Rialto Capital Management, LLC (Miami)

Name: Rialto Capital Management, LLC
Address: 200 South Biscayne Boulevard, Miami, FL, 33131
Telephone: 305-485-2077

Rialto Capital Management, LLC is a large advisory firm based in Miami. It manages $4.48 billion of regulatory assets for 55 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Colorado, Florida, and 3 other states.

Rialto Capital Management provides 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.

Rialto Capital Management: assets under management

The assets under management (AUM) of Rialto Capital Management, LLC is $4.48 billion. The firm's AUM has grown by 87% since the beginning of its operation, and $310.98 million of the total AUM is attributable to clients outside of the United States.

The firm manages $3.75 billion in discretionary accounts and $732.03 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $83.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $73.2 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rialto Capital Management, 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 Jay Howard Mantz serves?

The only and largest group of clients of Jay Howard Mantz is pooled investment vehicles with 53 clients and $4.38 billion of assets under management. Among the 7 most similar advisory firms, Rialto Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.38 billion for 53 clients. 15% of the firm’s clients are foreign persons or businesses.

Rialto Capital Management also advises several private funds. Namely, one hedge fund and seventeen real estate funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Rialto Capital Management, LLC

The company employs 65 people that are either part- or full-time employees. 85 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.

Jay Howard Mantz has been acting as President since 1 Sep 2011. William Wilder Landis has served as the Chief Investment Officer since 1 Oct 2008 and Jeffrey Paul Krasnoff is the Chief Executive Officer of Rialto Capital Management, LLC family office. Amanda Beth Lenok Vega joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jeffrey Paul Krasnoff	Chief executive officer	1 Aug 2007	Other	6030129
Lennar Corporation	Sole member	1 Aug 2007	75% - 100%	95-4337490
Jeffrey P (Mio) Krasnoff	Chief executive officer	1 Aug 2007	Other	6030129
William Wilder Landis	Chief operating officer/chief investment officer	1 Oct 2008	Other	1667140
Thekla B (Mio) Salzman	Chief administrative officer	1 Jan 2009	Other	6030126
Thekla Debra Salzman	Chief administrative officer	1 Jan 2009	Other	6030126
Cheryl Lynn Baizan	Chief financial officer	1 Feb 2010	Other	6030127
Cheryl (Nmn) Baizan	Chief financial officer	1 Feb 2010	Other	6030127
Joshua Robert Cromer	Managing director	1 Mar 2010	Other	4842747
Joseph Samuel Bachkosky	Managing director	1 Jun 2010	Other	6760681
Liat (Nmn) Heller	Chief compliance officer/general counsel	1 May 2011	Other	6030128
Jay Howard Mantz	President	1 Sep 2011	Other	2088508
Scott Adam Gelley	Director	1 Apr 2012	Other	6759835
Llc Rialto Holdings	Sole member	1 Aug 2013	75% - 100%	90-1016134
Llc Rialto Investment Management	Sole member	1 Jul 2017	75% - 100%	32-0534667
Cory Martin Olson	Chief operating officer	1 Nov 2018	Other	2914902
Marshall Brian Van Smith	Chief financial officer	1 Dec 2018	Other	7050297
Amanda Beth Lenok Vega	Chief compliance officer	1 Jun 2019	Other	5234697

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stuart Alan Miller	Chief executive officer	1 Jul 1997	50% - 75%	1861111
Lennar Corporation	Sole member	1 Aug 2013	75% - 100%	95-4337490
L.P. Trident Capital Vii	General partner	1 Jul 2016	Other	98-1321144
Llc Rialto Holdings	Sole member	1 Jun 2017	75% - 100%	90-1016134
Llc Rialto Management Group	Sole member	1 Nov 2018	75% - 100%	83-1423160
Inc. Rialto Capital Group Holdings	Sole member	1 Nov 2018	75% - 100%	83-2403524
L.P. Trident Vii	Limited partner	1 Nov 2018	50% - 75%	98-1321105
L.P. Trident Vii Parallel Fund	Limited partner	1 Nov 2018	25% - 50%	98-1321127
L.P. Trident Viii	Limited partner	1 Nov 2018	50% - 75%	98-1321105

Based in Miami

The principal office where Rialto Capital Management, LLC performs its advisory services is located at 200 South Biscayne Boulevard, Miami, FL 33131, which is also the mailing address of the firm. An additional office of the firm is in Chapel Hill, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-485-2077 or by fax 305-485-4111. The normal business hours are 9am - 6pm on Monday - Friday. You can find more information about the New York firm at rialtocapital.com/.