Greycourt & Co., Inc. (Pittsburgh)

Name: Greycourt & Co., Inc.
Address: 2100 Wharton Street, Pittsburgh, PA, 15203
Telephone: 412-361-0100

Greycourt & Co., Inc. is a large advisory firm based in Pittsburgh. It manages $4.96 billion of regulatory assets for 60 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Maryland, and 5 other states.

Greycourt & Co. provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, educational seminars and workshops, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Greycourt & Co.: assets under management

The assets under management (AUM) of Greycourt & Co., Inc. is $4.96 billion. The firm's AUM has grown by 124% since the beginning of its operation, and $8.42 million of the total AUM is attributable to clients outside of the United States.

The firm manages $547.95 million in discretionary accounts and $4.41 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $68.49 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $84.8 million.

Greycourt & Co. has custody of $187.71 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 33% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in pooled investment vehicles form 20% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greycourt & Co., Inc. for their services and products based on a percentage of assets under management and fixed fees. 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 Greycourt & Co. serves?

The firm provides services to charitable organizations, high net worth individuals, and pooled investment vehicles. The largest group of clients of Greycourt & Co. is high net worth individuals with 50 clients and $4.06 billion of assets under management. Among the 5 most similar advisory firms, Greycourt & Co. has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.96 billion for 60 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.

Greycourt & Co. also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Greycourt & Co., Inc.

The company employs 39 people that are either part- or full-time employees. 49 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Andrew Watson Eberhart has served as the Chief Investment Officer since 1 Feb 1999. David R Lovejoy joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gregory Dyer Curtis	Chairman of the board & managing director	1 Feb 1989	25% - 50%	2443626
Gregory Dyery Curtis	Treasurer, chairman, founder	1 Feb 1989	25% - 50%	2443626
Simin Yazdgerdi Curtis	Assistant secretary, vice president	1 Jul 1995	Other	4397431
Lp Dorsar Partners	Shareholder	1 Mar 1996	Other	205665
Charles Miller	Shareholder	1 Mar 1996	Other	1504899
Stephen Louis Feinberg	Shareholder	1 Mar 1996	Other	205665
John Campbell Schweitzer	Shareholder	1 Mar 1996	Other	416638
Inc. Wilmington Securities	Shareholder	1 Mar 1996	Other	51-0114700
Partners Lp Dorser	Shareholder	1 Mar 1996	Other	205665
Andrew Watson Eberhart	Chief investment officer	1 Feb 1999	Other	2594054
Mark James Laskow	Ceo	1 Sep 2000	Other	4397355
Inc. Wilmington Securities	Shareholder	1 Apr 2001	Other	51-0114700
David R Lovejoy	Chief operating officer	1 Aug 2001	Other	4519132
Perry Alan Lerner	Director & shareholder	1 May 2002	Other	4714663
J David Rosenberg	Director & shareholder	1 May 2002	Other	4714665
Mark David Lerdal	Director & shareholder	1 May 2002	Other	4714660
David R Lovejoy	Managing director, cco & coo	1 Sep 2002	Other	2866021
Andrew Watson Eberhart	Shareholder	1 Nov 2002	Other	2594054
Andrew Watson Eberhart	Shareholder	1 Jan 2003	Other	2594054
Gregory Richard Friedman	Managing director & cio	1 Dec 2005	Other	2132592
David R Lovejoy	Chief compliance officer, cfo & managing director	1 Jan 2009	Other	2866021
Gregory Richard Friedman	President, cio & managing director	1 Jan 2009	Other	2132592
Gretchen M. Shoup	Chief operating officer	1 Jan 2009	Other	5838914
Mark James Laskow	Managing director	1 Jan 2012	Other	4397355
Gregory Richard Friedman	Ceo, cio & managing director	1 Jan 2012	Other	2132592
Gretchen M. Shoup	Coo & managing director	1 Jan 2012	Other	5838914
James Edward Foster	Chief investment office & managing director	1 May 2013	Other	1055380
David R Lovejoy	Managing director	1 Oct 2014	Other	2866021
Gretchen M. Shoup	Chief compliance officer, coo & managing director	1 Oct 2014	Other	5838914
David Richard Lovejoy	Managing director	1 Oct 2014	Other	2866021
Gretchen Marie Shoup	Chief compliance officer, chief operating officer & managing director	1 Oct 2014	Other	5838914

Based in Pittsburgh

The principal office where Greycourt & Co., Inc. performs its advisory services is located at 2100 Wharton Street, Pittsburgh, PA 15203, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 412-361-0100 or by fax 412-361-0300. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at greycourt.com.