Greenberg Gary Louis (Minneapolis)


Greenberg Gary Louis is a large advisory firm based in Minneapolis. It manages $131.57 million of regulatory assets for 206 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Minnesota, New York, and Texas.

Greenberg Gary Louis provides portfolio management for individuals and small businesses, pension consulting services, and consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Greenberg Gary Louis: assets under management

The assets under management (AUM) of Greenberg Gary Louis is $131.57 million. The firm's AUM has grown by 32% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $128.28 million in discretionary accounts and $3.29 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $628.8 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.64 million.

Investments

The firm invests in exchange traded securities the most. They account for 39% of the total AUM. The second-largest asset type is state and local bonds, which make up 26% of the firm’s portfolio. Investments in investment and business development companies form 23% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Greenberg Gary Louis for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Greenberg Gary Louis serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Greenberg Gary Louis is high net worth individuals with 66 clients and $126.25 million of assets under management. Among the 7 most similar advisory firms, Greenberg Gary Louis has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $129.95 million for 82 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Greenberg Gary Louis doesn't advise any private funds.

Careers at Greenberg Gary Louis

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Gary Louis Greenberg Sole proprietor & chief compliance officer 1 Jan 1985 75% - 100% 4343796

Based in Minneapolis

The principal office where Greenberg Gary Louis performs its advisory services is located at 80 S. 8 Th St, Minneapolis, MN 55402 2203, 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 612-338-0028 or by fax 612-338-0452. The normal business hours are 8:00 am to 3:00 pm on Monday - Friday.