Grove Advisors LLC (San Francisco)

Name: Grove Advisors LLC
Address: 487 Bryant Street, San Francisco, CA, 94107
Telephone: 415-323-6389

Grove Advisors LLC is a multi-state adviser based in San Francisco. It manages $4 million of regulatory assets for 42 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California, Colorado, Florida, and 12 other states.

Grove Advisors provides portfolio management for individuals and small businesses and ongoing financial planning subscription. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Grove Advisors: assets under management

The assets under management (AUM) of Grove Advisors LLC is $4 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $95.24 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Grove Advisors 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 Grove Advisors serves?

The only and largest group of clients of Grove Advisors is individuals with 18 clients and $2.1 million of assets under management. Among the 4 most similar advisory firms, Grove Advisors has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $2.1 million for 18 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 Advisors doesn't advise any private funds.

Careers at Grove Advisors LLC

The company employs 17 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 8 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.

Grove Holdings Inc. joined the executive team most recently as the Managing Memeber.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Worthington Hutchins	Chief executive officer	1 Jul 2015	Other	5363512
Christopher R Doyle	Chief investment officer and chief compliance officer	1 Jul 2015	Other	5384139
Grove Holdings Inc.	Managing memeber	1 Apr 2016	75% - 100%	32-0493720

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Worthington Hutchins	Chief executive officer	1 Apr 2016	25% - 50%	5363512
Christopher R Doyle	Chief financial officer	1 Apr 2016	25% - 50%	5384139

Based in San Francisco

The principal office where Grove Advisors LLC performs its advisory services is located at 487 Bryant Street, San Francisco, CA 94107, 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 415-323-6389 or by fax 801-751-5337. The normal business hours are 9:00 am- 5:00 pm on Monday - Friday. You can find more information about the New York firm at hellogrove.com.