Varde Management, L.P

CRD#148949
Investment Advisor Firm

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Overview

Varde Management, L.P operates as a financial advisory firm headquartered in Minneapolis, Minnesota. The company oversees $19.0 billion in total assets over 78 accounts, placing it among the largest investment advisory firms in the United States by assets under management (AUM). The company has a large group of 303 employees, including 95 financial advisors. Varde Management, L.P does not act as a registered broker-dealer, meaning the advisor cannot buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer company to do so. Securities are tradable financial assets like stocks, bonds and options.

Varde Management, L.P oversees all of its 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 requiring the client's consent. The company's typical account size is $243.3 million. An average advisor at Varde Management, L.P manages fewer than one client account, placing it among the most personalized financial advisor firms in the country.

The company's headquarters is located at 901 Marquette Avenue South, Minneapolis, Minnesota 55402. The firm is permitted to provide services to customers across a number of states, including Minnesota and Texas.

Assets Under Management

$19.0 billion

Number of Advisors

95

Fee Structure

Asset-based, Performance-based

Disclosures

No

Office Location

901 Marquette Avenue South
Minneapolis, MN 55402

Varde Management, L.P by the Numbers

Total Assets Under Management

$19.0 billion

National Average: $3.3 billion
Total Number of Employees

303

National Average: 4,943
Total Number of Accounts

78

National Average: 2,522
Average Account Size

$243.3 million

National Average: $1.3 million

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Fee Structure

Financial management fees depend on which services are offered. Fee types billed by Varde Management, L.P can be comprised of some blend of the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided 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 provides services to pooled investment vehicles. Out of its 78 customers, Varde Management, L.P's largest client by number of accounts is pooled investment vehicles. About 46% of the company's accounts 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

Varde Management, L.P 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