Grace & White, Inc (New York)

Grace & White, Inc is a large advisory firm based in New York. It manages $750.38 million of regulatory assets for 349 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of New York.

Grace & White provides portfolio management for individuals and small businesses and 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.

Grace & White: assets under management

The assets under management (AUM) of Grace & White, Inc is $750.38 million. The firm's AUM has grown by 50% since the beginning of its operation, and $15.64 million of the total AUM is attributable to clients outside of the United States.

The firm manages $741.46 million in discretionary accounts and $8.92 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.16 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.78 million.

Grace & White has custody of $184.25 million in cash and securities for 44 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 59% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 19% of the firm’s portfolio. Investments in government bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Grace & White, Inc for their services and products based on a percentage of assets under management. 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.

What kind of clients Ashwinpaul C Sondhi serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Ashwinpaul C Sondhi is high net worth individuals with 163 clients and $694.37 million of assets under management. Among the 10 most similar advisory firms, Grace & White has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $750.38 million for 194 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 5% of the firm’s clients are foreign persons or businesses.

Grace & White doesn't advise any private funds.

Careers at Grace & White, Inc

The company employs 5 people that are either part- or full-time employees. 80 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.

Ashwinpaul C Sondhi has been acting as President since 1 May 1994. Lola N. Grace joined the executive team most recently as the Inactive Investor.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gerald Ian White	President,dir.,treas.,chief compliance officer	1 Feb 1977	50% - 75%	465038
Oliver Russell Grace	Inactive investor	1 Feb 1977	Other	1502156
Ruth G Jervis	Inactive investor	1 Feb 1977	Other	1502162
Anne Grace Kelly	Inactive investor	1 Feb 1977	Other	1502163
Gwendolyn Grace	Inactive investor	1 Feb 1977	Other	1502160
Lori L Grace	Inactive investor	1 Feb 1977	Other	1502158
John S Grace	Inactive investor	1 Feb 1977	Other	1502154
Ann Kelly	Inactive investor	1 Feb 1977	Other	1502163
Anne Kelly	Inactive investor	1 Feb 1977	Other	1502163
Ashwinpaul C Sondhi	Director	1 May 1994	Other	4396384
Marc Emil Ravitz	Vice president,director	1 May 1994	Other	4396381
Marc Emil Ravitz	Executive vice president,dir., super account administrator	1 Jul 2006	Other	4396381
Lola N. Grace	Inactive investor	1 Dec 2008	Other	1196781

Based in New York

The principal office where Grace & White, Inc performs its advisory services is located at 515 Madison Ave, New York, NY 10022, 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 212-935-5990 or by fax 212-935-0503. The normal business hours are 9:00am to 5:00pm on Monday - Friday.