Blue Granite Capital, LLC (Charleston)


Blue Granite Capital, LLC is an adviser based in Charleston. It manages $41.64 million of regulatory assets for 50 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Colorado, Florida, and South Carolina.

Blue Granite Capital provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and sub-advisory services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Blue Granite Capital: assets under management

The assets under management (AUM) of Blue Granite Capital, LLC is $41.64 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -28% since the beginning of its operation, and $2.32 million of the total AUM is attributable to clients outside of the United States.

The firm manages $41.64 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $832.79 thousand each.
Blue Granite Capital has custody of $4.97 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Blue Granite Capital, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Scott Bruce Shubert serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Scott Bruce Shubert is high net worth individuals with 16 clients and $38.11 million of assets under management. Among the 5 most similar advisory firms, Blue Granite Capital has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $39.83 million for 21 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 2% of the firm’s clients are foreign persons or businesses.

Blue Granite Capital doesn't advise any private funds.

Careers at Blue Granite Capital, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

Scott Bruce Shubert has been acting as President since 1 Mar 2003. David Thompson Kilborn joined the executive team most recently as the Managing Member & Chief Executive Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Scott Bruce Shubert President 1 Mar 2003 Other 1083842
Llc Blue Granite Capital Parent company 1 Sep 2003 75% - 100% 48-1301635
Ronald Clifton Owens Chief compliance officer 1 Jan 2006 Other 5101247
Ronald Clifton Owens Member 1 Dec 2008 Other 5101247
Michael Louis Minotti Member 1 Sep 2010 Other 5265447
Performa Limited Holdings Lp Limited partnership 1 Dec 2014 Other 46-3928582
Llc Performa Limited (Us) Limited liability company 1 Dec 2014 75% - 100% 154232
David Thompson Kilborn Managing member & chief executive officer 1 Jan 2015 Other 2314307
Kathy Marie Nicholl Chief compliance officer 1 Jan 2015 Other 4413767

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Llc Kiawah Capital Owner 1 Mar 2003 25% - 50% 57-113-1760

Based in Charleston

The principal office where Blue Granite Capital, LLC performs its advisory services is located at 215 East Bay Street, Charleston, SC 29401, which is also the mailing address of the firm. An additional office of the firm is in Orlando, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 843-722-7330 or by fax 843-722-7332. The normal business hours are 9:00 - 5:00 (et) on Monday - Friday. You can find more information about the New York firm at bluegranitecapital.com.