{
  "crd_number": 124867,
  "slug": "grey-ledge-advisors-llc-guilford-ct-124867",
  "primary_business_name": "GREY LEDGE ADVISORS, LLC",
  "legal_name": "GREY LEDGE ADVISORS, LLC",
  "dbas": [],
  "city": "Guilford",
  "state": "CT",
  "country": "United States",
  "cbsa_code": "35300",
  "metro": {
    "cbsa_code": "35300",
    "common_name": "New Haven",
    "msa_name": "New Haven, CT",
    "path": "/advisors/ct/new-haven"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2003-03-27",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 616042789.0,
  "raum_discretionary": 616042789.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 12,
  "advisory_employees": 4,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 1377887.0,
      "count": null,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 106633807.0,
      "count": 657
    },
    "banking_thrift": {
      "raum": 16934820.0,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 42042016.0,
      "count": 55
    },
    "high_net_worth_individuals": {
      "raum": 432559850.0,
      "count": 142
    },
    "corporations_other_businesses": {
      "raum": 16494409.0,
      "count": 33
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "other",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CT",
    "FL",
    "IL",
    "MA",
    "MD",
    "ME",
    "NC",
    "NE",
    "NH",
    "NJ",
    "NY",
    "OK",
    "PA",
    "RI",
    "SC",
    "TX"
  ],
  "websites": [
    "https://greyledge.com",
    "https://linkedin.com/company/grey-ledge-advisors/mycompany"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124867",
  "city_as_filed": "GUILFORD",
  "url": "https://advisorcensus.com/firm/grey-ledge-advisors-llc-guilford-ct-124867",
  "display_name": "Grey Ledge Advisors, LLC",
  "summary": "Grey Ledge Advisors, LLC is an SEC-registered investment advisory firm in Guilford, CT, registered since 2003, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Grey Ledge Advisors, LLC (CRD 124867): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Grey Ledge Advisors, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Grey Ledge Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "Where is Grey Ledge Advisors, LLC located?",
      "a": "Grey Ledge Advisors, LLC's principal office is in Guilford, CT, according to its Form ADV."
    },
    {
      "q": "Is Grey Ledge Advisors, LLC registered with the SEC or a state?",
      "a": "Grey Ledge Advisors, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 124867."
    },
    {
      "q": "How much does Grey Ledge Advisors, LLC manage?",
      "a": "Grey Ledge Advisors, LLC reports $616,042,789 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Grey Ledge Advisors, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Grey Ledge Advisors, LLC: Regulatory assets under management: $423,469,061 in the October 2021 data and $616,042,789 in the October 2026 data, up 45%. Total employees: 14 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Grey Ledge Advisors, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (657); high net worth individuals (142); pension and profit sharing plans (but not the plan participants or government pension plans) (55)."
    },
    {
      "q": "Which custodians does Grey Ledge Advisors, LLC use?",
      "a": "Grey Ledge Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Grey Ledge Advisors, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/124867"
    },
    {
      "q": "What changed in Grey Ledge Advisors, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 7 to 4. Regulatory assets under management went from $540,432,340 to $616,042,789 (+14%). Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 423469061.0,
      "total_employees": 14,
      "filing_date": "2021-03-15"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 529977445.0,
      "total_employees": 12,
      "filing_date": "2022-05-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 451965782.0,
      "total_employees": 13,
      "filing_date": "2023-03-10"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 475013328.0,
      "total_employees": 13,
      "filing_date": "2024-08-21"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 540432340.0,
      "total_employees": 14,
      "filing_date": "2025-03-04"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 616042789.0,
      "total_employees": 12,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 7 to 4.",
        "Regulatory assets under management went from $540,432,340 to $616,042,789 (+14%).",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Changed its legal name from GSB Wealth Management, LLC to Grey Ledge Advisors, LLC.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/grey-ledge-advisors-llc-guilford-ct-124867.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 657,
      "fewer_than_5": false,
      "raum": 106633807.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 142,
      "fewer_than_5": false,
      "raum": 432559850.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 16934820.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 55,
      "fewer_than_5": false,
      "raum": 42042016.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 1377887.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 33,
      "fewer_than_5": false,
      "raum": 16494409.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/124867",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}