Graves Light Lenhart

Graves Light Lenhart (GLL) provides financial planning, consulting, discretionary investment management, and retirement-plan consulting to individuals, high-net-worth clients, pension and profit-sharing plans, trusts, estates, charitable organizations, and business entities. The firm reports managing roughly $1.08 billion, predominantly on a discretionary basis, and integrates portfolio management with comprehensive wealth-planning services.

GLL’s investment approach is top-down, emphasizing strategic asset-allocation ranges with tactical adjustments and a core/satellite implementation that uses ETFs as the portfolio “skeleton” and individual stocks to target sector or capitalization overweights. The firm’s security selection favors higher-quality equities over high-growth names, combines fundamental, technical and quantitative analysis, limits single-security concentrations (generally to about 8%), and tailors fixed-income allocations—including municipal bonds and duration matching—to client needs.

Noteworthy aspects for this team firm include a relatively high advisory account minimum ($2.5 million) and an advisor team managing substantial AUM per client, consistent with a focus on wealthier households and institutional clients. The brochure also describes the firm’s practice of providing written or electronic supplemental reports and offering to distribute brochure updates by email or hard copy, reflecting periodic client communications (periodical/newsletter-style materials) that are less common among similar firms.