Gallatin & Company, LLC (Vero Beach)

Gallatin & Company, LLC is a large advisory firm based in Vero Beach. It manages $98.88 million of regulatory assets for 40 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Florida, New York, and Texas.

Gallatin & Company provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gallatin & Company: assets under management

The assets under management (AUM) of Gallatin & Company, LLC is $98.88 million. The firm's AUM has grown by 179% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $58.33 million in discretionary accounts and $40.55 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.29 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.27 million.

Investments

The firm invests in state and local bonds the most. They account for 37% of the total AUM. The second-largest asset type is investment and business development companies, which make up 30% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gallatin & Company, LLC 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 Donald Liddell Twiss serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Donald Liddell Twiss is high net worth individuals with 22 clients and $92.92 million of assets under management. Among the 7 most similar advisory firms, Gallatin & Company has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $98.88 million for 40 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.

Gallatin & Company doesn't advise any private funds.

Careers at Gallatin & Company, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Donald Liddell Twiss has been acting as President since 1 Jun 1999. Russell Williams Twiss joined the executive team most recently as the President/Managing Member/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Donald Liddell Twiss	President	1 Jun 1999	75% - 100%	1170818
James Dana Parsons	Vice president	1 Aug 1999	Other	1100763
Russell Williams Twiss	President/managing member/chief compliance officer	1 Jul 2018	75% - 100%	5034600

Based in Vero Beach

The principal office where Gallatin & Company, LLC performs its advisory services is located at 505 Beachland Blvd Suite 7, Vero Beach, FL 32963, 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 772-231-9607 or by fax 772-231-9609. The normal business hours are 10:00am-4:00pm on Monday - Friday.