B. Riley Capital Management, LLC (Los Angeles)

Name: B. Riley Capital Management, LLC
Address: 11100 Santa Monica Blvd., Los Angeles, CA, 90025
Telephone: 310-966-1444

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.

B. Riley Capital Management: assets under management

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 firm manages $431.72 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $28.78 million each.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

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. 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 B. Riley Capital Management serves?

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.

Careers at B. Riley Capital Management, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. B. Riley Financial	Owner	1 Feb 2015	75% - 100%	27-0223495
Mark David Klein	Member, board of managers	1 Apr 2015	Other	1783756
Bryant Richard Riley	Chief executive officer & member, board of managers	1 Apr 2015	Other	1702453
Thomas John Kelleher	President & member, board of managers	1 Apr 2015	Other	2881063
Phillip J Ahn	Member, board of managers	1 Apr 2015	Other	2764684
Allison Virginia Petchenick	Chief compliance officer	1 Apr 2015	Other	4276657
Michael Richard Mccoy	Chief financial officer	1 Apr 2015	Other	4743031
Alan Neil Forman	General counsel	1 Jun 2015	Other	6517416
Michael Markunas	Deputy general counsel, chief compliance officer	1 Mar 2016	Other	1832307

Based in Los Angeles

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.