Clnc Manager, LLC (Los Angeles)

Name: Clnc Manager, LLC
Address: 515 South Flower Street, Los Angeles, CA, 90071
Telephone: 310-282-8820

Clnc Manager, LLC is a related adviser based in Los Angeles. It manages $8.66 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Maryland, and New York.

Clnc Manager provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Clnc Manager: assets under management

The assets under management (AUM) of Clnc Manager, LLC is $8.66 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $8.66 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.66 billion each.

Clnc Manager has custody of $8.66 billion in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clnc Manager, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Thomas Joseph Barrack serves?

The only and largest group of clients of Thomas Joseph Barrack is pooled investment vehicles with 1 clients and $8.66 billion of assets under management. Among the 9 most similar advisory firms, Clnc Manager has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $8.66 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Clnc Manager doesn't advise any private funds.

Careers at Clnc Manager, LLC

The company employs 457 people that are either part- or full-time employees. 34 percent of the employees work as investment advisers or researchers. No 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.

Thomas Joseph Barrack has been acting as President since 1 Aug 2017. Richard Brett Saltzman joined the executive team most recently as the Chief Executive Officer And President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Colony Capital Investment Holdco	Sole member, colony capital investment advisors, llc	1 Apr 2015	75% - 100%	47-3464516
Llc Colony Capital Op Subsidiary	Sole member, colony capital investment holdco, llc	1 Apr 2015	75% - 100%	37-1779288
Llc Colony Capital Operating Company	Sole member, colony capital op subsidiary, llc	1 Apr 2015	75% - 100%	45-2443407
Thomas Joseph Barrack	Chairman	1 Aug 2017	Other	1277846
Richard Brett Saltzman	Chief executive officer and president	1 Aug 2017	Other	711874
Ronald Mark Sanders	Vice president and secretary	1 Aug 2017	Other	5077056
Leon Nmn Schwartzman	Chief compliance officer	1 Aug 2017	Other	3111460
Darren James Tangen	Vice president	1 Aug 2017	Other	4235602
Mark Melvin Hedstrom	Vice president and treasurer	1 Aug 2017	Other	5077054
Llc Colony Capital Investment Advisors	Sole member	1 Aug 2017	75% - 100%	175506

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Colony Northstar	Member	1 Apr 2015	75% - 100%	27-0419483
Inc. Colony Capital	Member	1 Apr 2015	75% - 100%	46-4591526

Based in Los Angeles

The principal office where Clnc Manager, LLC performs its advisory services is located at 515 South Flower Street, Los Angeles, CA 90071, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-282-8820 or by fax 310-460-7956. The normal business hours are 7:00am to 7:00pm on Monday - Friday. You can find more information about the New York firm at clns.com.