# Grey Ledge Advisors, LLC

> 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.

- CRD: 124867
- Filed as: GREY LEDGE ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Guilford, CT
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/124867
- AdvisorCensus page: https://advisorcensus.com/firm/grey-ledge-advisors-llc-guilford-ct-124867

## Quick answers

**How is Grey Ledge Advisors, LLC compensated?**
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).

**Where is Grey Ledge Advisors, LLC located?**
Grey Ledge Advisors, LLC's principal office is in Guilford, CT, according to its Form ADV.

**Is Grey Ledge Advisors, LLC registered with the SEC or a state?**
Grey Ledge Advisors, LLC is an SEC-registered investment advisory firm, registered since 2003. Status as filed: Approved. CRD 124867.

**How much does Grey Ledge Advisors, LLC manage?**
Grey Ledge Advisors, LLC reports $616,042,789 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Grey Ledge Advisors, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Grey Ledge Advisors, LLC serve?**
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).

**Which custodians does Grey Ledge Advisors, LLC use?**
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.

**Does Grey Ledge Advisors, LLC report any disciplinary disclosures?**
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

**What changed in Grey Ledge Advisors, LLC's recent Form ADV filings?**
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).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $616,042,789
- Discretionary: $616,042,789
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 657 | $106,633,807 |
| High net worth individuals | 142 | $432,559,850 |
| Banking or thrift institutions | Fewer than 5 | $16,934,820 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 55 | $42,042,016 |
| Charitable organizations | Fewer than 5 | $1,377,887 |
| Corporations or other businesses not listed above | 33 | $16,494,409 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2003 (23 years)
- Employees: 12 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, IL, MA, MD, ME, NC, NE, NH, NJ, NY, OK, PA, RI, SC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- greyledge.com
- LinkedIn @grey-ledge-advisors

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $423,469,061 | 14 | March 15, 2021 |
| October 2022 | $529,977,445 | 12 | May 24, 2022 |
| October 2023 | $451,965,782 | 13 | March 10, 2023 |
| October 2024 | $475,013,328 | 13 | August 21, 2024 |
| October 2025 | $540,432,340 | 14 | March 4, 2025 |
| October 2026 | $616,042,789 | 12 | March 30, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- 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).

### December 2025
- Changed its legal name from GSB Wealth Management, LLC to Grey Ledge Advisors, LLC.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Grey Ledge Advisors, LLC (CRD 124867): Form ADV filing data as of October 2026.