Grimes & Company, LLC
Assets Under Management
$5.6B
Number of Clients
3,712
Number of Advisors
34
Average Client AUM
$1.5M
AUM per Advisor
$164.5M
Compensation
Fee-Only (AUM)
About This Firm
Grimes & Company Wealth Management offers investment advisory services and financial planning to individuals, businesses, trusts, and other entities. They develop customized investment strategies using proprietary research and portfolio management systems. Financial planning services, including basic estate planning, are available, with advanced planning for clients with over $1 million in assets under management.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $500K | 1.25% |
| $500K - $2.0M | 1.00% |
| $2.0M - $7.0M | 0.75% |
| $7.0M - $10.0M | 0.65% |
| $10M+ | 0.50% |
Multiple client accounts are aggregated for fee calculation purposes. Specific fee paid may differ from the published schedule if agreed to in advance. Fees may be waived or reduced based on certain criteria.
Fee Estimator
Grimes charges an annual fee based on a percentage of your assets under management. For example, the fee is 1.25% on the first $500,000, then it decreases as your portfolio grows. These fees are paid quarterly. Grimes generally requires a minimum asset level of $500,000 for investment advisory services, but this may be waived at their discretion. Clients referred through Schwab or Fidelity generally have a $1,000,000 minimum.
Areas of Practice
Location
One Technology Drive, Suite 100, Westborough, MA, 01581