Gray Investment Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$8,539,932
Clients
33
Advisors
1
of 1 employees
About
Gray Investment Management provides discretionary portfolio management and investment supervisory services to individuals, high‑net‑worth clients, pension and profit‑sharing plans, corporations and other institutional clients. The firm also offers access to special‑situation investments — including initial public offerings, mutual bank conversions and private placements — to qualified investors.
The firm documents client goals and constraints in an Investment Policy Statement and constructs portfolios using a mix of Core, Focused and Special Situation positions, with routine monitoring and rebalancing. It employs both fundamental and technical analysis and, for qualified accounts, implements hedging and tactical strategies using leveraged/inverse ETFs, options, short sales and margin borrowing under its discretionary authority.
Notable differences from many independent advisers include the use of performance‑based fees for qualified investors on special‑situation mandates and the explicit acceptance of corporate, pension/plan and institutional clients. The firm discloses the use of borrowing and derivatives in client accounts, limits leveraged/inverse ETF exposure for hedging, and manages roughly $12 million in discretionary assets across a relatively small number of accounts.
Client services
Expertise
Fee options
$1 - $1,000,000: 2.00% $1,000,001 - $3,000,000: 1.50% $3,000,001 - $5,000,000: 1.00% $5,000,001+: 0.85%
For Special Situation Investments, 2.00% base asset management fee plus 16% to 20% performance fee on net profits based on high-water mark
Account minimum: $5,000
Main office
West Chester PA
Advisors at this office
1
Most active in
Pennsylvania
Also doing business as
Gray Investment Management LLC · Name 411 · Shearer And Gray Investment Management LLC · Shearer Investment Management LLC
Disclosures
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Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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