Vivaldi Capital Management, LLC (Chicago)

Name: Vivaldi Capital Management, LLC
Address: 225 West Wacker, Chicago, IL, 60606
Telephone: 312.248.8300

Vivaldi Capital Management, LLC is a large advisory firm based in Chicago. It manages $1.53 billion of regulatory assets for 2,812 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Alaska, Arizona, California, and 25 other states.

Vivaldi Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Vivaldi Capital Management: assets under management

The assets under management (AUM) of Vivaldi Capital Management, LLC is $1.53 billion. The firm's AUM has grown by 743% since the beginning of its operation, and $2.09 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.16 billion in discretionary accounts and $367.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $686.63 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $326.44 thousand.

Vivaldi Capital Management has custody of $742.21 million in cash and securities for 317 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 37% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vivaldi Capital Management, LLC 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 Vivaldi Capital Management serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Vivaldi Capital Management is high net worth individuals with 391 clients and $756.91 million of assets under management. Among the 11 most similar advisory firms, Vivaldi Capital Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.53 billion for 770 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.

Vivaldi Capital Management also advises several private funds. Namely, seven hedge funds and five private equity funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $1,000,000.

Careers at Vivaldi Capital Management, LLC

The company employs 36 people that are either part- or full-time employees. 14 percent of the employees work as investment advisers or researchers. 14 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Randal Lawrence Golden	Co-founder / cfo/ cco	1 Dec 2011	Other	2372743
David Alan Sternberg	Co-founder and ceo	1 Dec 2011	Other	2352273
Aaj Ventures Inc	Member	1 Dec 2011	50% - 75%	26-4471717
H/E Ventures Inc	Member	1 Dec 2011	50% - 75%	45-3661618
Michael Peck	Co-cio and president	1 Jan 2013	Other	6241227
Scott Lee Hergott	Co-cio and director of research	1 Jan 2013	Other	2336468
Michael Dillon Peck	Co-cio / president	1 Jan 2013	Other	6241227
Chad Samual Eisenberg	Chief operating officer	1 Jan 2013	Other	6310581
Chad Eisenberg	Chief operating officer	1 Jan 2014	Other	6310581
Chad Samual Eisenberg	Chief operating officer	1 Jan 2014	Other	6310581
Llc Vivaldi Holdings	Member	1 Dec 2014	75% - 100%	47-1205673
Michelle Marie Comella	Chief compliance officer / general counsel	1 Jan 2016	Other	2132363
Vcm Equity Holdings Llc	Member	1 Oct 2017	Other	61-1861836
Marc D Bassewitz	Chief compliance officer/general counsel	1 Jan 2019	Other	5715569

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
H/E Ventures Inc	Memeber	1 Dec 2014	25% - 50%	45-3661618
Aaj Ventures Inc	Member	1 Dec 2014	25% - 50%	26-4471717
Vivaldi Holdings Llc	Managing member	1 Oct 2017	Other	47-1205673

Based in Chicago

The principal office where Vivaldi Capital Management, LLC performs its advisory services is located at 225 West Wacker, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in Fort Wayne, IN. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312.248.8300 or by fax 847.386.2910. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at vivaldicap.com.