Peregrine Capital Management, LLC
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Overview
Peregrine Capital Management, LLC is a financial advisory firm located in Minneapolis, Minnesota. It oversees $3.9 billion in assets throughout 92 customer accounts, placing it among the biggest investment advisory firms in the nation by assets under management (AUM). The company has a small team, including 13 financial advisors. Peregrine Capital Management, LLC does not act as a registered broker-dealer, signifying that the firm is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer company to do so. Securities are exchangable financial assets such as bonds, equities and options.
Peregrine Capital Management, LLC oversees the majority of the company's accounts in a discretionary manner. Discretionary management means that a portfolio manager has the discretion to make transaction judgments for the client's account without needing to seek client approval. Peregrine Capital Management, LLC also oversees one non-discretionary accounts with a total of $91.4 million in assets under management. Peregrine Capital Management, LLC's average account size is $42.4 million. An average advisor at Peregrine Capital Management, LLC manages around seven client accounts, placing it among the more individualized firms in the country.
The firm's central office is at 800 Lasalle, Suite 1750, Minneapolis, Minnesota 55402. It is legally registered to serve investors across 3 states, including California, Minnesota and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Peregrine Capital Management, LLC by the Numbers
$3.9 billion
29
92
$42.4 million
Fee Structure
Financial advisory fees largely depend on which service is offered. However, fees charged by Peregrine Capital Management, LLC most likely are comprised of the following fee types: asset-based or performance-based. The firm does not provide a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
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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
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Peregrine Capital Management, LLC does business with a number of different clients. Peregrine Capital Management, LLC caters to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and corporations. Out of its 92 clients, Peregrine Capital Management, LLC's biggest client type by number of accounts is high net worth investors, although it also serves 11 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 6% of its accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 25%
- Other Individuals - 0%
- Corporations - 59.09%
- Charitable Organizations - 15.91%
* 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
Peregrine Capital Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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