{
  "crd_number": 109420,
  "slug": "grimes-and-company-westborough-ma-109420",
  "primary_business_name": "GRIMES & COMPANY",
  "legal_name": "GRIMES & COMPANY WEALTH MANAGEMENT, LLC",
  "dbas": [],
  "city": "Westborough",
  "state": "MA",
  "country": "United States",
  "cbsa_code": "49340",
  "metro": {
    "cbsa_code": "49340",
    "common_name": "Worcester",
    "msa_name": "Worcester, MA",
    "path": "/advisors/ma/worcester"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2000-01-28",
  "years_registered": 26,
  "period": "2026-10-01",
  "filing_date": "2026-09-30",
  "carried_forward": false,
  "raum_total": 6298759513.0,
  "raum_discretionary": 6122963410.0,
  "raum_non_discretionary": 175796103.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 69,
  "advisory_employees": 36,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 120219330.0,
      "count": 26
    },
    "individuals": {
      "raum": 877949502.0,
      "count": 1877
    },
    "state_municipal": {
      "raum": 525884.0,
      "count": null,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 248057700.0,
      "count": 41
    },
    "other_investment_advisers": {
      "raum": 54638987.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 4903565756.0,
      "count": 1783
    },
    "corporations_other_businesses": {
      "raum": 93802354.0,
      "count": 37
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://facebook.com/Grimes-Company-Inc-102041788573005",
    "https://grimesco.com",
    "https://linkedin.com/COMPANY/GRIMES-&-COMPANY",
    "https://linkedin.com/in/adam-clark-6119a28a",
    "https://linkedin.com/in/chris-deeley-a013652",
    "https://linkedin.com/in/cody-forbush-mba-cfp%C2%AE-b8360a12",
    "https://linkedin.com/in/davidbarlow",
    "https://linkedin.com/in/davidrobertsne",
    "https://linkedin.com/in/emily-wood-b1464795",
    "https://linkedin.com/in/gordon-thomas-baystate",
    "https://linkedin.com/in/janelle-coulman-17ba4665",
    "https://linkedin.com/in/jaybarrett5",
    "https://linkedin.com/in/jennifer-a-moran-cfp%C2%AE-aep%C2%AE-7a046821",
    "https://linkedin.com/in/jordan-letendre-cfp%C2%AE-59316016",
    "https://linkedin.com/in/joseph-hodgkins-449b4359",
    "https://linkedin.com/in/justin-davis-1109b390",
    "https://linkedin.com/in/karenpkelly",
    "https://linkedin.com/in/kevin-grimes-17667412",
    "https://linkedin.com/in/michael-grenon-9449262",
    "https://linkedin.com/in/michael-maguire",
    "https://linkedin.com/in/molly-grimes-cfp%C2%AE-2707a354",
    "https://linkedin.com/in/neal-french-b871391",
    "https://linkedin.com/in/pat-melvin-cfp%C2%AE-5834942b",
    "https://linkedin.com/in/patricia-lavoie-871955135",
    "https://linkedin.com/in/sam-cregg",
    "https://linkedin.com/in/sean-donovan-cfp3ab592",
    "https://linkedin.com/in/sean-kommerstad",
    "https://linkedin.com/in/thomas-grimes-cfp%C2%AE-3606262",
    "https://linkedin.com/in/timothyrheaume",
    "https://linkedin.com/in/toddandrewherman",
    "https://linkedin.com/in/tom-dunlap-cfa",
    "https://youtube.com/@grimesandcompany"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/109420",
  "city_as_filed": "WESTBOROUGH",
  "url": "https://advisorcensus.com/firm/grimes-and-company-westborough-ma-109420",
  "display_name": "Grimes & Company",
  "summary": "Grimes & Company is an SEC-registered investment advisory firm in Westborough, MA, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.",
  "citation": "AdvisorCensus. Grimes & Company (CRD 109420): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Grimes & Company compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Grimes & Company reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Grimes & Company charge?",
      "a": "Its Form ADV Part 2A brochure dated August 25, 2026 states: Up to $500,000: 1.25% a year; $500,000.01 to $2,000,000: 1% a year; $2,000,000.01 to $7,000,000: 0.75% a year; $7,000,000.01 to $10,000,000: 0.65% a year; Above $10,000,000.01: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Grimes & Company located?",
      "a": "Grimes & Company's principal office is in Westborough, MA, according to its Form ADV; the October 2026 filing also lists 12 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Grimes & Company registered with the SEC or a state?",
      "a": "Grimes & Company is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 109420."
