% - 75%	6172973
Gary Uwe Rolle'	Trustee	1 Jan 2012	50% - 75%	4331936
Della Valerie Rolle	Trustee	1 Jan 2012	50% - 75%	6172973
Lisa M Shaskan	Trustee	1 Sep 2012	50% - 75%	6172974
Joshua David Shaskan	Trustee	1 Sep 2012	50% - 75%	2420904
Lisa Marie Shaskan	Trustee	1 Sep 2012	50% - 75%	6172974
Douglas John Morse	Trustee	1 Dec 2015	50% - 75%	5168693
Michael Joseph Abare	Trustee	1 Dec 2015	50% - 75%	6619955
Jeffrey James Hoo	Trustee	1 Oct 2016	50% - 75%	5907940
Shirley Shian Lan Wang	Trustee	1 Oct 2016	50% - 75%	6743741
Jeffrey J Hoo	Trustee	1 Oct 2016	50% - 75%	5907940

Based in El Segundo

The principal office where Granite Investment Partners, LLC performs its advisory services is located at 2321 Rosecrans Avenue, El Segundo, CA 90245, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-933-3199 or by fax 310-943-2247. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at granitepartners-llc.com.