Rialto Capital Management is a fee-only institutional investment management firm based in Miami, Florida. Rialto does not manage money for individuals. If you are looking for someone to help manage a personal portfolio, you can find one with SmartAsset’s free financial advisor matching tool.
Rialto Capital Management, LLC Background
Rialto was founded in 2007. In 2018, the firm and its parent company were acquired by various funds managed by Stone Point Capital, LLC and certain Rialto employees.
Rialto Capital Management, LLC Client Types and Minimum Account Sizes
Rialto only works with institutional clients. Most of the firm’s clients are pooled investment vehicles, though there are a small number of insurance companies also on the books.
Various types of clients can invest in the funds managed by Rialto, including high-net-worth individuals, pension plans, sovereign wealth funds, endowments, foundations, banks, insurance companies, pooled investment vehicles, trusts, estates, charitable organizations and corporate or business entities.
The minimum required investment depends on the fund. Minimums are available in each fund’s governing documents and can be adjusted at the discretion of the firm.
Services Offered by Rialto Capital Management, LLC
Services at Rialto are as follows:
- Investment management
- Investment funds
- Asset management
- Loan asset management
Investment Philosophy
- There are a few investment areas where Rialto focuses:
- Distressed loans
- CMBS
- Commercial properties
- Direct real estate lending
Fees Under Rialto Capital Management, LLC
Clients at Rialto are charged an investment management fee, generally between 0.25% and 1.5% yearly.
Performance-based fees may also be part of Rialto’s compensation, depending on the fund.
What to Watch Out For
Rialto has one disclosure on its record that was added to its latest ADV filing. The firm entered into a settlement with the SEC without admittance of any wrongdoing. The firm was ordered to pay a penalty of $350,000 to the SEC for the accusation of the firm not providing sufficient disclosure as part of its annual advisory committee approval process for certain reimbursable costs.
As noted above, Rialto is not an advisor of individual investors. Use SmartAsset’s free financial advisor matching service to find an advisor who does work with individuals.
Opening an Account With Rialto Capital Management, LLC
Interested in investing with Rialto? Email investorrelations@rialtocapital.com or call (305) 485-2077.
All information was accurate as of the writing of this article.
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