Guides › Financial Advisor Fees
Updated September 28, 2026. Quick answer: Grimes & Company is registered with the SEC as an investment adviser (CRD #109420, confirmed ACTIVE this session via SEC IAPD). Per its own current fee brochure, a $500,000 account would run $6,250 a year under its published fee schedule. Already a client and thinking about leaving? Budget $50 at Schwab, or $49.95 at First Clearing / Wells Fargo, depending on your custodian. This review covers what its fee brochure and current SEC registration confirm today; this firm also has a fiduciary-status page and minimum-investment page on this site.
For a closer look at this firm: Grimes and Company Alternatives.
Grimes & Company at a glance
| Fact | What Grimes & Company’s own pages say |
|---|---|
| Legal entity | Grimes & Company Wealth Management, LLC |
| Registration | Grimes & Company Wealth Management, LLC is registered with the SEC as an investment adviser (CRD #109420, confirmed ACTIVE this session via SEC IAPD). |
| Fee on a $500,000 account | $6,250 a year, per its own current brochure |
| Minimum to open an account | See the minimum-investment page for Grimes & Company |
| Cost to leave (exit fee) | $50 at Schwab, or $49.95 at First Clearing / Wells Fargo, depending on your custodian |
What Grimes & Company’s own fee schedule charges
CRD 109420 is ACTIVE and SEC-registered (effective 1/28/2000), confirmed live via IAPD on 2026-09-28; the firm converted from Grimes & Company, Inc. to Grimes & Company Wealth Management, LLC under the same CRD and SEC file 801-57193. The brochure dated September 23, 2026 states $6,122,963,410 discretionary plus $175,796,103 non-discretionary regulatory AUM as of December 31, 2025, a combined $6,298,759,513 (about $6.3 billion). Grimes generally requires a minimum asset level of $500,000 ($1,000,000 for clients referred through Schwab Advisor Network or Fidelity Wealth Advisor Solutions), but discloses no separate dollar minimum annual fee.
“Market Value of Portfolio % of Assets Under $500,000 1.25% $500,000.01-$2,000,000 1.00% $2,000,000.01-$7,000,000 0.75% $7,000,000.01-$10,000,000 0.65% Over $10,000,000.01 0.50% The published fee schedule is tiered in nature. Accordingly, the fee is 1.25% for the first $500,000, 1.00% on the next $1,500,000, 0.75% for the following $5,000,000, etc.”
Grimes’ Item 5 fee schedule is marginal and tiered: 1.25% on the first $500,000, then 1.00% on the next $1,500,000, so the figures below sum each bracket’s rate against the corresponding portion of the balance; no minimum fee floor applies.
| Account balance | Annual fee |
|---|---|
| $250,000 | $3,125 |
| $500,000 | $6,250 |
| $1,000,000 | $11,250 |
| $2,000,000 | $21,250 |
See the full breakdown, including how the figure is calculated, on Grimes & Company’s own fee page.
Registration
Grimes & Company Wealth Management, LLC is registered with the SEC as an investment adviser (CRD #109420, confirmed ACTIVE this session via SEC IAPD).
This is a registration confirmation only, not a fiduciary-standard verdict (a registered investment adviser can still be a dual registrant with a broker-dealer, which changes which standard applies in each capacity). For the fiduciary-standard question itself, see the fiduciary-status page for Grimes & Company.
What it costs to leave
Grimes & Company Wealth Management, LLC’s Form ADV Part 2A states “The Investment Advisory Agreement between Grimes and the client will continue in effect until terminated by either party by written notice in accordance with the terms of the Investment Advisory Agreement.” Grimes & Company Wealth Management, LLC names three possible custodians in its brochure, with no single default. Charles Schwab & Co., Inc.’s own published fee schedule states “Full transfer (out) of assets: $50 per account.” Wells Fargo Clearing Services, LLC (d/b/a First Clearing, clearing Grimes’ Trade-PMR accounts)’s own published fee schedule states “Outgoing Account Transfer fee: $49.95 per transfer.” Fidelity Brokerage Services LLC / National Financial Services LLC discloses no comparable line item (an honest gap).
The full walkthrough for Grimes & Company is on our how to leave Grimes & Company page; the general mechanics of switching financial advisors and a dated termination letter apply regardless of firm.
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- Form ADV Part 2A (September 23, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1058890
- SEC IAPD firm summary (CRD #109420, checked September 28, 2026): https://adviserinfo.sec.gov/firm/summary/109420
Methodology. This page was built September 28, 2026, drawing directly on Grimes & Company’s own current fee brochure, linked above, and a fresh SEC IAPD registration check run the same day. As of September 28, 2026, this site publishes a fiduciary-status page and a minimum-investment page for Grimes & Company; where the exit-fee page already exists it is linked above and drawn from that already-sourced page. Any fact we could not independently confirm is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice, and it is not a substitute for reading Grimes & Company’s own Form ADV Part 2A and Form CRS. We have not used Grimes & Company as a client. Grimes & Company did not pay for, review, or influence this content. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
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