Granger Management LLC (New York)

Granger Management LLC is a large advisory firm based in New York. It manages $697.77 million of regulatory assets for 82 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

Granger Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Granger Management: assets under management

The assets under management (AUM) of Granger Management LLC is $697.77 million. The firm's AUM has grown by 565% since the beginning of its operation, and $31.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $667.68 million in discretionary accounts and $30.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.24 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $30.09 million.

Granger Management has custody of $667.68 million in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 45% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 24% of the firm’s portfolio. Investments in other assets form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Granger Management 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 Granger Management serves?

The firm provides services to high net worth individuals and pooled investment vehicles. The largest group of clients of Granger Management is high net worth individuals with 12 clients and $514.03 million of assets under management. Among the 8 most similar advisory firms, Granger Management has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $697.77 million for 17 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Granger Management also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Granger Management LLC

The company employs 6 people that are either part- or full-time employees. 67 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
Andrew Conried Walter	Managing member	1 Aug 2013	Other	2508912
Granger Management Holdings Llc	Holding company parent	1 Aug 2013	75% - 100%	46-2842933
Ryan Donovan	Director of operations and chief compliance officer	1 Sep 2013	Other	5063050
Geraldine Frances Mcmanus	Managing member	1 May 2014	Other	1185752
Massimo Devellis	Chief operating officer / chief compliance officer	1 Sep 2018	Other	4308381

Based in New York

The principal office where Granger Management LLC performs its advisory services is located at 17 State Street, New York, NY 10004, 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) 658-0400 or by fax (212) 658-0401. The normal business hours are 9:00am to 5:00pm on Monday - Friday.