Overview
Grand-Jean is a California corporation that has been in business since 1990. Grand-Jean is owned
by Steve Grand-Jean as Trustee of the Steven Grand-Jean Revocable Trust, dated February 21,
2007. Steven Grand-Jean is also founder, president and portfolio manager. As of December
31,2023 Grand-Jean had total discretionary regulatory assets under management of approximately
$464,583,989 and non-discretionary regulatory assets under management of approximately $0.
Grand-Jean’s investment management services are provided on both a discretionary and non-
discretionary basis and include, among others, financial goal setting, risk assessment, strategic
asset allocation and the selection and management of securities and investments. Grand-Jean
accepts clients for which the Grand-Jean investment strategy is suitable and appropriate. This
determination is made through client consultations during which the client and Grand-Jean
evaluate the client’s investment objectives, financial circumstances, investment experience, time
horizon and risk tolerance level, or by third party investment advisers or brokers as described
below. Grand-Jean evaluates the client’s existing investments and where necessary develops a
plan to transition existing investments into or out of the client’s new portfolio strategy. In
performing its services, Grand-Jean is not required to verify any information
received from the
client or from the client’s other professionals, and is expressly authorized to rely thereon.
Grand-Jean also provides investment advisory services to shared clients introduced to it by third
party investment advisers or brokers. The client signs investment management agreements with
both the referring third party and Grand-Jean. Grand-Jean is only responsible for advising and
managing those assets allocated to it by either the client or the third party. The third party is
responsible for obtaining and evaluating information regarding the identity, circumstances,
financial condition, tax situation, regulatory status and financial needs and goals of the shared
client as is necessary for the third party to evaluate whether the investment guidelines established
for each shared client’s account by Grand-Jean and such client are appropriate and suitable for
such client. The third party reviews the investment guidelines and informs Grand-Jean and each
shared client if any such investment guidelines are not appropriate or suitable for such client.
Grand-Jean periodically communicates investment performance and portfolio commentary to the
third party, which uses its own discretion in forwarding such information to the client.
Clients may receive investment advisory services tailored to their specific needs and may impose
restrictions on investing in certain securities or types of securities.