Grossman Financial Management provides investment management and financial planning services to individuals, high-net-worth individuals, trusts, estates, and retirement plans. Led by Lawrence I. Grossman, the firm crafts customized portfolios using stocks, bonds, mutual funds, exchange-traded funds, options, and other securities, with ongoing portfolio monitoring and reviews. The firm operates on a non-discretionary basis, meaning clients must approve trades before they are executed. In addition to managing investments, Grossman Financial Management offers financial planning and consultations on a fixed-fee or hourly basis. The firm has no account minimums and works closely with clients to address retirement, tax, and estate planning goals.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $250K | 1.10% |
| $250K - $500K | 0.83% |
| $500K - $750K | 0.66% |
| $750K - $1.0M | 0.49% |
| $1.0M - $1.5M | 0.33% |
| $1.5M - $2.0M | 0.22% |
| $2M+ | 0.11% |
Fees are prorated and billed quarterly in advance based on the account balance at the end of the previous period. Fees are not negotiable.