Granite Financial Group provides financial planning, portfolio management for individuals and small businesses, and pension consulting. Financial planning was provided to 101–250 clients last fiscal year.
Granite Financial Group reports 252 clients. They include 200 individual clients, 50 high-net-worth individuals and 1 charitable organization. Of its assets, 100.0% ($186M across 489 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $186K.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 79% | 43% |
| High-net-worth individuals | 20% | 54% |
| Charitable organizations | <1% | 3% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 200 | $80M | 43.0% | $400K |
| High-net-worth individuals | 50 | $100M | 53.7% | $2M |
| Charitable organizations | Fewer than 5 | $6.1M | 3.3% | $6.1M |
| Corporations and other businesses | Fewer than 5 | $100K | 0.1% | $100K |
| Total | 252 | $186M | 100% | — |
- Clients
- 200
- Regulatory AUM
- $80M
- AUM share
- 43.0%
- Avg. per client
- $400K
- Clients
- 50
- Regulatory AUM
- $100M
- AUM share
- 53.7%
- Avg. per client
- $2M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.1M
- AUM share
- 3.3%
- Avg. per client
- $6.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $100K
- AUM share
- 0.1%
- Avg. per client
- $100K
Total
- Clients
- 252
- Regulatory AUM
- $186M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
Granite Financial Group is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- ERISA Plan Services
- Plan services fees are a percentage of the plan's included assets that will not exceed 0.75% a year, and are negotiable.
- Financial Planning and Consulting
- Financial planning is billed at $350 per hour or as a flat fee of $1,500 to $10,000, due on delivery of the completed plan.
Thomas Dornoff owns 75% or more of Granite Financial Group. The leadership team of Granite Financial Group includes Chief Compliance Officer Thomas Dornoff. It has 2 employees.
Staff
- 2 employees
- 2 in advisory functions
- 2 state-registered reps
- 2 broker-dealer reps
- 2 insurance agents
- Owns 75% or more of Granite Financial Group, LLC
Thomas Dornoff
Control person · since August 2013
Granite Financial Group’s regulatory assets grew from $146M (February 2021) to $186M (February 2026); clients fell from 301 to 252 and employees were 2 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Feb 2026February 2026 | $186M | 252 | 2 | 1 |
| Mar 2025March 2025 | $171M | 252 | 1 | 1 |
| Feb 2024February 2024 | $149M | 247 | 1 | 1 |
| Feb 2023February 2023 | $221M | 906 | 1 | 1 |
| Jun 2022June 2022 | $185M | 508 | 1 | 1 |
| Feb 2021February 2021 | $146M | 301 | 2 | 1 |
Besides its headquarters, Granite Financial Group has 0 offices, with 1 listed address in 1 state.
Wisconsin · 1 listed address
- 175 N. Patrick BLVD., Suite 170, BrookfieldHQ
Contact and registration details
- Legal name
- Granite Financial Group, LLC
- Headquarters
- 175 N. Patrick BLVD., Suite 170, Brookfield, WI 53045-5857
- Website
- granitefgllc.com
- Phone
- 262-792-1111
- SEC file
- 801-116752
- Structure
- Wisconsin LLC
- Fiscal year end
- December
Granite Financial Group’s named custodian for separately managed accounts is LPL Financial ($186M). Granite Financial Group does not have custody of client assets.
- LPL FinancialLPL Financial LLC · Boston, MA · $186M100%
At year end, Granite Financial Group’s separately managed accounts were largely in funds (49%) and stocks (42%).
What the accounts hold
- Stocks42%
- Funds49%
- Bonds9%
- U.S. government and agency bonds8%
- Investment grade corporate bonds1%
How many clients does Granite Financial Group have?
Granite Financial Group has 252 clients and manages $186 million for them, as of February 2026. They include 200 individual clients, 50 high-net-worth individuals and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 February 2026
What services does Granite Financial Group offer?
Granite Financial Group provides financial planning, portfolio management for individuals and small businesses, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Granite Financial Group use?
Granite Financial Group’s separately managed account assets are held at LPL Financial LLC (Boston, MA), with $186M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 February 2026
How many financial advisors does Granite Financial Group have?
Granite Financial Group has 2 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. 2 employees are registered representatives of a broker-dealer and 2 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Granite Financial Group invest in?
At the end of its last fiscal year, Granite Financial Group’s separately managed accounts held 49% registered funds (mutual funds, ETFs, BDCs), 42% exchange-traded equities, 8% U.S. government and agency bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Granite Financial Group?
Granite Financial Group’s direct owner is Thomas Dornoff (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 3 February 2026
How does Granite Financial Group get paid?
Granite Financial Group is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Granite Financial Group?
Granite Financial Group’s main office is at 175 N. Patrick BLVD., Suite 170, Brookfield, WI 53045-5857. Its phone number is 262-792-1111. Its website is granitefgllc.com.
