Grimaldi Portfolio Solutions, Inc (Wappingers Falls)

Grimaldi Portfolio Solutions, Inc is a mid-sized advisory firm based in Wappingers Falls. It manages $83 million of regulatory assets for 500 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida, New York, Rhode Island, and Texas.

Grimaldi Portfolio Solutions provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Grimaldi Portfolio Solutions: assets under management

The assets under management (AUM) of Grimaldi Portfolio Solutions, Inc is $83 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $83 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $166 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Grimaldi Portfolio Solutions, Inc 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 Mark Anthony Grimaldi serves?

The firm provides services to individuals and investment companies. The largest group of clients of Mark Anthony Grimaldi is individuals with 299 clients and $57 million of assets under management. Among the 5 most similar advisory firms, Grimaldi Portfolio Solutions has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $83 million for 300 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.

Grimaldi Portfolio Solutions doesn't advise any private funds.

Careers at Grimaldi Portfolio Solutions, Inc

The company employs 5 people that are either part- or full-time employees. 100 percent of the 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.

Mark Anthony Grimaldi has been acting as President since 1 Mar 1996. Craig Kenneth Railo joined the executive team most recently as the Terminated For Cause.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mark Anthony Grimaldi	President	1 Mar 1996	50% - 75%	1456488
Joseph Vincent Visconti	Vice president	1 Mar 1996	25% - 50%	1609655
Craig Kenneth Railo	Chief compliance officer	1 Mar 2015	Other	4041393
Craig Kenneth Railo	Terminated for cause	1 May 2016	Other	4041393

Based in Wappingers Falls

The principal office where Grimaldi Portfolio Solutions, Inc performs its advisory services is located at 1207 Route 9, Suite 10, Wappingers Falls, NY 12590, 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 845-297-3500 or by fax 845-297-1180. The normal business hours are 9:00am-5:00pm on Monday - Friday.