Grove Street Fiduciary, LLC (Peterborough)

Name: Grove Street Fiduciary, LLC
Address: 20 Grove Street, Peterborough, NH, 03458 0396
Telephone: 603-924-9939

Grove Street Fiduciary, LLC is a large advisory firm based in Peterborough. It manages $249.58 million of regulatory assets for 290 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Maine, Massachusetts, and 3 other states.

Grove Street Fiduciary provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Grove Street Fiduciary: assets under management

The assets under management (AUM) of Grove Street Fiduciary, LLC is $249.58 million. The firm's AUM has grown by 40% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $238.14 million in discretionary accounts and $11.44 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $952.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $285.93 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 92% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Grove Street Fiduciary, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Grove Street Fiduciary serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Grove Street Fiduciary is high net worth individuals with 95 clients and $182.65 million of assets under management. Among the 12 most similar advisory firms, Grove Street Fiduciary has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $249.58 million for 245 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.

Grove Street Fiduciary doesn't advise any private funds.

Careers at Grove Street Fiduciary, LLC

The company employs 6 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Carl Amos Johnson	President; chief compliance officer	1 Jan 2003	75% - 100%	4343732
Carl Amos Johnson Revocable Trust	Owner	1 Jul 2013	75% - 100%	xxx-xx-xxxx
Hazel Elizabeth Hensel	Director of operations	1 Jan 2015	Other	6644697
Carl Amos Johnson	Managing member, chief compliance officer	1 Jan 2016	Other	4343732
Hazel Elizabeth Hensel	Managing director	1 Mar 2018	Other	6644697

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Carl Amos Johnson	Co-trustee	1 Feb 2010	Other	4343732
Diana B Johnson	Co-trustee	1 Feb 2010	Other	6932935

Based in Peterborough

The principal office where Grove Street Fiduciary, LLC performs its advisory services is located at 20 Grove Street, Peterborough, NH 03458 0396 The mailing address of the firm is P. O. Box 396, Peterborough, NH 03458 0396. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 603-924-9939 or by fax 603-924-9938. The normal business hours are by appointment only on Other. You can find more information about the New York firm at grovestreetfiduciary.com.