Galloway Asset Management LLC (Mesa)

Name: Galloway Asset Management LLC
Address: 1138 N Alma School Rd, Mesa, AZ, 85201
Telephone: 480-325-8668

Galloway Asset Management LLC is a large advisory firm based in Mesa. It manages $370.03 million of regulatory assets for 2,570 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 5 other states.

Galloway Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, educational seminars and workshops, and defined contribution plan consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Galloway Asset Management: assets under management

The assets under management (AUM) of Galloway Asset Management LLC is $370.03 million. The firm's AUM has grown by 482% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $369.12 million in discretionary accounts and $905.74 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $144.24 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $82.34 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Galloway Asset Management LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Galloway Asset Management serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Galloway Asset Management is individuals with 2,168 clients and $364.2 million of assets under management. Among the 8 most similar advisory firms, Galloway Asset Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $370.03 million for 2,171 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.

Galloway Asset Management doesn't advise any private funds.

Careers at Galloway Asset Management LLC

The company employs 29 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 24 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.

Gary Gregory Petrytus joined the executive team most recently as the National Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Jeffrey Galloway	Chief executive officer	1 Jan 2005	Other	3001646
Magdalena Eberhardt	Chief operations officer	1 Feb 2007	Other	2176162
Mark Stacy Mcpherson	Chief compliance officer	1 Jan 2008	Other	1229084
Cindy Elizabeth Lance	Chief compliance officer	1 Jan 2009	Other	4332575
Llc Public Safety Financial	Owner	1 May 2009	75% - 100%	26-4006532
Gary Gregory Petrytus	National vice president	1 Jun 2014	Other	1148982
Christopher Alan Hoerchler	Regional vice president	1 Jun 2014	Other	5318770
Robert Edward Baker	Regional vice president	1 Jun 2014	Other	5884638

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Jeffrey Galloway	Member	1 May 2009	75% - 100%	3001646

Based in Mesa

The principal office where Galloway Asset Management LLC performs its advisory services is located at 1138 N Alma School Rd, Mesa, AZ 85201, which is also the mailing address of the firm. An additional office of the firm is in Scottsdale, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 480-325-8668 or by fax 480-325-1664. The normal business hours are mon-thurs 8-5 (fri 8-2) on Monday - Friday. You can find more information about the New York firm at galloway911.com.