Peregrine Capital Management, LLC

CRD#110052
Investment Advisor Firm

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Overview

Peregrine Capital Management, LLC operates as a financial advisory firm that has its headquarters in Minneapolis, Minnesota. The company manages $3.9 billion in assets throughout 39 accounts, making it one of the biggest investment advisory firms in the United States by assets under management (AUM). The company has a small team of 28 employees, including 10 financial advisors. Peregrine Capital Management, LLC is not a registered broker-dealer, signifying that it cannot buy and sell securities for its own accounts as well as its clients' and instead must go through a broker-dealer firm to do so. Securities are defined as exchangable fiscal assets like options, bonds and equities.

Peregrine Capital Management, LLC manages all of its client assets on a discretionary basis. Discretionary management signifies that buy and sell choices for the client's account are made by an investment advisor without needing to seek the client's authorization. The advisory firm's average account size is $98.9 million. The typical advisor at Peregrine Capital Management, LLC oversees around four client accounts, making it one of the most individualized advisor firms in the country.

The company's central office is at 800 Lasalle, Suite 1850, Minneapolis, Minnesota 55402. The firm is legally allowed to provide services to clients in the state of Minnesota.

Number of Advisors

10

Disclosures

No

Office Location

800 Lasalle, Suite 1850
Minneapolis, MN 55402

Peregrine Capital Management, LLC by the Numbers

Total Number of Employees

28

National Average: 4,943
Total Number of Accounts

39

National Average: 2,522
Average Account Size

$98.9 million

National Average: $1.3 million

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Fee Structure

Fees charged by financial advisors usually vary depending on which services the firm provides the client. However, fees billed by the company can include some blend of the following fee structures: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 3% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company works with a number of different clients. The firm caters to high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities and insurance companies. Out of its 39 customers, Peregrine Capital Management, LLC's biggest client is high net worth investors, though it also caters to seven high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of the firm's clients are non-U.S. persons.

  • High-Net-Worth Individuals* - 21.88%
  • Other Individuals - 0%
  • Corporations - 59.38%
  • Charitable Organizations - 18.75%

* 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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This content was compiled from the SEC and FINRA