Varde Management, L.P
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Overview
Varde Management, L.P is a financial advisory firm that has its headquarters in Minneapolis, Minnesota. It controls $19.2 billion in assets under management over 112 customer accounts, placing it among the biggest firms in the United States by assets under management (AUM). It has a large group, including 82 financial advisors. Varde Management, L.P is not a registered broker-dealer, meaning the company cannot buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer firm to do so. Securities are tradable financial assets such as options, bonds and stocks.
Varde Management, L.P administers all of the firm's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor has the discretion to make transaction decisions without requiring the client's consent. The advisory firm's average account size is $171.3 million. The typical advisor at Varde Management, L.P manages about one client account, placing it among the most personalized firms in the country.
The company's main office is located at 901 Marquette Avenue South, Minneapolis, Minnesota 55402. The company is legally registered to provide services to clients in the state of Minnesota.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Varde Management, L.P by the Numbers
$19.2 billion
246
112
$171.3 million
Fee Structure
Financial advisory fees largely vary depending on the type of financial services offered. However, fee types billed by the firm most likely are comprised of any combination of the following fee structures: asset-based or performance-based. Varde Management, L.P does not participate in a wrap fee program, in which the firm 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
-
Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The company caters to pooled investment vehicles and other. Out of its 112 customers, Varde Management, L.P's biggest client type by number of accounts is pooled investment vehicles. Around 47% of its clients are 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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