About Granite Value Capital · Hanover
Granite Value Capital, LLC is a fee-only Registered Investment Advisor (RIA) headquartered at 44 S. Main Street in Hanover, New Hampshire. Founded in 2009 by Anthony (Tony) Abbate, the firm manages roughly $98.9 million in regulatory assets for about 70 client households and specializes in the Benjamin Graham / Warren Buffett value-investing philosophy. The firm serves high-net-worth individuals, trusts, estates, charitable organizations, pension plans and other business entities, generally requiring a $1 million minimum to open an advisory relationship. It is registered with the U.S. Securities and Exchange Commission under CRD #150169 and provides discretionary portfolio management through Charles Schwab's institutional custody platform.
Granite Value Capital, LLC was founded in 2009 in Hanover, New Hampshire, by Anthony 'Tony' Abbate, a CFA charterholder who previously spent nine years as a portfolio manager at Bank of America. The firm is an independent, fee-only Registered Investment Advisor registered with the SEC under the Investment Advisers Act of 1940 (CRD #150169), which means it owes clients a fiduciary duty and does not earn sales commissions. According to its SEC filings and Form CRS dated February 19, 2026, the firm manages approximately $98.9 million across roughly 70 client accounts, with an average client size of about $1.4 million. Granite Value Capital is distinguished by its disciplined, long-term value-investing approach, following the principles articulated by Benjamin Graham and Warren Buffett. The firm typically builds concentrated equity portfolios of 30 to 45 individual stocks, seeking to purchase quality businesses at what it estimates to be 20–50% discounts to private market value, with selections weighted toward companies with strong balance sheets and consistent profitability. All investment-management services are delivered on a discretionary basis, with continuous monitoring and at least quarterly account reviews; financial planning is bundled into the overall asset-based fee rather than charged separately. The firm generally requires a $1,000,000 minimum to establish an advisory relationship (its marketing materials cite a $750,000 relationship minimum), and its tiered annual fee schedule ranges from 1.00% on the first $2.5 million down to 0.60% on assets above $10 million, billed quarterly in arrears. Client assets are custodied at Charles Schwab through a directed brokerage arrangement. Granite Value Capital does not accept performance-based fees, does not participate in wrap-fee programs, and does not vote client proxies (though it will advise clients on proxy matters on request). It has no legal or disciplinary disclosures on its public record.
- In business
- Founded 2009 (approximately 17 years; SEC-registered since 2009)
- Owner
- Anthony ('Tony') John Abbate — Founder, Managing Director and Portfolio Manager; majority owner (>50%) per Form ADV; CFA® charterholder.
- Serves
- Hanover, New Hampshire, and clients throughout the United States (registered to provide advisory services in New Hampshire; may serve clients in other states under applicable exemptions).
Granite Value Capital — Firm Overview
Granite Value Capital, LLC is an independent, fee-only Registered Investment Advisor headquartered at 44 S. Main Street in Hanover, New Hampshire. Founded in 2009, the firm is registered with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940 (CRD #150169). Because it is an RIA — not a broker-dealer — it is legally a fiduciary to its clients and does not earn commissions on trades. The firm employs approximately three people and serves roughly 70 client households nationwide with about $98.9 million in regulatory assets under management.
- SEC-registered RIA, CRD #150169
- Headquarters: 44 S. Main Street, Hanover, NH 03755
- Founded 2009
- Approximately $98.9M AUM across ~70 clients
- Average client size approximately $1,413,026
Investment Philosophy
The firm follows a disciplined value-investing philosophy modeled on the principles of Benjamin Graham and Warren Buffett. It targets long-term ownership of well-capitalized, profitable businesses whose shares can be purchased at what the firm estimates to be significant discounts — typically 20% to 50% — to its estimate of 'private market value.' Portfolios are constructed using fundamental, bottom-up analysis with a long time horizon, deliberately accepting short-term volatility in pursuit of long-term compounding.
- Value-investing philosophy rooted in Benjamin Graham / Warren Buffett
- Bottom-up fundamental analysis
- Long-term, patient holding period
- Target purchases at 20–50% discounts to estimated private market value
Portfolio Strategy
Rather than diversifying broadly, Granite Value Capital deliberately concentrates client assets into a relatively small number of high-conviction positions — typically 30 to 45 individual equities — selected for profitability, balance-sheet strength, and attractive valuation. All investment-management services are delivered on a discretionary basis, with continuous monitoring and at least quarterly account reviews. The firm states that tax efficiency is not a primary portfolio objective and recommends that clients coordinate with a separate tax advisor.
