Asset manager · Minneapolis, MN
Galliard Capital Management
Galliard Capital Management, LLC · SEC-registered investment adviser · CRD 106487 · SEC 801-49780
At a glance
Galliard Capital Management is an SEC-registered investment adviser based in Minneapolis, Minnesota, with $80.3 billion in regulatory assets under management as of its Form ADV filed March 20, 2026. Its largest client group by assets is pension and profit sharing plans. By Form ADV it is a asset manager, ranked 160th of 3,218 asset managers and 313th of 17,210 SEC-registered advisers by assets.
Main office 612-667-3220galliard.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $80B
- Rank among asset managers
- #160 of 3,218
- Rank among all SEC RIAs
- #313 of 17,210
- Rank in Minnesota
- #7 of 276
- Clients
- 188
- Accounts
- 264
- Discretionary
- 99% of AUM
- Employees
- 89
- Advisory staff
- 20
- Offices
- 1
Owners and executives on its Form ADV
- Ajay (. MirzaSenior Managing Principal
- Michael D. NormanPresident and Senior Managing Principal
- Sallie C. SquireChief Operations Officer
- Amy C. StueveChief Compliance Officer
Custody and brokerage
Broker-dealer
Affiliated broker-dealer
It names an affiliated broker-dealer: Allspring Funds Distributor, LLC.
- Allspring Funds Distributor, LLC ↗CRD 133366
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pension and profit sharing plans | 104 | $34B | 42% |
| State or municipal government entities | 47 | $27B | 33% |
| Pooled investment vehicles | 4 | $14B | 17% |
| Charitable organizations | 15 | $3.0B | 4% |
| Other | 10 | $1.4B | 2% |
| Insurance companies | 4 | $757M | <1% |
| Investment companies | 2 | $602M | <1% |
| Corporations or other businesses | 2 | $285M | <1% |
Private funds
Galliard Capital Management reports 3 private funds with $430M in gross assets: other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Galliard Capital Management reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗galliard.com ↗
AtlasMembers
The full record on Galliard Capital Management
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 252 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Galliard Capital Management manage?
Galliard Capital Management reports $80.3 billion in regulatory assets under management across 264 accounts, 99% of it on a discretionary basis, on its Form ADV filed March 20, 2026.
What kind of firm is Galliard Capital Management?
Galliard Capital Management is a asset manager by its Form ADV answers. Most of its assets are managed for funds, institutions or other businesses rather than individuals.
Who are Galliard Capital Management’s clients?
By assets, its largest client types are pension and profit sharing plans ($34.1 billion, 104 clients); state or municipal government entities ($26.5 billion, 47 clients); pooled investment vehicles ($13.5 billion, 4 clients).
Does Galliard Capital Management manage private funds?
Yes. It reports 3 private funds with $430 million in gross assets, including other private funds.
Does Galliard Capital Management have any disciplinary history?
Galliard Capital Management reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Galliard Capital Management’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-20), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →