Groesbeck Investment Management Corp (Paramus)

Name: Groesbeck Investment Management Corp
Address: 12 Rte. 17 North, Paramus, NJ, 07652
Telephone: 201-291-7888

Groesbeck Investment Management Corp is a large advisory firm based in Paramus. It manages $133.11 million of regulatory assets for 62 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Connecticut, New Jersey, and New York.

Groesbeck Investment Management Corp provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Groesbeck Investment Management Corp: assets under management

The assets under management (AUM) of Groesbeck Investment Management Corp is $133.11 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -68% since the beginning of its operation, and $133.11 million of the total AUM is attributable to clients outside of the United States.

The firm manages $133.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.15 million each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Groesbeck Investment Management Corp 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 Robert Paul Groesbeck serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Robert Paul Groesbeck is charitable organizations with 5 clients and $79.76 million of assets under management. Among the 10 most similar advisory firms, Groesbeck Investment Management Corp has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $133.11 million for 62 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.

Groesbeck Investment Management Corp doesn't advise any private funds.

Careers at Groesbeck Investment Management Corp

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

Robert Paul Groesbeck has been acting as President since 1 Jul 1993. Theodore M Groesbeck joined the executive team most recently as the Vice President/ Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Paul Groesbeck	President	1 Jul 1993	50% - 75%	4360339
Nancy Wallace	Secretary/treasurer	1 Jul 1993	Other	4360331
Robert Peter Dainesi	Executive vice president	1 Nov 1993	Other	1719206
Theodore M Groesbeck	Vice president/ chief compliance officer	1 Jan 2005	25% - 50%	2208426
Robert Paul Groesbeck	President/chief compliance officer	1 Jan 2005	75% - 100%	4360339

Based in Paramus

The principal office where Groesbeck Investment Management Corp performs its advisory services is located at 12 Rte. 17 North, Paramus, NJ 07652, 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 201-291-7888 or by fax 201-291-9777. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at groesbeckim.com.