Gray Wealth Management, Inc is a large advisory firm based in Bangor. It manages $137.92 million of regulatory assets for 599 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida, Maine, Massachusetts, New Hampshire, and Texas.
Gray Wealth Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Gray Wealth Management, Inc is $137.92 million. The firm's AUM has grown by 356% 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 Gray Wealth Management, Inc for their services and products based on a percentage of assets under management and hourly charges. 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Vance Blair Gray is individuals with 566 clients and $78.05 million of assets under management. Among the 10 most similar advisory firms, Gray Wealth Management has the 3rd highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $133.64 million for 592 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.
Gray Wealth Management doesn't advise any private funds.
The company employs 9 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 3 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.
The principal office where Gray Wealth Management, Inc performs its advisory services is located at 128 Broadway, Bangor, ME 04401, which is also the mailing address of the firm. An additional office of the firm is in Ellsworth, ME. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 207-992-2819 or by fax 207-992-2862. The normal business hours are 8:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at vancegray.com.