Graybill Wealth Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 11–25 clients last fiscal year.
Graybill Wealth Management reports 269 clients. They include 168 individual clients and 101 high-net-worth individuals. Of its assets, 96.1% ($505M across 616 accounts) are managed with discretion; $20.3M across 34 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 14% |
| High-net-worth individuals | 38% | 83% |
| Pension and profit-sharing plans | Fewer than 5 | 2% |
| Charitable organizations | Fewer than 5 | 1% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 168 | $73.5M | 14.0% | $437K |
| High-net-worth individuals | 101 | $436M | 83.0% | $4.32M |
| Pension and profit-sharing plans | Fewer than 5 | $7.91M | 1.5% | — |
| Charitable organizations | Fewer than 5 | $7.26M | 1.4% | — |
| Corporations and other businesses | Fewer than 5 | $787K | 0.1% | — |
| Total | 269 | $526M | 100% | — |
- Clients
- 168
- Regulatory AUM
- $73.5M
- AUM share
- 14.0%
- Avg. per client
- $437K
- Clients
- 101
- Regulatory AUM
- $436M
- AUM share
- 83.0%
- Avg. per client
- $4.32M
- Clients
- Fewer than 5
- Regulatory AUM
- $7.91M
- AUM share
- 1.5%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $7.26M
- AUM share
- 1.4%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $787K
- AUM share
- 0.1%
- Avg. per client
- —
Total
- Clients
- 269
- Regulatory AUM
- $526M
- 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
- 11–25
Graybill Wealth Management charges 0.50%–1.00% a year for its Portfolio Fee Schedule. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$5M | 0.75% |
| $5M and above | 0.50% |
Fee details and sources
Philip Karlson owns 75% or more of Graybill Wealth Management. The leadership team of Graybill Wealth Management includes President David Canfield. It has 5 employees, 2 of them in advisory roles.
Leadership
- David CanfieldExecutive Vice President
- Donald CanfieldExecutive Vice President
- Philip KarlsonPresident, CCO
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
- Steven M Bartz
Staff
- 5 employees
- 2 in advisory functions
- Owns 75% or more of Graybill Wealth Management, LTD.
Philip Karlson
Control person · since July 2017
- Owns 10% to 25% of Graybill Wealth Management, LTD.
David Canfield
since September 2019
Graybill Wealth Management’s regulatory assets grew 2.0× from $266M (August 2020) to $526M (March 2026); clients rose from 213 to 269 and employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $526M | 269 | 5 | 1 |
| February 2025 | $427M | 241 | 5 | 1 |
| March 2024 | $371M | 244 | 5 | 1 |
| February 2023 | $320M | 233 | 5 | 1 |
| May 2022 | $362M | 210 | 5 | 1 |
| August 2020 | $266M | 213 | 5 | 1 |
Besides its headquarters, Graybill Wealth Management has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 135 S Cottage Hill Ave, ElmhurstHQ
Contact and registration details
- Legal name
- Graybill Wealth Management, LTD.
- Headquarters
- 135 S Cottage Hill Ave, Elmhurst, IL 60126
- Website
- graybillwealth.com
- Phone
- 630-941-9460
- SEC file
- 801-5921
- Founded
- 1969
- Structure
- Illinois corporation
- Fiscal year end
- December
Graybill Wealth Management uses Fidelity ($408M, 78%) and Charles Schwab ($117M, 22%) as custodians for its separately managed accounts. Graybill Wealth Management has custody of $81.8M in client assets for 37 clients.
- FidelityNational Financial Services LLC · Boston, MA · $408M78%
- Charles SchwabCharles Schwab & Co., Inc. · Orlando, FL · $117M22%
At year end, Graybill Wealth Management’s separately managed accounts were mostly in stocks (65%) and bonds (23%). Its reported 13F holdings for the quarter ended 30 June 2026 total $372M across 82 positions; the largest are Flex Ltd (5.7%), Alphabet Inc. (5.1%) and Apple Inc. (4.2%).
What the accounts hold
- Stocks65%
- Exchange-traded equities64%
- Non-exchange-traded equities1%
- Funds2%
- Bonds23%
- Investment grade corporate bonds14%
- U.S. government and agency bonds6%
- State and local bonds2%
- High-yield corporate bonds1%
- Cash8%
- Other2%
- Gld spdr gold shares $12,940,048 grayscale bitcoin trust $673,4652%
Reported 13F holdings
- $372M
- Reported 13F value
- 82
- Positions
- 34.6%
- In the 10 largest
- +13.1%
- Value vs. prior quarter
- Flex Ltd5.7%
- Alphabet Inc.5.1%
- Apple Inc.4.2%
- iShares Core Emerging Markets ETFETF3.3%
- SPDR Gold SharesETF3.3%
- ASML Hldg NV N Y Registry Shs · ADR2.7%
- Amazon.com Inc.2.7%
- Broadcom Inc.2.6%
- iShares 1-3 Year Treasury Bond ETFETF2.6%
- iShares 7-10 Year Treasury Bond ETFETF2.5%
Together, the ten largest are 34.6% of reported value.
How many clients does Graybill Wealth Management have?
Graybill Wealth Management has 269 clients and manages $526 million for them, as of March 2026. They include 168 individual clients and 101 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 March 2026
What services does Graybill Wealth Management offer?
Graybill Wealth Management provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Graybill Wealth Management charge?
Graybill Wealth Management charges 0.50%–1.00% a year for its Portfolio Fee Schedule. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does Graybill Wealth Management use?
Graybill Wealth Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $408M and Charles Schwab & Co., Inc. (Orlando, FL), with $117M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 March 2026
How many financial advisors does Graybill Wealth Management have?
Graybill Wealth Management has 0 investment adviser representatives registered with state securities authorities, out of 5 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Graybill Wealth Management invest in?
At the end of its last fiscal year, Graybill Wealth Management’s separately managed accounts held 64% exchange-traded equities, 14% investment grade corporate bonds, 8% cash and equivalents, 6% U.S. government and agency bonds, 2% state and local bonds, 2% registered funds (mutual funds, ETFs, BDCs), 2% other, 1% non-exchange-traded equities and 1% high-yield corporate bonds. The 2% other category is described as: GLD SPDR Gold Shares $12,940,048 Grayscale Bitcoin Trust $673,465.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Graybill Wealth Management?
Graybill Wealth Management’s direct owners are Philip Karlson (75% or more) and David Canfield (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 10 March 2026
How does Graybill Wealth Management get paid?
Graybill Wealth Management is paid through a percentage of assets under management. 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 Graybill Wealth Management?
Graybill Wealth Management’s main office is at 135 S Cottage Hill Ave, Elmhurst, IL 60126. Its phone number is 630-941-9460. Its website is graybillwealth.com.