# Gritstone Asset Management LLC

> Gritstone Asset Management LLC is an SEC-registered investment advisory firm in Bethesda, MD, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 19, 2026.

- CRD: 298500
- Filed as: GRITSTONE ASSET MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bethesda, MD
- Filing period: October 2026
- Form ADV filing dated: March 19, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298500
- AdvisorCensus page: https://advisorcensus.com/firm/gritstone-asset-management-llc-bethesda-md-298500

## Quick answers

**How is Gritstone Asset Management LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Gritstone Asset Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**How much does Gritstone Asset Management LLC charge?**
Its Form ADV Part 2A brochure dated March 19, 2026 states: Asset-based fee: up to 2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Gritstone Asset Management LLC located?**
Gritstone Asset Management LLC's principal office is in Bethesda, MD, according to its Form ADV.

**Is Gritstone Asset Management LLC registered with the SEC or a state?**
Gritstone Asset Management LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 298500.

**How much does Gritstone Asset Management LLC manage?**
Gritstone Asset Management LLC reports $114,882,356 in regulatory assets under management in its Form ADV filing dated March 19, 2026 (100% discretionary).

**How have Gritstone Asset Management LLC's assets and staff changed since 2022?**
In the Form ADV data for Gritstone Asset Management LLC: Regulatory assets under management: $113,000,000 in the October 2022 data and $114,882,356 in the October 2026 data, up 2%. Total employees: 5 in October 2022 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Gritstone Asset Management LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Gritstone Asset Management LLC use?**
Gritstone Asset Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists BNY Mellon, National Financial Services LLC and Pershing LLC as custodians holding 10% or more of its separately managed account assets.

**Does Gritstone Asset Management 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/298500

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 19, 2026)

- Asset-based fee: up to 2% of assets a year (the maximum the brochure states)

> The Company generally receives a management fee equal to a percentage (up to 2.0% annually) of capital commitments, contributed capital or net asset value pursuant to the terms of each Private Fund’s or SMA’s governing documents.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- BNY Mellon
- National Financial Services LLC
- Pershing 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: $114,882,356
- Discretionary: $114,882,356
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $16,339,189 |
| Charitable organizations | Fewer than 5 | $80,214,562 |
| Other | Fewer than 5 | $18,328,605 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2022 (4 years)
- Employees: 4 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MD
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [gritam.com](https://gritam.com)
- [gritstoneam.com](https://gritstoneam.com)
- LinkedIn @gritstone-asset-management

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $113,000,000 | 5 | August 10, 2022 |
| October 2023 | $109,800,000 | 5 | March 8, 2023 |
| October 2024 | $104,400,000 | 5 | February 16, 2024 |
| October 2025 | $106,351,918 | 4 | March 31, 2025 |
| October 2026 | $114,882,356 | 4 | March 19, 2026 |

Regulatory assets under management: $113,000,000 in the October 2022 data and $114,882,356 in the October 2026 data, up 2%.
Total employees: 5 in October 2022 and 4 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Gritstone Asset Management LLC (CRD 298500): Form ADV filing data as of October 2026.