- Concentrated equity strategy of 30–45 stocks
- Discretionary authority over buying and selling
- Continuous monitoring with at least quarterly reviews
- Tax efficiency is not a primary management objective
Founder & Portfolio Manager — Anthony 'Tony' Abbate
Granite Value Capital was founded in 2009 by Anthony John Abbate, who serves as Managing Director, Portfolio Manager, and majority owner of the firm. Mr. Abbate is a CFA® charterholder with more than two decades of investment-industry experience. He previously spent nine years (2000–2009) as a portfolio manager at Bank of America, and earlier worked at Retirement Capital Advisors and Barrington Capital Management. He earned a BBA in Finance and Business Economics from the University of Notre Dame (1988–1992). He is the sole advisor of record at the firm and personally manages client portfolios.
- Managing Director, Portfolio Manager, and majority owner (>50%)
- CFA® charterholder
- Previously portfolio manager at Bank of America (2000–2009)
- Earlier roles at Retirement Capital Advisors and Barrington Capital Management
- BBA, Finance and Business Economics, University of Notre Dame
Compliance & Leadership
In addition to Mr. Abbate's role as Managing Director, the firm's compliance function is led by Janet Lynn Messer, who has served as Chief Compliance Officer since February 2025. The firm files Form ADV and Form CRS with the SEC and discloses no legal or disciplinary history.
- Anthony Abbate — Managing Director / Chief Compliance Officer (per prior ADV filings)
- Janet Lynn Messer — Chief Compliance Officer (since Feb 2025)
- Most recent Form CRS dated February 19, 2026
- No legal or disciplinary history disclosed
Clients Served
Granite Value Capital primarily serves high-net-worth individuals, but also accepts pension plans, trusts, estates, charitable organizations, other advisors, and corporate entities. The firm generally requires a minimum portfolio of $1,000,000 to open an advisory relationship (its marketing materials describe a $750,000 relationship minimum), and reserves the right to waive this minimum on a case-by-case basis. Average client size is approximately $1.4 million.
- High-net-worth individuals
- Trusts and estates
- Charitable organizations
- Pension plans and corporate entities
- Other advisors
- Minimum: typically $1,000,000 (marketing cites $750,000)
Fees & Minimums
Granite Value Capital is a fee-only advisor: clients pay a single asset-based annual fee, billed quarterly in arrears based on the prior quarter-end account value. There are no commissions, no performance fees, and no wrap-fee program participation. The tiered fee schedule decreases as assets grow, and the firm notes that fees are negotiable depending on individual client circumstances. Clients may also incur third-party charges from custodians, broker-dealers, and banks (e.g., brokerage commissions, transaction fees, custodial fees).
- Up to $2,500,000 — 1.00% annual
- $2,500,001 – $5,000,000 — 0.85%
- $5,000,001 – $7,500,000 — 0.75%
- $7,500,001 – $10,000,000 — 0.65%
- Over $10,000,000 — 0.60%
- Fees billed quarterly, in arrears
- No commissions, no performance fees, no wrap programs
- Account minimum generally $1,000,000 (marketing cites $750,000)
Custody, Brokerage & Proxy Voting
Client assets are custodied at Charles Schwab through the firm's directed brokerage arrangement. The firm's Form ADV notes that this arrangement can affect trade execution and may create conflicts related to ancillary products and services provided by the custodian. Granite Value Capital does not accept performance-based fees, does not participate in wrap-fee programs, and does not vote client proxies — though it will provide proxy advice to clients on request.
- Directed brokerage / custody via Charles Schwab institutional platform
- No performance-based fees
- No wrap-fee program participation
- No proxy voting (advice available on request)
Contact & Service Area
The firm's principal office and place of business is in Hanover, New Hampshire, where it is registered to provide advisory services. Because it is an SEC-registered adviser (rather than a state-only RIA), it may also serve clients in other U.S. states under applicable registration exemptions. The firm's SEC Form CRS lists 603-643-0770 as the direct contact line for additional information or to request a copy of the relationship summary or Form ADV Part 2A.
- Principal office: 44 S. Main Street, Hanover, NH 03755
- Phone: 603-643-0770
- Website: https://www.granitevaluecapital.com/
- LinkedIn: linkedin.com/company/granite-value-capital-llc
- Registered in New Hampshire; may serve clients nationwide