Grove Creek Asset Management LLC (New York)

Grove Creek Asset Management LLC is a large advisory firm based in New York. It manages $3.17 billion of regulatory assets for 4,779 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

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

Grove Creek Asset Management: assets under management

The assets under management (AUM) of Grove Creek Asset Management LLC is $3.17 billion. The firm's AUM has grown by 2015% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.17 billion in discretionary accounts and $2.39 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $665.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $170.59 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Grove Creek Asset Management LLC for their services and products based on a percentage of assets under management and fixed fees. 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.

Careers at Grove Creek Asset Management LLC

Charles Thomas Foley has been acting as President since 1 Jun 2003. William Calvin Petty joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Thomas Foley	President	1 Jun 2003	25% - 50%	210584
David Patrick Foley	Member	1 Jun 2003	25% - 50%	4721686
Ii Charles Thomas Foley	Member	1 Jun 2003	25% - 50%	4721685
Douglas Scott Reigeluth	Director of marketing	1 Jun 2003	Other	1495705
Regan Suzanne Farrar	Compliance officer	1 Sep 2003	Other	3095995
Regan Suzanne Farrar	Chief compliance officer	1 Sep 2004	Other	3095995
William Calvin Petty	Director	1 Apr 2008	Other	2163860
Henry Wilmerding	Director	1 Apr 2008	Other	2337349
George Dickson Baker	Director	1 Apr 2008	Other	2685939
William Chichester Mcclean	Director	1 Apr 2008	Other	2186943
Scott Robert Snyder	Director of marketing	1 Apr 2008	Other	2193540
Lewis Swift Lee	President	1 Apr 2008	Other	1705258
Korrine Nicole Sheerin Kohm	Chief compliance officer	1 Apr 2008	Other	4877754
Bridget Best	Portfolio manager	1 Apr 2008	Other	5115039

Based in New York

The principal office where Grove Creek Asset Management LLC performs its advisory services is located at 153 East 53 Street, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Ponte Vedra Beach, FL. It doesn’t run an office outside of the United States.