# Granite Bay Wealth Management

Granite Bay Wealth Management is a Bank / Wealth / Trust based in Portsmouth, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Portsmouth, United States
- **Region:** North America
- **Address:** Portsmouth, NH, United States
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** granitebaywm.com
- **LinkedIn:** https://www.linkedin.com/company/granite-bay-wealth-management

## Regulatory record

- **CRD number:** 174765
- **SEC file number:** 801-92174
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-05-21T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/174765

## About

Granite Bay Wealth Management was founded in Portsmouth, New Hampshire in 2006 by Patrick Horan, who serves as President and Chief Compliance Officer. The firm emerged during a period of significant growth in the independent RIA channel, positioning itself to serve the accumulated wealth of business owners and professionals across the Seacoast region. Its client base spans individuals, high-net-worth families, and trusts, reflecting a standard wealth-management book with an emphasis on fiduciary oversight. Investment management at Granite Bay spans asset allocation, manager selection, and direct portfolio construction across public equities, fixed income, and alternative investments. The firm constructs bespoke portfolios calibrated to individual client liquidity needs, tax circumstances, and estate-planning structures — the standard toolkit of a modern RIA. Annual ADV filings indicate the firm manages discretionary accounts, with an investment committee overseeing asset-class weightings and tactical adjustments. Client reporting includes consolidated performance analytics and tax-aware rebalancing. The firm has maintained a deliberately compact footprint — operating from a single office in Portsmouth with a named team built around Horan and a small cadre of client-service and investment professionals. Recent regulatory filings confirm the practice has sustained its New Hampshire base for nearly two decades. No adjacent philanthropic entities, club memberships, or parallel investment vehicles are publicly documented alongside the core advisory business. Granite Bay's structural distinction lies in its posture as a pure RIA — a fiduciary architecture that legally separates investment advice from product distribution. This regulatory stance, while common among independent advisors, contrasts sharply with the regional bank trust departments and wirehouse complexes that dominate New England wealth management.

## Sectors

- Wealth Management

## People

- Patrick J. Horan — President, Chief Compliance Officer

## Questions

### Is Granite Bay Wealth Management a fiduciary?

Yes. As an SEC-registered investment advisor, Granite Bay operates under a fiduciary standard — requiring it to put client interests ahead of its own. This distinguishes the firm from broker-dealers, who operate under a suitability standard that permits conflicts of interest absent proper disclosure. The firm's ADV Part 2A filing documents this obligation explicitly.

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Last updated: 2026-08-11T02:43:31.692Z

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