Granite Bridge Partners LLC (New York)

Name: Granite Bridge Partners LLC
Address: 420 Lexington Ave, New York, NY, 10170
Telephone: (646) 599-9900

Granite Bridge Partners LLC is a large advisory firm based in New York. It manages $159.95 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2019.

Granite Bridge Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Granite Bridge Partners: assets under management

The assets under management (AUM) of Granite Bridge Partners LLC is $159.95 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $159.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $53.32 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Granite Bridge Partners LLC for their services and products based on fixed fees and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Granite Bridge Partners serves?

The only and largest group of clients of Granite Bridge Partners is pooled investment vehicles with 3 clients and $159.95 million of assets under management. Among the 6 most similar advisory firms, Granite Bridge Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $159.95 million for 3 clients. None of the firm’s clients are foreign persons or businesses.

Granite Bridge Partners also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Granite Bridge Partners LLC

The company employs 7 people that are either part- or full-time employees. 100 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eric Allen Norfleet	Partner	1 Aug 2017	Other	2027423
Peter Petrillo	Partner / chief executive officer	1 Aug 2017	Other	1935032
Jeffrey P Gerson	Partner / chief compliance officer	1 Aug 2017	Other	5203317
Michael David Goodman	Partner	1 Aug 2017	Other	6948634
Ryan Thomas Wierck	Partner	1 Aug 2017	Other	2512192

Based in New York

The principal office where Granite Bridge Partners LLC performs its advisory services is located at 420 Lexington Ave, New York, NY 10170, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (646) 599-9900. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at granitebridge.com.