Grey Street Capital, LLC (Chicago)

Name: Grey Street Capital, LLC
Address: 150 North Riverside Plaza, Chicago, IL, 60606
Telephone: 312.635.7160

Grey Street Capital, LLC is a large advisory firm based in Chicago. It manages $624.38 million of regulatory assets for 325 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Illinois, and 5 other states.

Grey Street Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Grey Street Capital: assets under management

The assets under management (AUM) of Grey Street Capital, LLC is $624.38 million. The firm's AUM has grown by 121% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $619.82 million in discretionary accounts and $4.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.91 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.56 million.

Investments

The firm invests in investment and business development companies the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 21% of the firm’s portfolio. Investments in cash and cash equivalents form 19% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Grey Street Capital, LLC 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 Grey Street Capital serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Grey Street Capital is high net worth individuals with 45 clients and $523.13 million of assets under management. Among the 12 most similar advisory firms, Grey Street Capital has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $623.26 million for 52 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.

Grey Street Capital doesn't advise any private funds.

Careers at Grey Street Capital, LLC

The company employs 7 people that are either part- or full-time employees. 43 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 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
William James Boer	Managing member and chief financial officer	1 Apr 2017	Other	6770358
Jeffrey Scott Friedstein	Managing member and chief investment officer	1 May 2017	25% - 50%	2476721
Joseph French Page	Managing member and chief executive officer	1 May 2017	25% - 50%	2457577
John Michael Ruth	Chief compliance officer and chief operating officer	1 May 2017	Other	4310209
Timothy Richard Mullen	Member	1 May 2017	Other	1277079

Based in Chicago

The principal office where Grey Street Capital, LLC performs its advisory services is located at 150 North Riverside Plaza, Chicago, IL 60606, 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 312.635.7160. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at greystreet.com.