Rocky Mountain Private Wealth Management, L.L.C. (Sugar Land)

Name: Rocky Mountain Private Wealth Management, L.L.C.
Address: Town Center, Sugar Land, TX, 77479
Telephone: 281-778-4900

Rocky Mountain Private Wealth Management, L.L.C. is an adviser based in Sugar Land. It manages $51.04 million of regulatory assets for 41 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of New Hampshire and Texas.

Rocky Mountain Private Wealth Management, L.L.C provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Rocky Mountain Private Wealth Management, L.L.C: assets under management

The assets under management (AUM) of Rocky Mountain Private Wealth Management, L.L.C. is $51.04 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 94% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $51.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.24 million each.

Rocky Mountain Private Wealth Management, L.L.C has custody of $41.64 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 89% of the total AUM. The second-largest asset type is investment and business development companies, which make up 11% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rocky Mountain Private Wealth Management, L.L.C. for their services and products based on a percentage of assets under management, fixed fees, 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 Gabriel Steven Gallegos serves?

The firm provides services to individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Gabriel Steven Gallegos is pooled investment vehicles with 3 clients and $41.64 million of assets under management. Among the 3 most similar advisory firms, Rocky Mountain Private Wealth Management, L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $51.04 million for 34 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.

Rocky Mountain Private Wealth Management, L.L.C also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Rocky Mountain Private Wealth Management, L.L.C.

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 3 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.

Gabriel Steven Gallegos has been acting as President since 1 Apr 2003. Taylor L. Gallegos joined the executive team most recently as the Vice President/Controller.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gabriel Steven Gallegos	President/secretary/chief compliance officer	1 Apr 2003	50% - 75%	4296378
Larry Harold Carter	President/treasurer	1 Apr 2003	50% - 75%	4664126
Taylor L. Gallegos	Vice president/controller	1 Oct 2008	50% - 75%	5606485

Based in Sugar Land

The principal office where Rocky Mountain Private Wealth Management, L.L.C. performs its advisory services is located at Town Center, Sugar Land, TX 77479, 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 281-778-4900. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at rmpwm.com.