B. Riley Capital Management, LLC is a large advisory firm based in Los Angeles. It manages $431.72 million of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Connecticut, Delaware, and 6 other states.
B. Riley Capital Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of B. Riley Capital Management, LLC is $431.72 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -33% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay B. Riley 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.
The firm provides services to investment companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of B. Riley Capital Management is pooled investment vehicles with 5 clients and $419.13 million of assets under management. Among the 6 most similar advisory firms, B. Riley Capital Management has the 3rd lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $431.67 million for 14 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.
B. Riley Capital Management also advises several private funds. Namely, three hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.
The company employs 38 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. 8 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.
The principal office where B. Riley Capital Management, LLC performs its advisory services is located at 11100 Santa Monica Blvd., Los Angeles, CA 90025, which is also the mailing address of the firm. An additional office of the firm is in Wilton, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-966-1444 or by fax 310-966-1448. The normal business hours are 6:00 - 3:00 on Monday - Friday. You can find more information about the New York firm at mkcapitaladvisors.com.