Gries Financial LLC is a large advisory firm based in Cleveland. It manages $545.56 million of regulatory assets for 861 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Indiana, and 5 other states.
Gries Financial provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm also engages as real estate partnership.
The assets under management (AUM) of Gries Financial LLC is $545.56 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 41% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Gries Financial LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Edward Joseph Bell is high net worth individuals with 61 clients and $343.55 million of assets under management. Among the 10 most similar advisory firms, Gries Financial has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $545.56 million for 357 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.
Gries Financial doesn't advise any private funds.
The company employs 21 people that are either part- or full-time employees. 52 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Edward Joseph Bell has been acting as President since 1 Oct 2010. Robert Michael Leggett has served as the Chief Investment Officer since 1 Apr 2000. Sarah Louise Gries joined the executive team most recently as the Founder.
The principal office where Gries Financial LLC performs its advisory services is located at 1801 E Ninth Street Ste 1600, Cleveland, OH 44114 3103, which is also the mailing address of the firm. An additional office of the firm is in Cincinnati, OH. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 216-861-1148 or by fax 216-861-0106. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at gries.com.