Grey Ledge Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Grey Ledge Advisors reports 887 clients. They include 657 individual clients, 142 high-net-worth individuals, and 55 pension and profit-sharing plans. Of its assets, 100.0% ($616M across 1,575 accounts) are managed with discretion. Of its clients, 1% are outside the U.S. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 74% | 17% |
| High-net-worth individuals | 16% | 70% |
| Banking or thrift institutions | Fewer than 5 | 3% |
| Pension and profit-sharing plans | 6% | 7% |
| Charitable organizations | Fewer than 5 | <1% |
| Other client typesCorporations and other businesses | 4% | 3% |
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) | 657 | $107M | 17.3% | $162K |
| High-net-worth individuals | 142 | $433M | 70.2% | $3.05M |
| Banking or thrift institutions | Fewer than 5 | $16.9M | 2.7% | — |
| Pension and profit-sharing plans | 55 | $42M | 6.8% | $764K |
| Charitable organizations | Fewer than 5 | $1.38M | 0.2% | — |
| Corporations and other businesses | 33 | $16.5M | 2.7% | $500K |
| Total | 887 | $616M | 100% | — |
- Clients
- 657
- Regulatory AUM
- $107M
- AUM share
- 17.3%
- Avg. per client
- $162K
- Clients
- 142
- Regulatory AUM
- $433M
- AUM share
- 70.2%
- Avg. per client
- $3.05M
- Clients
- Fewer than 5
- Regulatory AUM
- $16.9M
- AUM share
- 2.7%
- Avg. per client
- —
- Clients
- 55
- Regulatory AUM
- $42M
- AUM share
- 6.8%
- Avg. per client
- $764K
- Clients
- Fewer than 5
- Regulatory AUM
- $1.38M
- AUM share
- 0.2%
- Avg. per client
- —
- Clients
- 33
- Regulatory AUM
- $16.5M
- AUM share
- 2.7%
- Avg. per client
- $500K
Total
- Clients
- 887
- Regulatory AUM
- $616M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Grey Ledge Advisors charges 0.87%–1.00% a year for its Individual portfolio management fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M and above | 0.87% |
Fee details and sources
Other fees
- Consulting services
- Consulting services are billed at $300.00 an hour, invoiced when the consultation concludes or as the firm deems appropriate.
Ascend Bank owns 75% or more of Grey Ledge Advisors. The leadership team of Grey Ledge Advisors includes President Michael Schulitz, Chief Investment Officer Jason Kish and Chief Compliance Officer Colleen Venter. It has 12 employees, 4 of them in advisory roles.
Leadership
- Michael SchulitzPresident/CEO
- Colleen VenterChief Compliance Officer
- Jason KishCo-Chief Investment Officer
- Brant WalkerCo-Chief Investment Officer
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
Staff
- 12 employees
- 4 in advisory functions
- 8 state-registered reps
- 5 insurance agents
- Owns 75% or more of Grey Ledge Advisors, LLC
Ascend Bank
Control person · since December 2017
Grey Ledge Advisors’ regulatory assets grew from $423M (March 2021) to $616M (March 2026); clients rose from 627 to 887 and employees fell from 14 to 12. In 2021, Ctma Holdings (Ctma Wealth Management) joined it.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $616M | 887 | 12 | 1 |
| March 2025 | $540M | 829 | 14 | 2 |
| February 2024 | $475M | 838 | 13 | 3 |
| March 2023 | $452M | 790 | 13 | 3 |
| May 2022 | $530M | 791 | 12 | 4 |
| March 2021 | $423M | 627 | 14 | 4 |
Firms that joined
20211 joined
- Ctma Holdings (Ctma Wealth Management)No filed AUM
Firms whose SEC withdrawal reports a sale to this firm, and deals reported in the press. Teams that moved without selling a registered firm may not appear.
Besides its headquarters, Grey Ledge Advisors has 0 offices, with 1 listed address in Connecticut.
Connecticut · 1 listed address
- One Park Street, GuilfordHQ
Contact and registration details
- Legal name
- Grey Ledge Advisors, LLC
- Headquarters
- One Park Street, Guilford, CT 06437
- Website
- greyledge.com
- Phone
- 203-453-9075
- @grey-ledge-advisors
- SEC file
- 801-61932
- Structure
- Connecticut LLC
- Fiscal year end
- December
Grey Ledge Advisors uses Fidelity ($390M, 63%) and Charles Schwab ($226M, 37%) as custodians for its separately managed accounts. Grey Ledge Advisors has custody of $113M in client assets for 181 clients.
- FidelityFidelity Brokerage Services LLC · Smithfield, RI · $390M63%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $226M37%
At year end, Grey Ledge Advisors’ separately managed accounts were largely in funds (49%) and stocks (40%). Its reported 13F holdings for the quarter ended 30 June 2026 total $498M across 248 positions; the largest are iShares Core S&P 500 ETF (5.2%), Wisdomtree Floating Rate Treasury Fund (2.8%) and Pimco Multisector Bond Active Exchange-traded Fund (2.6%).
What the accounts hold
- Stocks40%
- Funds49%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash9%
Reported 13F holdings
- $498M
- Reported 13F value
- 248
- Positions
- 25.5%
- In the 10 largest
- +12.4%
- Value vs. prior quarter
- iShares Core S&P 500 ETFETF5.2%
- Wisdomtree Floating Rate Treasury FundETF2.8%
- Pimco Multisector Bond Active Exchange-traded FundETF2.6%
- Schwab Fundamental U.S. Small Company ETFETF2.5%
- Wisdomtree Yield Enhanced U.S. Aggregate Bond FundETF2.4%
- Advanced Micro Devices Inc.2.3%
- Schwab International Equity ETFETF2.1%
- Apple Inc.2.1%
- Harbor International Compounders ETFETF2.0%
- Schwab U.S. Large-cap Growth ETFETF1.6%
Together, the ten largest are 25.5% of reported value.
How many clients does Grey Ledge Advisors have?
Grey Ledge Advisors has 887 clients and manages $616 million for them, as of March 2026. They include 657 individual clients, 142 high-net-worth individuals, and 55 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Grey Ledge Advisors offer?
Grey Ledge Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Grey Ledge Advisors charge?
Grey Ledge Advisors charges 0.87%–1.00% a year for its Individual portfolio management fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does Grey Ledge Advisors use?
Grey Ledge Advisors’ separately managed account assets are held at Fidelity Brokerage Services LLC (Smithfield, RI), with $390M and Charles Schwab & Co., Inc. (Westlake, TX), with $226M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Grey Ledge Advisors have?
Grey Ledge Advisors has 8 investment adviser representatives registered with state securities authorities, out of 12 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 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 Grey Ledge Advisors invest in?
At the end of its last fiscal year, Grey Ledge Advisors’ separately managed accounts held 49% registered funds (mutual funds, ETFs, BDCs), 40% exchange-traded equities, 9% cash and equivalents, 1% 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 Grey Ledge Advisors?
Grey Ledge Advisors’ direct owner is Ascend Bank (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Grey Ledge Advisors get paid?
Grey Ledge Advisors 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
Is Grey Ledge Advisors registered with the SEC?
Yes, Grey Ledge Advisors has been registered with the SEC as an investment adviser since 27 March 2003. Its CRD number is 124867 and its SEC file number is 801-61932.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Grey Ledge Advisors?
Grey Ledge Advisors’ main office is at One Park Street, Guilford, CT 06437. Its phone number is 203-453-9075. Its website is greyledge.com.