Grant Street Asset Management Inc (Canonsburg)

Name: Grant Street Asset Management Inc
Address: 380 Southpointe Blvd, Canonsburg, PA, 15317
Telephone: 412-257-8060

Grant Street Asset Management Inc is a large advisory firm based in Canonsburg. It manages $448.49 million of regulatory assets for 990 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.

Grant Street Asset Management provides financial planning services, portfolio management for individuals and small businesses, and portfolio management for businesses and institutional clients. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Grant Street Asset Management: assets under management

The assets under management (AUM) of Grant Street Asset Management Inc is $448.49 million. The firm's AUM has grown by 184% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $422.36 million in discretionary accounts and $26.12 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $458.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $378.62 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in exchange traded securities form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Grant Street Asset Management Inc 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 Michael Mark Evans serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Michael Mark Evans is high net worth individuals with 137 clients and $323.54 million of assets under management. Among the 8 most similar advisory firms, Grant Street Asset Management has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $448.49 million for 444 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.

Grant Street Asset Management doesn't advise any private funds.

Careers at Grant Street Asset Management Inc

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michael Mark Evans has been acting as President since 1 Mar 1993. Brian William Conway joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Terry Lee Pfeffer	Sr vice president	1 Dec 1992	Other	704987
Michael Mark Evans	President	1 Mar 1993	75% - 100%	203032
Michael Charles Loch	Vp chief compliance officer	1 Jul 1998	Other	4363030
John S Ferraro	Senior vice president	1 Jul 1998	Other	5135485
Kristen Evans Jackson	Vice president	1 Mar 2006	Other	5088157
Brian William Conway	Vice president	1 Jan 2016	Other	5537413

Based in Canonsburg

The principal office where Grant Street Asset Management Inc performs its advisory services is located at 380 Southpointe Blvd, Canonsburg, PA 15317, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-257-8060 or by fax 412-257-8435. The normal business hours are 9 a.m to 5 p.m. on Monday - Friday. You can find more information about the New York firm at gsaminc.com and its LinkedIn profile.