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.
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 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.
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.
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.
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.