Galtere Inc. is a large advisory firm based in Preston. It manages $149.31 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Minnesota, New York, Tennessee, and Virgin Islands, U.S..
Galtere provides portfolio management for investment companies and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Galtere Inc. is $149.31 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -36% since the beginning of its operation, and $41.86 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Galtere Inc. 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Renee Lynn Haugerud is investment companies with 1 clients and $107.45 million of assets under management. Among the 11 most similar advisory firms, Galtere has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $149.31 million for 2 clients. 50% of the firm’s clients are foreign persons or businesses.
Galtere also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $2,500,000 for each fund.
The company employs 4 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.
Renee Lynn Haugerud has been acting as President since 1 Oct 1997. Jennifer Ann Provenzano joined the executive team most recently as the Chief Compliance Officer/Chief Operating Officer.
The principal office where Galtere Inc. performs its advisory services is located at 25887 County Rd 12, Preston, MN 55965 The mailing address of the firm is 3 Columbus Circle Ste 2220, New York, NY 10019. An additional office of the firm is in Lookout Mountain, TN. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-598-1837 or by fax 212-656-1537. The normal business hours are 8:00am - 6:00pm on Monday - Friday. You can find more information about the New York firm at galtere.com.