Patrick Galley is a CFA-designated registered investment advisor at Rivernorth Capital Management, LLC, based in Chicago, IL, with 21 years of industry experience. Patrick operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 30 clients with $6.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
RiverNorth's fees for separately managed accounts (SMAs) typically range from 0.50% to 1.50% of the account's assets each year. The specific fee depends on the size of the account and is negotiable. For private funds, RiverNorth charges a base fee based on a percentage of the market value of assets, plus a performance fee of up to 30% of net performance, subject to a high-water mark. The base fee for private funds may range from 0.75% to 1.50%, unless otherwise negotiated. For assets placed in private or registered funds managed by RiverNorth, clients are not charged the annual advisory fee for that portion of their portfolio, although performance or incentive fees are typically still earned.
Location
325 N Lasalle, Suite 645, Chicago, IL, 60654
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Patrick is the Chief Investment Officer at Rivernorth Capital Management, providing investment advisory services. This is investment-related and takes nearly all of Patrick's time.
Employment History
Current Registrations
Rivernorth Capital Management, LLC
State Registrations1 state
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