    },
    {
      "q": "How much does Grimes & Company manage?",
      "a": "Grimes & Company reports $6,298,759,513 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (97% discretionary)."
    },
    {
      "q": "How have Grimes & Company's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Grimes & Company: Regulatory assets under management: $3,459,680,646 in the October 2021 data and $6,298,759,513 in the October 2026 data, up 82%. Total employees: 37 in October 2021 and 69 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Grimes & Company serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,877); high net worth individuals (1,783); pension and profit sharing plans (but not the plan participants or government pension plans) (41)."
    },
    {
      "q": "Which custodians does Grimes & Company use?",
      "a": "Grimes & Company's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Grimes & Company 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/109420"
    },
    {
      "q": "What changed in Grimes & Company's recent Form ADV filings?",
      "a": "In the September 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 3459680646.0,
      "total_employees": 37,
      "filing_date": "2021-09-15"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 4424601462.0,
      "total_employees": 44,
      "filing_date": "2022-09-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 4177576069.0,
      "total_employees": 51,
      "filing_date": "2023-09-12"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 4850369010.0,
      "total_employees": 37,
      "filing_date": "2024-08-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 5592556041.0,
      "total_employees": 53,
      "filing_date": "2025-06-13"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 6298759513.0,
      "total_employees": 69,
      "filing_date": "2026-09-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-09-01",
      "period_label": "September 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 29 to 36.",
        "Regulatory assets under management went from $5,592,556,041 to $6,298,759,513 (+13%).",
        "Added an office in Phoenix, AZ."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated August 25, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $500,000",
        "rate": "1.25%"
      },
      {
        "band": "$500,000.01 to $2,000,000",
        "rate": "1%"
      },
      {
        "band": "$2,000,000.01 to $7,000,000",
        "rate": "0.75%"
      },
      {
        "band": "$7,000,000.01 to $10,000,000",
        "rate": "0.65%"
      },
      {
        "band": "Above $10,000,000.01",
        "rate": "0.5%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $500,000: 1.25% a year",
          "$500,000.01 to $2,000,000: 1% a year",
          "$2,000,000.01 to $7,000,000: 0.75% a year",
          "$7,000,000.01 to $10,000,000: 0.65% a year",
          "Above $10,000,000.01: 0.5% a year"
        ],
        "quotes": [
          "Annual management fees are calculated as a percentage (%) of the market valuation of assets under management, generally in accordance with the following published schedule of fees.",
          "Under $500,000 1.25%\n$500,000.01- $2,000,000 1.00%\n$2,000,000.01- $7,000,000 0.75%\n$7,000,000.01- $10,000,000 0.65%\nOver $10,000,000.01 0.50%"
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 500000.0,
          "rate_pct": 1.25
        },
        {
          "min": 500000.01,
          "max": 2000000.0,
          "rate_pct": 1.0
        },
        {
          "min": 2000000.01,
          "max": 7000000.0,
          "rate_pct": 0.75
        },
        {
          "min": 7000000.01,
          "max": 10000000.0,
          "rate_pct": 0.65
        },
        {
          "min": 10000000.01,
          "max": null,
          "rate_pct": 0.5
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Annual management fees are calculated as a percentage (%) of the market valuation of assets under management, generally in accordance with the following published schedule of fees.",
      "Under $500,000 1.25%\n$500,000.01- $2,000,000 1.00%\n$2,000,000.01- $7,000,000 0.75%\n$7,000,000.01- $10,000,000 0.65%\nOver $10,000,000.01 0.50%"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "National Financial Services LLC",
      "name_as_filed": "NATIONAL FINANCIAL 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/grimes-and-company-westborough-ma-109420.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1877,
      "fewer_than_5": false,
      "raum": 877949502.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 1783,
      "fewer_than_5": false,
      "raum": 4903565756.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 41,
      "fewer_than_5": false,
      "raum": 248057700.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 26,
      "fewer_than_5": false,
      "raum": 120219330.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 525884.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 54638987.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 37,
      "fewer_than_5": false,
      "raum": 93802354.0
    }
  ],
  "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/109420",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}