Gate City Capital Management, LLC (Chicago)

Name: Gate City Capital Management, LLC
Address: 425 S Financial Place, Chicago, IL, 60605
Telephone: 312-825-1228

Gate City Capital Management, LLC is a mid-sized advisory firm based in Chicago. It manages $44.56 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2017.

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

Gate City Capital Management: assets under management

The assets under management (AUM) of Gate City Capital Management, LLC is $44.56 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 78% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $44.56 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.14 million each.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gate City Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based 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 Gate City Capital Management serves?

The only and largest group of clients of Gate City Capital Management is pooled investment vehicles with 1 clients and $15.97 million of assets under management. Among the 2 most similar advisory firms, Gate City Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $15.97 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Gate City Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Gate City Capital Management, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Thomas Melby	Managing member	1 May 2014	75% - 100%	4694187
Chad Michael Kohorst	Cfo, coo, and cco	1 Aug 2017	Other	5766454

Based in Chicago

The principal office where Gate City Capital Management, LLC performs its advisory services is located at 425 S Financial Place, Chicago, IL 60605, 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 312-825-1228 or by fax 312-825-1232. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at gatecitycap.com/.