Rmb Capital Management, LLC (Chicago)

Name: Rmb Capital Management, LLC
Address: 115 S. Lasalle, 34 Th Floor, Chicago, IL, 60603
Telephone: 312-993-5800

Rmb Capital Management, LLC is a large advisory firm based in Chicago. It manages $8.63 billion of regulatory assets for 15,759 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Rmb Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and publication of newsletters. It prepares financial plans for approximately 1,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rmb Capital Management: assets under management

The assets under management (AUM) of Rmb Capital Management, LLC is $8.63 billion. The firm's AUM has grown by 1178% since the beginning of its operation, and $262.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $7.87 billion in discretionary accounts and $758.34 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $629.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $233.05 thousand.

Rmb Capital Management has custody of $4.67 billion in cash and securities for 1,684 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 6% of the firm’s portfolio. Investments in state and local bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rmb Capital Management, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Frederick Nmn Paulman serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, other investment advisers, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Frederick Nmn Paulman is high net worth individuals with 1,021 clients and $4.81 billion of assets under management. Among the 11 most similar advisory firms, Rmb Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $8.63 billion for 1,823 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.

Rmb Capital Management also advises several private funds. Namely, fifteen hedge funds, two real estate funds, and two private equity funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Rmb Capital Management, LLC

The company employs 196 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 64 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 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.

Frederick Nmn Paulman has been acting as President since 1 Jul 2005. Christopher Michael Graff joined the executive team most recently as the Co Chief Investment Officer, Managing Director Of Asset Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jennifer Andreat Rydwelski	Chief compliance officer and director of human resources	1 Jan 2005	Other	2906163
Richard Mcfarland Burridge	Chief executive officer & chief investment officer	1 Apr 2005	Other	1365954
Richard M Burridge	Chief investment officer, principal	1 Apr 2005	75% - 100%	1365954
Frederick Paulman	Chief operating officer, senior vice president	1 Apr 2005	Other	2762572
Frederick Nmn Paulman	President	1 Jul 2005	Other	2762572
Frederick Paulman	Managing principal	1 Jul 2005	25% - 50%	2762572
Maher Abrahim Harb	Chief financial officer	1 Jan 2010	Other	2279434
Walter Henry Clark	Chief operating officer	1 May 2010	Other	2146034
Walter H Clark	Chief operating officer	1 May 2010	Other	2146034
Llc Rmb Capital Holdings	Owner	1 Jul 2011	75% - 100%	45-2624924
Jeffrey Charles Pearsall	Director of wealth management	1 Mar 2015	Other	2395484
Lisa Marie Tamburini	Chief compliance officer	1 Jan 2017	Other	5736810
Christopher Michael Graff	Co-chief investment officer, managing director of asset management	1 Apr 2018	Other	3180553

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Mcfarland Burridge	Owner	1 Jul 2011	50% - 75%	1365954
Walter Henry Clark	Owner	1 Jul 2011	Other	2146034
Frederick Nmn Paulman	Owner	1 Jul 2011	25% - 50%	2762572
Jeffrey Charles Pearsall	Owner	1 Jul 2011	Other	2395484
Richard M Burridge	Owner	1 Jul 2011	50% - 75%	1365954
Walter H Clark	Owner	1 Jul 2011	Other	2146034
Frederick Paulman	Owner	1 Jul 2011	25% - 50%	2762572

Based in Chicago

The principal office where Rmb Capital Management, LLC performs its advisory services is located at 115 S. Lasalle, 34 Th Floor, Chicago, IL 60603, which is also the mailing address of the firm. An additional office of the firm is in Wilson, WY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-993-5800 or by fax 312-993-5801. The normal business hours are 8:00 a.m. to 5:00 p.m on Monday - Friday. You can find more information about the New York firm at rmbcap.com.