Grand Central Investment Group, LLC (Tampa)

Name: Grand Central Investment Group, LLC
Address: Grand Central Place, Tampa, FL, 33606
Telephone: 813-251-4200

Grand Central Investment Group, LLC is a large advisory firm based in Tampa. It manages $128.12 million of regulatory assets for 455 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Florida, New Hampshire, and 3 other states.

Grand Central Investment Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Grand Central Investment Group: assets under management

The assets under management (AUM) of Grand Central Investment Group, LLC is $128.12 million. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $100.23 million in discretionary accounts and $27.89 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $305.58 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $219.58 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 57% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 12% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Grand Central Investment Group, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Grand Central Investment Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Grand Central Investment Group is high net worth individuals with 59 clients and $88.09 million of assets under management. Among the 9 most similar advisory firms, Grand Central Investment Group has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $128.12 million for 317 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Grand Central Investment Group doesn't advise any private funds.

Careers at Grand Central Investment Group, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Charles Edwin Poe has served as the Chief Investment Officer since 1 Jan 2017. Charles Poe joined the executive team most recently as the Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Michael Bunch	Manager, cfo	1 Jul 2014	Other	6383515
Llc Grand Central Group	Member	1 Feb 2015	75% - 100%	47-2142688
Michelle Eri Halpin	Chief compliance officer	1 Feb 2015	Other	2209424
Frank Everett Cooper	Ceo, manager	1 Aug 2015	Other	53531
Charles Edwin Poe	Chief investment officer	1 Jan 2017	Other	2628408
Charles Poe	Chief investment officer	1 Jan 2017	Other	2628408

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Frank Everett Cooper	Managing member	1 Feb 2015	75% - 100%	53531

Based in Tampa

The principal office where Grand Central Investment Group, LLC performs its advisory services is located at Grand Central Place, Tampa, FL 33606, which is also the mailing address of the firm. An additional office of the firm is in Montreat, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 813-251-4200. The normal business hours are 9 a.m. to 4 p.m. on Monday - Friday. You can find more information about the New York firm at grandcentralgroup.com.