Description of Services and Fees Grove Street Fiduciary, LLC is a registered investment advisor based in Peterborough, New Hampshire. We are organized as a corporation under the laws of the State of New Hampshire. We have been providing wealth advisory services since 1991. We are owned by the Carl Amos Johnson Revocable Trust and the Forget-Me-Not Blue Trust.
Carl Amos Johnson is the Chief Executive Officer and Chief Compliance Officer and Hazel E. Hensel is the Chief Operating Officer. We provide wealth and trust advisory services encompassing financial planning and asset management services, as well as consulting services and limited pension consulting services. Our wealth and trust advisory services are personalized and tailored to each individual client.
We view our advisory responsibilities as that of a steward of our client's financial resources whereby we consider client goals as the foremost consideration in the creation of a unique strategy for each client, addressing the client's financial goals, considering risk tolerance, required liquidity and investment time frame among other factors.
The following paragraphs describe our services and fees. Please refer to the description of each wealth and trust advisory service listed below for information on how we tailor our advisory services to your individual needs. As used in this brochure, the words "we", "our" and "us" refer to Grove Street Fiduciary, LLC and the words "you", "your" and "client" refer to you as either a client or prospective client of our company.
Wealth Management Services Our wealth and trust advisory service is an ongoing service that combines financial planning with discretionary investment management services through which we identify and plan for your future goals and implement your plan. At the inception of the client relationship, we will meet with you to gather information about your financial circumstances and determine your investment objectives, risk tolerance, short term and long term life goals and other relevant information.
Once we have reviewed and analyzed information you provide to us, we will provide you with financial planning and investment recommendations and reports, which may be written or oral, addressing subjects, as required in your unique circumstances, including but not limited to, investment analysis, risk management, retirement planning, education planning, estate planning, benefits planning, taxes and tax planning, cash flow planning and business planning. We may also construct financial statements such as balance sheets, cash flow statements, and aggregate or comparative tax statements, to the extent specifically requested by a client.
Our recommendations are based on your financial situation at the time we present them to you, and on the financial information you provide us. To properly serve you, we ask that you notify us promptly if your financial situation, goals, objectives, or needs change.
After we have presented and discussed our recommendations with you, we will then implement the recommendations you approve by providing discretionary investment management services. We will use the information we gathered from you during the planning stage to prepare a personal investment policy outlining a strategy that enables our company to give you continuous and focused investment 4 advice and to make investments on your behalf. All such investments are made within third-party custodians, such as Charles Schwab and Company. We do not maintain custody of any investments or assets at our company.
Please note, our company's services do not include:
•Legal counsel.
•Sales of any financial or insurance product. As part of our investment management services, we will customize an investment portfolio for you in accordance with your risk tolerance and investment objectives. Once we construct a customized investment portfolio for you, we will monitor your portfolio's performance on an ongoing basis and we will re-balance the portfolio as required by changes in market conditions and in your financial circumstances.
For

accounts not held at a custodian recommended by our company, we will provide our investment management services by utilizing ByAllAccounts, a third party service provider, which allows us to access your account data information. In order to provide you with investment management services, we require you to grant our company limited discretionary authority to manage your account. Discretionary authorization will allow our company to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval prior to each transaction, if necessary. Discretionary authority is typically granted by the investment advisory agreement you sign with our company and through trading authorization. You may limit our discretionary authority (for example, limiting the types of securities that can be purchased for your account) by providing our company with your restrictions and guidelines in writing.
Consulting Services We offer consulting services which primarily involves advising clients on specific topics including but not limited to: financial planning, qualified plan and rollover options, portfolio allocations, career consulting, seminars, financial organization and advice involving non-investment issues, to the extent specifically requested by a client.
Limited Pension Consulting Services We may also provide limited pension consulting services to qualified plans and participants on an individually negotiated basis. All services shall be detailed in a written agreement and be consistent with the parameters set forth in the plan documents. Types of Investments We primarily recommend exchange traded funds (ETFs), index funds, and no-load indexed mutual funds. Additionally, we may advise you on any type of investment that we deem appropriate based on your stated goals and objectives. We may also provide advice on any type of investment held in your portfolio.
You may request that we refrain from investing in particular securities or certain types of securities. You must provide these restrictions to our company in writing.
IRA Rollover Recommendations Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the 5 following acknowledgment to you. When we provide investment advice to you regarding your retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement accounts. The way we make money creates some conflicts with your interests, so we operate under a special rule that requires us to act in your best interest and not put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest. We benefit financially from the rollover of your assets from a retirement account to an account that we manage or provide investment advice, because the assets increase our assets under management and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in your best interest.
Assets Under Management As of January 24, 2023, we provide continuous management services for $333,027,822 in client assets on a discretionary basis, and $11,131,385 in client assets on a non-discretionary basis.