Grandfield & Dodd, LLC (New York)

Name: Grandfield & Dodd, LLC
Address: 40 Wall Street, New York, NY, 10005
Telephone: 212-477-9626

Grandfield & Dodd, LLC is a large advisory firm based in New York. It manages $1.22 billion of regulatory assets for 1,250 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Connecticut, and 18 other states.

Grandfield & Dodd provides portfolio management for individuals and small businesses 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.

Grandfield & Dodd: assets under management

The assets under management (AUM) of Grandfield & Dodd, LLC is $1.22 billion. The firm's AUM has grown by 601% since the beginning of its operation, and $18.84 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.21 billion in discretionary accounts and $5.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $980.81 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $351.39 thousand.

Grandfield & Dodd has custody of $131.49 million in cash and securities for 65 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is state and local bonds, which make up 11% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Grandfield & Dodd, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Grandfield & Dodd serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Grandfield & Dodd is high net worth individuals with 117 clients and $736.56 million of assets under management. Among the 9 most similar advisory firms, Grandfield & Dodd has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.22 billion for 548 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Grandfield & Dodd doesn't advise any private funds.

Careers at Grandfield & Dodd, LLC

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Cheryl Lee Grandfield	Member	1 Jan 2001	Other	2191534
Richard Wallace Dodd	Member	1 Jan 2001	Other	501852
James Philip Samuels	Member	1 Mar 2001	25% - 50%	1207998
Taegene Kim Cho	Chief compliance officer	1 Jun 2004	25% - 50%	2684762
Tae Gene Kim Cho	Member, chief compliance officer	1 Jun 2004	Other	2684762
Tae Gene Kim Cho	Member, chief compliance officer	1 Jan 2005	Other	2684762
Taegene Kim Cho	Member	1 Jan 2005	25% - 50%	2684762
Bonnie Christine Mckenna	Member	1 Jan 2007	Other	2079272
Jeffrey Thomas Stevenson Macdonagh	Member	1 Jan 2011	Other	5010118
Eric Paul Spiegel	Chief financial officer	1 Apr 2013	Other	1018285

Based in New York

The principal office where Grandfield & Dodd, LLC performs its advisory services is located at 40 Wall Street, New York, NY 10005, 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 212-477-9626 or by fax 212-777-7764. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at grandfield-dodd.com.