{"url":"https://nivawealth.com/firms/galliard-capital-management-106487","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106487","regulatoryAum":80266203713,"crd":"106487","secFileNumber":"801-49780","legalName":"Galliard Capital Management, LLC","displayName":"Galliard Capital Management","website":"https://www.galliard.com","linkedinUrl":"https://www.linkedin.com/company/galliard-capital-management/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"800 Lasalle Ave., Ste 1400","city":"Minneapolis","state":"MN","stateName":"Minnesota","country":"United States","postalCode":"55402-2054"},"tradeNames":[],"registration":{"secApproved":"10 August 1995","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":89,"advisory":20,"brokerDealerReps":0,"insuranceAgents":0,"promoters":8},"aum":{"discretionary":79185709306,"discretionaryAccounts":260,"nonDiscretionary":1080494407,"nonDiscretionaryAccounts":4,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Investment companies","clients":2,"regulatoryAum":602415437},{"label":"Pooled investment vehicles","clients":4,"regulatoryAum":13545690915},{"label":"Pension and profit-sharing plans","clients":104,"regulatoryAum":34084949179},{"label":"Charitable organizations","clients":15,"regulatoryAum":3033209924},{"label":"State or municipal government entities","clients":47,"regulatoryAum":26539780344},{"label":"Insurance companies","clients":4,"regulatoryAum":756981984},{"label":"Corporations and other businesses","clients":2,"regulatoryAum":284802772},{"label":"Other","clients":10,"regulatoryAum":1418373158}],"fees":[],"feeNotes":[],"custodians":[{"name":"The Bank of New York Mellon, N.A.","shortName":"The Bank of New York Mellon, N.A.","location":"Jersey City, NJ","smaAssets":45718751495}],"custodyNote":"Galliard Capital Management has custody of $429.8M for 5 clients.","otherCustodians":[],"leadership":[{"name":"Michael Norman","title":"President and Senior Managing Principal","crd":"2843681"},{"name":"Amy Stueve","title":"Chief Compliance Officer","crd":"4863173"},{"name":"Ajay Mirza","title":"Senior Managing Principal","crd":"2569763"},{"name":"Sallie Squire","title":"Chief Operations Officer","crd":"2932918"}],"ownership":[{"label":"Allspring Global Investments Holdings, LLC","detail":"Direct parent company in the 75% or more ownership band and a control person, since November 2021."},{"label":"Allspring Buyer, LLC","detail":"Indirect owner: a shareholder of Allspring Global Investments Holdings, LLC in the 75% or more band and a control person, since November 2021.","parent":"Allspring Global Investments Holdings, LLC"},{"label":"Allspring Intermediate II, LLC","detail":"Indirect owner: a shareholder of Allspring Buyer, LLC in the 75% or more band and a control person, since November 2021.","parent":"Allspring Buyer, LLC"},{"label":"Allspring Intermediate I, LLC","detail":"Indirect owner: a shareholder of Allspring Intermediate II, LLC in the 75% or more band and a control person, since November 2021.","parent":"Allspring Intermediate II, LLC"},{"label":"Allspring Group Holdings, LLC","detail":"Indirect owner: a shareholder of Allspring Intermediate I, LLC in the 75% or more band and a control person, since November 2021.","parent":"Allspring Intermediate I, LLC"},{"label":"GTCR Fund Xiii/B LP","detail":"Indirect owner: a shareholder of Allspring Group Holdings, LLC in the 25% to 50% band and a control person, since November 2021.","parent":"Allspring Group Holdings, LLC"},{"label":"Sallie Squire","detail":"Indirect owner: manager; chief operating officer of Allspring Global Investments Holdings, LLC and a control person, since November 2021.","parent":"Allspring Global Investments Holdings, LLC"},{"label":"GTCR Partners Xiii/B LP","detail":"Indirect owner: general partner of GTCR Fund Xiii/B LP and a control person, since July 2020.","parent":"GTCR Fund Xiii/B LP"},{"label":"GTCR Investment Xiii LLC","detail":"Indirect owner: general partner of GTCR Partners Xiii/B LP and a control person, since July 2020.","parent":"GTCR Partners Xiii/B LP"},{"label":"Annette Lege","detail":"Indirect owner: manager; chief financial officer of Allspring Global Investments Holdings, LLC and a control person, since August 2024.","parent":"Allspring Global Investments Holdings, LLC"},{"label":"Catherine Burke","detail":"Indirect owner: manager; chief executive officer of Allspring Global Investments Holdings, LLC and a control person, since July 2025.","parent":"Allspring Global Investments Holdings, LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Minnesota","offices":1,"addresses":[{"street":"800 Lasalle Ave., Ste 1400","city":"Minneapolis","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"612-667-3220","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"U.S. government/agency bonds","percent":15},{"label":"U.S. state and local bonds","percent":1},{"label":"Investment grade corporate bonds","percent":9},{"label":"Securities issued by pooled investment vehicles (other than registered investment companies)","percent":4},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":69,"detail":"Approximately 92% of These Assets Consist of Stable Value Investment Contracts. the Remaining Assets Consist of Asset Backed Securities and Non-Agency Structured Assets"}],"privateFunds":3},"sources":{"adv1FilingDate":"20 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106487/PDF/106487.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Galliard Capital Management have?","answer":"Galliard Capital Management has 188 clients and manages $80.3 billion for them, as of March 2026. They include 104 pension and profit-sharing plans, 47 state or municipal government entities and 15 charitable organizations.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Galliard Capital Management offer?","answer":"Galliard Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles, portfolio management for institutions and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Galliard Capital Management use?","answer":"Galliard Capital Management’s separately managed account assets are held at The Bank of New York Mellon, N.A. (Jersey City, NJ), with $45,718,751,495. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 20 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Galliard Capital Management have?","answer":"Galliard Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 89 employees, and 20 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Galliard Capital Management invest in?","answer":"At the end of its last fiscal year, Galliard Capital Management’s separately managed accounts held 69% approximately 92% of these assets consist of stable value investment contracts. the remaining assets consist of asset backed securities and non-agency structured assets, 15% U.S. government and agency bonds, 9% investment grade corporate bonds, 4% pooled vehicles (private funds and similar), 2% cash and equivalents and 1% state and local bonds. It advises 3 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Galliard Capital Management?","answer":"Galliard Capital Management’s direct owner is Allspring Global Investments Holdings, LLC (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 20 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Galliard Capital Management get paid?","answer":"Galliard Capital Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}