Disclosures
Who we are
Stratton Grandy uses Physician Financial Advisors as a marketing name for doing business as a representative of Northwestern Mutual. R Todd Grandy, Charles Altemus Emrich and Stratton Grandy use GBP Wealth Management as a marketing name for doing business as representatives of Northwestern Mutual. Physician Financial Advisors and GBP Wealth Management are not a registered investment adviser, broker-dealer, insurance agency or federal savings bank.
Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM) (life and disability insurance, annuities, and life insurance with long-term care benefits) and its subsidiaries. R Todd Grandy, Charles Altemus Emrich and Stratton Grandy provide investment advisory services as Advisors of Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a subsidiary of NM and federal savings bank. R Todd Grandy, Charles Altemus Emrich and Stratton Grandy are Agents of Northwestern Long Term Care Insurance Company, Milwaukee, WI, (long-term care insurance) a subsidiary of NM. R Todd Grandy, Charles Altemus Emrich and Stratton Grandy provide investment brokerage services as Registered Representatives of Northwestern Mutual Investment Services, LLC (NMIS), a subsidiary of NM, registered investment adviser, broker-dealer and member FINRA (finra.org) and SIPC (sipc.org). R Todd Grandy, Charles Altemus Emrich and Stratton Grandy are Insurance Agents of NM. Confirm: the firm website lists Stratton Grandy as an Advisor of NMWMC; his email disclosure reads “Representative” and “Associate Insurance Agent.” Use whichever compliance confirms is current.
Northwestern Mutual Private Client Group is a select group of Northwestern Mutual advisors and representatives. Northwestern Mutual Private Client Group is not a registered investment adviser, broker-dealer, insurance agency, federal savings bank or other legal entity.
Not all Northwestern Mutual representatives are advisors. Only those representatives with “Advisor” in their title or who otherwise disclose their status as an advisor of NMWMC are credentialed as NMWMC representatives to provide investment advisory services.
Information on this website regarding products and services is considered an advertisement for Northwestern Mutual.
Verify us
- To learn more about Northwestern Mutual Investment Services, LLC and its financial representatives, visit FINRA BrokerCheck. Stratton Grandy, CRD# 6803090: BrokerCheck record. Northwestern Mutual Investment Services, LLC, CRD# 2881.
- Confirm CFP® certification at CFP.net.
- Visit our Client Relationship Summaries (Form CRS) for information about our firms that provide brokerage and advisory services.
- Depending on the products and/or services being recommended or considered, refer to the appropriate disclosure brochure for important information on the Northwestern Mutual Wealth Management Company, its services, fees and conflicts of interest before investing. To obtain a copy of one or more of these brochures, contact your representative.
Where we can do business
The products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors and representatives. Financial advisors and representatives and their staff might not represent all entities shown or provide all the products or services discussed on this website. Not all products and services are available in all states.
R Todd Grandy is primarily licensed in MD and may be licensed in other states. Charles Altemus Emrich is primarily licensed in DC and may be licensed in other states. Stratton Grandy is primarily licensed in TX and may be licensed in other states. The firm is licensed to write insurance in all 50 states, and investment services are available to physicians in every state.
R Todd Grandy CA License: 0D46202 NPN: 1002134. Stratton Grandy CA License: 1964017. Verify both license numbers against the firm site before publishing.
The nature of this site
Everything on this site is general education. It is not individualized investment, insurance, tax, or legal advice, and it does not take into account your specific circumstances. Reading it, using the calculator, or downloading the checklist does not create a client or advisory relationship. Any decision should be made with a qualified professional who knows your full situation.
Financial representatives do not provide tax or legal advice. Consult a tax professional or attorney for advice specific to your situation.
Securities and Mutual Fund orders can only be placed by phone or in person. We will not process orders sent electronically, including but not limited to, communications sent via the Internet, mobile and cellular technologies, and electronic mail. Also, communications transmitted by you electronically represents your consent to two-way communication by electronic means. If you receive communications in error, please contact the sender and delete the material from any electronic means on which it exists.
Fiduciary standard
TODO: confirm wording. Financial planning and investment advisory services are provided through Northwestern Mutual Wealth Management Company®, which provides fiduciary and fee-based financial planning services, and in that capacity we act as a fiduciary to advisory clients. CFP® professionals are required by CFP Board to act as a fiduciary when providing financial advice to a client. When acting as an insurance agent or as a registered representative of a broker-dealer, we are subject to the standards of conduct that apply to those roles, including the best-interest standards under applicable state insurance law and Regulation Best Interest. We will tell you which capacity we are acting in.
How clients engage the firm
Clients engage the firm in one of three ways: a flat-fee, 12-month planning engagement that retains the firm as fiduciary financial consultants; an advisory relationship with a fee on assets actively managed on our platform, on the schedule below; or the placement of insurance, on which the firm receives commissions from the insurer. The terms of any engagement are provided in writing before it begins, and details are in Form CRS, the applicable disclosure brochure, and product-specific disclosures.
| Assets managed | Annual fee |
|---|---|
| $0 – 2 million | 1.00% |
| $2 – 5 million | 0.75% |
| $5 – 15 million | 0.50% |
| $15 – 20 million | 0.45% |
| $20 – 30 million | 0.40% |
| $30 – 50 million | 0.35% |
| $50 – 100 million | 0.30% |
| $100 million and above | 0.25% |
Calculator and content accuracy
The paycheck calculator uses published 2026 federal tax parameters and simplifying assumptions that are listed beneath it. It does not model your complete tax return, and its results are estimates for education only. Content on this site is reviewed periodically but may not reflect the most recent legislative, regulatory, or market changes. Student loan repayment rules in particular have changed under 2025 legislation; confirm current terms at StudentAid.gov.
Third-party links and marks
While links to other websites are provided for convenience and information, please be advised that except for information related to Northwestern Mutual (NM), the inclusion of, or linking to, other websites does not imply NM endorsement of, nor responsibility for, those websites. See also Northwestern Mutual’s Third Party Links notice.
Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks. ChFC® and CLU® are marks of The American College of Financial Services. CIMA® is a mark of the Investments & Wealth Institute.
No testimonials or performance claims
This site contains no client testimonials, endorsements, or performance results. Nothing here should be read as a guarantee of any financial outcome.
Contact
Questions about these disclosures can be sent to stratton.grandy@nm.com.
Branch office: Northwestern Mutual Investment Services, LLC
307 International Circle, Suite 310
Hunt Valley, MD 21030
The Northwestern Mutual Life Insurance Company
720 East Wisconsin Avenue
Milwaukee, Wisconsin 53202-4797
(414) 271-1444
Northwestern Mutual notices: Legal Notice · Privacy Notices · Third Party Links · Do Not Sell or Share My Personal Information