Galileo Investment Management LLC (New York)

Name: Galileo Investment Management LLC
Address: 885 Third Avenue, New York, NY, 10022
Telephone: 212-308-2891

Galileo Investment Management LLC is a large advisory firm based in New York. It manages $123.25 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2013.

Galileo Investment Management provides portfolio management for pooled investment vehicles and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Galileo Investment Management: assets under management

The assets under management (AUM) of Galileo Investment Management LLC is $123.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 25% since the beginning of its operation, and $113.18 million of the total AUM is attributable to clients outside of the United States.

The firm manages $123.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $30.81 million each.

Galileo Investment Management has custody of $83.18 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Galileo Investment Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Galileo Investment Management serves?

The only and largest group of clients of Galileo Investment Management is pooled investment vehicles with 4 clients and $123.25 million of assets under management. Among the 8 most similar advisory firms, Galileo Investment Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $123.25 million for 4 clients. 92% of the firm’s clients are foreign persons or businesses.

Galileo Investment Management also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Galileo Investment Management LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Oscar Leon Alerhand	Managing partner - galileo investment management llc	1 Sep 2005	75% - 100%	2400614
David Alerhand	Owner - galileo investment management (canada) lp	1 Sep 2005	25% - 50%	6253536
Ruben Goldberg	Owner - galileo investment management (canada) lp	1 Sep 2005	25% - 50%	6253539
Cherry Street Llc	General partner - galileo investment management (canada) lp	1 Sep 2005	75% - 100%	999999999
Nalini Singh	Chief compliance officer	1 Sep 2013	Other	6255280

Based in New York

The principal office where Galileo Investment Management LLC performs its advisory services is located at 885 Third Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-308-2891 or by fax 212-918-1649. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at galileoinvestment.com.