Parkergale, LLC
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Overview
Parkergale, LLC is an advisory company based in Chicago, Illinois. The firm manages $630.6 million in assets across two client accounts, making it one of the bigger investment advisory firms in the United States by assets under management (AUM). The company has a small group, including 14 financial advisors. Parkergale, LLC is not a registered broker-dealer, signifying that the advisor cannot buy and sell securities for its own accounts as well as its customers' and instead must go through a broker-dealer firm to do so. Securities are exchangable fiscal assets such as options, equities and bonds.
Parkergale, LLC manages all of its client assets on a discretionary basis. Discretionary management means that transaction judgments for the client's account are made by a portfolio manager without needing the client's consent. The advisory firm's average account size is $315.3 million. An average financial advisor at Parkergale, LLC manages fewer than one client account, placing it among the most personalized advisor firms in the country.
The company's headquarters is located at 159 N. Sangamon, 4Th Floor, Chicago, Illinois 60607-2201. Parkergale, LLC is allowed to serve clients in the state of Illinois.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Parkergale, LLC by the Numbers
$630.6 million
18
2
$315.3 million
Fee Structure
Fees charged by financial advisors usually are based on the financial services provided. However, fees billed by the firm most likely include the following fee types: asset-based or performance-based. The company does not provide a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
Unavailable
-
Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
-
Find one of the 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with pooled investment vehicles. Out of its two customers, Parkergale, LLC's biggest client group by number of accounts is pooled investment vehicles. None of its customers are represented by people from outside of the U.S.
- High-Net-Worth Individuals* - 0%
- Other Individuals - 0%
- Corporations - 100%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Parkergale, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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