Granville Capital, Inc. (Greensboro)

Granville Capital, Inc. is a large advisory firm based in Greensboro. It manages $561.06 million of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of North Carolina and Virginia.

Granville Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Granville Capital: assets under management

The assets under management (AUM) of Granville Capital, Inc. is $561.06 million. The firm's AUM has grown by 10% since the beginning of its operation, and $23.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $311.5 million in discretionary accounts and $249.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20.77 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $62.39 million.

Granville Capital has custody of $273.34 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 43% of the total AUM. The second-largest asset type is state and local bonds, which make up 16% of the firm’s portfolio. Investments in pooled investment vehicles form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Granville Capital, Inc. for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Egbert Lawrence Davis serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Egbert Lawrence Davis is pooled investment vehicles with 5 clients and $297.48 million of assets under management. Among the 10 most similar advisory firms, Granville Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $557.56 million for 14 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Granville Capital also advises several private funds. Namely, four hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $50,000 to $1,000,000.

Careers at Granville Capital, Inc.

The company employs 8 people that are either part- or full-time employees. 63 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.

Egbert Lawrence Davis has been acting as President since 1 Jul 2011. Pearce Armstrong Landry joined the executive team most recently as the President & Chief Investment Officer.

Direct owners and executive officers

Based in Greensboro

The principal office where Granville Capital, Inc. performs its advisory services is located at 300 North Greene Street, Greensboro, NC 27401, which is also the mailing address of the firm. An additional office of the firm is in Charlottesville, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 336-273-8544 or by fax 336-217-4128. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at granvillecapitalinc.com.

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