David Gray Consulting LLC

The firm provides discretionary investment management, financial planning, and retirement-plan advisory services to a mix of individual and high‑net‑worth clients as well as trusts, estates, corporations, retirement plans, pensions, and charitable organizations. Services described in the brochure include customized portfolios constructed mainly with low‑cost mutual funds and ETFs, occasional use of individual stocks, bonds and options, written financial plans or consultations, and ERISA‑focused plan oversight and vendor analysis.

The advisor describes a primarily long‑term, customized investment approach that uses fundamental, technical and cyclical analysis and may rebalance or trade more actively when client objectives or market conditions warrant. The firm also offers an alternative performance‑based fee option (a mark‑to‑market P&L fee of 10–30% with a high‑water mark and lookback periods) and discloses the use of derivatives, short positions and portfolio borrowing (including Interactive Brokers’ Portfolio Line of Credit) for qualified accounts.

Notable differences from many solo independent advisers include the combination of ERISA 3(21)/3(38) retirement plan services and pension consulting with the availability of performance‑based fees and margin/derivative strategies, and participation in an institutional custody program that provides institutional benefits and block‑trading capabilities. The firm also discloses that its principal maintains a full‑time outside role as a project controls manager—an operational detail prospective clients may wish to consider when evaluating availability and service capacity.