Granite State Capital Management, LLC

Granite State Capital Management provides discretionary portfolio management and stock‑picking services primarily to individual and high‑net‑worth clients, concentrating on equities and American Depositary Receipts. The firm documents client goals and risk tolerance in an Investment Policy Statement and does not hold client funds or securities.

Its investment approach is value‑oriented and based on fundamental analysis with long time horizons (generally ten years or more), and the adviser implements portfolios under discretionary authority. Clients receive regular monitoring and at least quarterly reporting through their custodian, and the firm requires accounts to be custodied at Interactive Brokers.

The brochure highlights that the firm accepts performance‑based compensation for qualified clients and applies a high‑water mark and annual hurdle to those arrangements, a fee structure that is uncommon among independent advisers. It also notes operational distinctions—such as requiring a specific custodian and not aggregating trades across client accounts—that can affect trade execution and separate its practices from many peers.