Greystone Wealth Advisors LLC (Rye Brook)

Name: Greystone Wealth Advisors LLC
Address: 800 Westchester Avenue, Rye Brook, NY, 10573
Telephone: 914-232-3773

Greystone Wealth Advisors LLC is a large advisory firm based in Rye Brook. It manages $231.28 million of regulatory assets for 433 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of California, Connecticut, Florida, Missouri, and New York.

Greystone Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Greystone Wealth Advisors: assets under management

The assets under management (AUM) of Greystone Wealth Advisors LLC is $231.28 million. The firm's AUM has grown by 427% since the beginning of its operation, and $835 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $220.73 million in discretionary accounts and $10.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $539.69 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $439.47 thousand.

Greystone Wealth Advisors has custody of $47.76 million in cash and securities for 44 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 72% of the total AUM. The second-largest asset type is exchange traded securities, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greystone Wealth Advisors LLC for their services and products based on a percentage of assets under management and fixed 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 Greystone Wealth Advisors serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Greystone Wealth Advisors is high net worth individuals with 54 clients and $194.74 million of assets under management. Among the 12 most similar advisory firms, Greystone Wealth Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $231.28 million for 118 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Greystone Wealth Advisors doesn't advise any private funds.

Careers at Greystone Wealth Advisors LLC

The company employs 4 people that are either part- or full-time employees. 75 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
Timothy Roger Clark	Chief compliance officer	1 Feb 2003	75% - 100%	2089775
Timothy Roger Clark	Member	1 Dec 2006	75% - 100%	2089775
Thomas Wood Ausfahl	Member	1 Jan 2013	Other	5855446

Based in Rye Brook

The principal office where Greystone Wealth Advisors LLC performs its advisory services is located at 800 Westchester Avenue, Rye Brook, NY 10573, which is also the mailing address of the firm. An additional office of the firm is in Brooklyn, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-232-3773 or by fax 914-992-0200. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at greystonewealth.com.