Galliard Capital Management Inc (Minneapolis)


Galliard Capital Management Inc is a large advisory firm based in Minneapolis. It manages $91.89 billion of regulatory assets for 371 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 22 other states.

Galliard Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Galliard Capital Management: assets under management

The assets under management (AUM) of Galliard Capital Management Inc is $91.89 billion. The firm's AUM has grown by 1168% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $90.76 billion in discretionary accounts and $1.13 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $247.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $282.55 million.

Investments

The firm invests in other assets the most. They account for 73% of the total AUM. The second-largest asset type is government bonds, which make up 8% of the firm’s portfolio. Investments in pooled investment vehicles form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Galliard Capital Management Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Andrew Nelson Owen serves?

The firm provides services to insurance companies, investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Andrew Nelson Owen is pension and profit sharing plans with 133 clients and $40.81 billion of assets under management. Among the 9 most similar advisory firms, Galliard Capital Management has the 3rd highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $91 billion for 231 clients. None of the firm’s clients are foreign persons or businesses.

Galliard Capital Management doesn't advise any private funds.

Careers at Galliard Capital Management Inc

The company employs 108 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Andrew Nelson Owen has been acting as President since 1 Aug 2014. Llc Wells Fargo Asset Management Holdings joined the executive team most recently as the Direct Parent Company.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
N.A. Wells Fargo Bank Minnesota National bank 1 Dec 1890 75% - 100% 41-1592157
N.A. Wells Fargo Bank Minnesota Shareholder 1 Jun 1995 75% - 100% 41-1592157
John Richard Caswell Treasurer & founding managing partner 1 Jul 1995 Other 1589428
Richard Merriam Founding managing partner 1 Jul 1995 Other 1717501
Karl Patrick Tourville President and founding managing partner 1 Jul 1995 Other 2253754
Richard Joseph Merriam Founding managing partner and treasurer 1 Jul 1995 Other 1717501
Peter Jay Kiedrowski Director, chairman of the board 1 Jul 1995 Other 2424432
N.A. Wells Fargo Bank Shareholder 1 Feb 2004 75% - 100% 94-1347393
Michael James Hogan Director,chairman and president 1 Nov 2004 Other 1492040
Thomas Karl Hoops Director 1 Jul 2009 Other 5156895
Matthew Charles Moss Director 1 Jul 2009 Other 4499363
David Harrison Lui Chief compliance officer 1 Dec 2010 Other 2271801
David Harrison Lui Chief compliance officer 1 Jan 2011 Other 2271801
Stephen David Young Director 1 Jan 2011 Other 3074311
Ajay Mirza Managing partner 1 Nov 2012 Other 2569763
Carrie Ann Callahan Managing partner 1 Nov 2012 Other 2275986
Michael David Norman Partner 1 Nov 2012 Other 2843681
Leela Joseph Scattum Partner 1 Nov 2012 Other 6308597
Ajay (Nmn) Mirza Managing partner 1 Nov 2012 Other 2569763
Chad Michael Foote Chief operations officer 1 Nov 2012 Other 4159902
Chad Michael Foote Chief operating officer 1 Sep 2013 Other 4159902
Jennifer Davis Lammers Chief compliance officer 1 Nov 2013 Other 3249095
Andrew Nelson Owen Director 1 Aug 2014 Other 4782698
Kristopher Ryan Smith Director 1 Aug 2014 Other 4347963
Sesidhar Kodali Director 1 Jun 2015 Other 6507938
Sesidhar (Nmn) Kodali Director 1 Jun 2015 Other 6507938
Llc Wells Fargo Asset Management Holdings Direct parent company 1 Jul 2017 75% - 100% 36-4863445

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Wells Fargo & Company Public bank holding company 1 Dec 1929 75% - 100% 41-0449260
Wells Fargo & Company Shareholder 1 Sep 1998 75% - 100% 41-0449260
Wfc Holdings Corporation Shareholder 1 Nov 1998 75% - 100% 41-1912346
Wells Fargo & Company Shareholder 1 Jan 2009 75% - 100% 41-0449260
Everen Capital Corporation Shareholder 1 Jul 2017 75% - 100% 36-4019175

Based in Minneapolis

The principal office where Galliard Capital Management Inc performs its advisory services is located at 800 Lasalle Ave., Ste 1400, Minneapolis, MN 55402 2033, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-667-3220 or by fax 1-866-219-1007. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at galliard.com.