Granite Equity Partners LLC (St. Cloud)

Name: Granite Equity Partners LLC
Address: 122 12 Th Ave N, St. Cloud, MN, 56303
Telephone: 320-251-1800

Granite Equity Partners LLC is a large advisory firm based in St. Cloud. It manages $460.98 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Minnesota.

Granite Equity Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Granite Equity Partners: assets under management

The assets under management (AUM) of Granite Equity Partners LLC is $460.98 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 175% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $460.98 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $92.2 million each.

Granite Equity Partners has custody of $460.98 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Granite Equity Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Granite Equity Partners serves?

The only and largest group of clients of Granite Equity Partners is pooled investment vehicles with 5 clients and $460.98 million of assets under management. Among the 8 most similar advisory firms, Granite Equity Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $460.98 million for 5 clients. None of the firm’s clients are foreign persons or businesses.

Granite Equity Partners also advises several private funds. Namely, five private equity funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $100,000.

Careers at Granite Equity Partners LLC

The company employs 15 people that are either part- or full-time employees. 53 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Arthur Raymond Monaghan	Partner, treasurer, cco	1 Jul 2002	Other	6015968
Patrick Kent Edeburn	Partner, secretary	1 Jul 2002	Other	6015972
Richard Leo Bauerly	Partner, chief manager	1 Jul 2002	Other	6015976
Michelle Elaine Bauerly Kopel	Partner	1 Jul 2012	Other	6102012
Gregory Allen Schumacher	Partner	1 Jul 2012	Other	6102094
Paul Jude Cameron	Cco, cfo, treasurer	1 Dec 2015	Other	6619831

Based in St. Cloud

The principal office where Granite Equity Partners LLC performs its advisory services is located at 122 12 Th Ave N, St. Cloud, MN 56303, which is also the mailing address of the firm. An additional office of the firm is in Northfield, MN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 320-251-1800 or by fax 320-251-1804. The normal business hours are 8 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at graniteequity.com.