Rivernorth Capital Management, LLC

RIASEC RegisteredEst. 2002
Total AUM
$6.2B
Discretionary
$6.2B
100% of AUM
Avg account
$193M
Accounts
32
Employees
20
Advisory reps
11

Firm details

Headquarters
West Palm Beach, Florida
CRD number
122020
Registered since
October 15, 2002
Custodians
NATIONAL FINANCIAL SERVICES LLC, THE BANK OF NEW YORK MELLON, THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, U.S. BANCORP INVESTMENTS, INC.
Fee structure
Percentage of AUM, Performance Based Fees
Client types
  • Investment Companies75.15%
  • Pooled Investment Vehicles22.53%
  • Other Investment Advisers2.33%
Services
Portfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Rivernorth Capital Management, LLC is an SEC-registered investment manager (registered in 2002) organized as an LLC and structured as a hedge fund manager serving primarily institutional clients. The firm provides portfolio management for investment companies, pooled investment vehicles and institutional or business accounts, and it operates in roles consistent with a commodity pool operator/commodity trading advisor. Its revenue model combines asset-based fees with performance-linked compensation, which aligns with its hedge-fund orientation. The firm is linked to both a domestic entity and an individual owner and has affiliations that include acting as an adviser/sponsor and as a general partner or managing member of pooled vehicles. It does not position itself as an active ESG investor and is not identified as a multi-state or newly formed adviser.

Assets & Accounts

Public Holdings

Investments & Alternatives

Location & Offices

Investment profile

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Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

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CRM & tech providers

TAMPs used

Clients

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Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 66%, Other 16%, Derivatives 7%, Investment Grade Corp Bonds 6%, Cash & Cash Equivalents 5%66%
  • Public Funds/Mutual Funds66%
  • Other16%
  • Derivatives7%
  • Investment Grade Corp Bonds6%
  • Cash & Cash Equivalents5%

Owners & executives

3 of 3
  • Patrick Galley

    Patrick Galley

    Chief Executive Officer & Chief Investment OfficerCRD 4869392

  • Jonathan Mohrhardt

    Jonathan Mohrhardt

    President, Chief Operating OfficerCRD 3106914

  • Marcus Collins

    Marcus Collins

    General Counsel & Chief Compliance OfficerCRD 3075061

Contacts

3 of 8
  • Melissa Braun

    Melissa Braun

    ControllerCRD 5222655

  • Jonathan Browne

    Jonathan Browne

    Portfolio ManagerCRD 5170673

  • Eric Pestrue

    Eric Pestrue

    Senior Investment Analyst and Portfolio ManagerCRD 4416631

Unlock 5 more contacts

Wealth teams

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Newly hired reps

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Recent M&A activity

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Recent filings

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Awards

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ETF holdings

1 of 7

Active vs passive

$74.9M in ETFs

Passive

91%

$68.3M

Active

9%

$6.6M

ETFProviderStyleCategoryValueShares% of portfolio
ISHARES NATIONAL MUNI BOND ETF (MUB)BlackRockPassiveMuni National Interm$36.7M340,66348.94%

Location

Primary office

West Palm Beach, FL

Palm Beach

Location

West Palm Beach, FL

Headquartered in West Palm Beach, FL, anchoring the Miami-Port St. Lucie-Fort Lauderdale, FL metro in the South.

Metro area
Miami-Port St. Lucie-Fort Lauderdale, FL
Region
South
County
Palm Beach
Address
360 S Rosemary Ave
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth