Kansas City, MO (PRWEB) September 17, 2004
Crossroads DistrictÂSeptember 15, 2004ÂGrand Street Advisors, LLC (GSA) is a newly registered investment advisor providing personalized investment planning and management services for individuals, pension plans and corporations across the United States. Investment options include individual stocks, bonds, index funds and mutual funds. The employee-owned firm was established in February of 2004 by James Byrne, a former Wall Street executive.
ÂI started Grand Street Advisors because I believe investors should be able to pick up the phone, call their portfolio manager and get sound financial advice,Â says James Byrne, president and founder of Grand Street Advisors, LLC. ÂIt seems simple but our current investment advisor marketplace is cluttered with toll-free call centers, self-service online trading and hidden commissions. GSA offers only one type of service-- personal service,Â concludes Byrne. All GSA services are offered on a fee basis only. GSA receives no commissions or hidden fees for recommending a product to their clients.
The GSA investment framework features a personal advisor-client relationship. ItÂs a 4 step process including (1)meeting with the client to understand their risk tolerance and financial goals; (2)development of a custom investment strategy; (3)presentation of the strategy to the client; and (4)implementation of the strategy and ongoing asset management. In developing the investment strategy and providing consistent monitoring of it, GSA takes a tactical approach. This involves proactively identifying and taking advantage of investment opportunities for each client portfolio, on a daily, weekly and monthly basis.
Further, GSA favors a disciplined investment management style. ÂInvesting is emotional,Â says Byrne. ÂTo be truly disciplined in portfolio management, one has to eliminate emotional concerns and just evaluate on a fiscal level. When my clients become attached to a particular investment for reasons that have no bearing on its financial value (such as a stock inherited from a loved one), itÂs my job to recognize the emotional concern and address it; otherwise, we all stray from our original goal of investing wisely.Â
For more information about Grand Street Advisors, LLC, contact:
Grand Street Advisors, LLC
2004 Grand Street, Suite 501
Kansas City, MO 64108