Galvin, Gaustad & Stein, LLC (Scottsdale)

Name: Galvin, Gaustad & Stein, LLC
Address: 7377 E. Doubletree Ranch Road, Scottsdale, AZ, 85258
Telephone: 480-776-1445

Galvin, Gaustad & Stein, LLC is a large advisory firm based in Scottsdale. It manages $779.36 million of regulatory assets for 1,715 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Arizona, California, Colorado, and 8 other states.

Galvin, Gaustad & Stein provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, 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.

Galvin, Gaustad & Stein: assets under management

The assets under management (AUM) of Galvin, Gaustad & Stein, LLC is $779.36 million. The firm's AUM has grown by 146% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $761.45 million in discretionary accounts and $17.91 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $446.86 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.63 million.

Investments

The firm invests in exchange traded securities the most. They account for 61% of the total AUM. The second-largest asset type is investment and business development companies, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Galvin, Gaustad & Stein, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Galvin, Gaustad & Stein serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Galvin, Gaustad & Stein is high net worth individuals with 261 clients and $460.83 million of assets under management. Among the 9 most similar advisory firms, Galvin, Gaustad & Stein has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $779.36 million for 815 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Galvin, Gaustad & Stein doesn't advise any private funds.

Careers at Galvin, Gaustad & Stein, LLC

The company employs 12 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Stephen Richard Galvin	Chief compliance officer	1 Mar 2010	50% - 75%	1346615
Stephen Gaustad	Managing member	1 Mar 2010	50% - 75%	1150891
Kim Quyen Jamieson	Chief compliance officer/chief operations officer	1 Nov 2015	Other	4448494

Based in Scottsdale

The principal office where Galvin, Gaustad & Stein, LLC performs its advisory services is located at 7377 E. Doubletree Ranch Road, Scottsdale, AZ 85258, which is also the mailing address of the firm. An additional office of the firm is in Bellevue, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 480-776-1445 or by fax 480-306-6155. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at ggsadvisors.com.