Grace & White, Inc.

Overview

Grace & White, Inc. is a New York-based investment adviser specializing in discretionary investment supervisory services for high net worth individuals and institutions. Founded in 1977, the firm tailors portfolios to each client's financial objectives and risk tolerance, focusing on equity securities, debt securities, mutual funds, exchange-traded funds, government bonds, convertible securities, and partnerships. The firm employs a team of investment professionals, led by President Gerald I. White, CFA, and Executive Vice-President Marc E. Ravitz, CFA. The firm's investment strategy involves selecting investments based on fundamental analysis, emphasizing conservative accounting methods and companies that do not engage in high-risk activities. Portfolios are managed individually, accommodating client-directed exclusions and providing both discretionary and non-discretionary account management. Grace & White, Inc. requires a minimum account size of $1 million to open an account, with fees typically set at 1.00% of assets under management for the first $1 million and 0.60% for amounts exceeding $1 million. As of June 30, 2025, the firm reported assets under management of approximately $919 million, managing 134 holdings across 183 client accounts. The firm's client base includes retail investors, high net worth individuals, pension plans, charitable organizations, and corporations. Grace & White, Inc. is registered with the Securities and Exchange Commission and operates under a fiduciary duty, prioritizing clients' interests and avoiding conflicts of interest by not engaging in investment banking or managing corporate pension funds. Investment requirements include a minimum account size of $1 million, which may be waived. The firm does not charge performance-based fees and acts as a fiduciary, putting clients' interests first. Clients have the option to direct brokerage to a specific firm, and the firm provides detailed quarterly account reviews and reports. Grace & White, Inc. also exercises investment discretion in selecting securities for client accounts, ensuring alignment with stated investment objectives.