The Grimm Group

The Grimm Group provides discretionary portfolio management to individuals, families, trusts and small business owners and offers financial planning to those portfolio clients at no additional charge. The firm operates as a solo-practitioner independent adviser and charges asset-based advisory fees on managed accounts subject to a stated account minimum that may be waived in certain cases.

The firm's investment approach is passive and index-based: portfolios are built from low-cost broad-market ETFs and index mutual funds (with an emphasis on S&P 500 large-cap exposure), broad bond index funds and cash, using long-term strategic asset allocation, buy-and-hold positions and periodic rebalancing (at least annually or when allocations drift by five percentage points). Investments are limited to the listed fund types (the firm does not purchase individual stocks, options, margin, leveraged/inverse funds, private placements, cryptocurrency or other alternatives), and accounts are managed on a discretionary basis within documented client objectives and any written restrictions.

Noteworthy characteristics include that the firm currently reports zero advisory clients and $0 in assets under management, and the principal operates multiple non-investment businesses (including consumer product ventures and a product line owned by the firm) that the brochure says are tracked separately and are not solicited to advisory clients. Operational practices that differ from many peers include a stated policy not to aggregate client trades, leaving proxy voting to clients, and being deemed to have custody solely because advisory fees are deducted directly from client custodial accounts; the firm discloses a business continuity and succession plan to address the key-person risk of a single-adviser practice.