Scala Capital LLC (Miami)

Name: Scala Capital LLC
Address: 999 Brickell Avenue, Miami, FL, 33131
Telephone: 305-539-3850

Scala Capital LLC is a large advisory firm based in Miami. It manages $155.52 million of regulatory assets for 257 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Florida and Texas.

Scala Capital provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

Scala Capital: assets under management

The assets under management (AUM) of Scala Capital LLC is $155.52 million. The firm's AUM has grown by 15% since the beginning of its operation, and $110.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $134.31 million in discretionary accounts and $21.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $591.67 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $706.99 thousand.

Scala Capital has custody of $24.56 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 37% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 21% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Scala Capital 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 Scala Capital serves?

The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and banking or thrift institutions. The largest group of clients of Scala Capital is pooled investment vehicles with 3 clients and $31.72 million of assets under management. Among the 9 most similar advisory firms, Scala Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $74.38 million for 161 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 57% of the firm’s clients are foreign persons or businesses.

Scala Capital also advises several private funds. Namely, three other private funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Scala Capital LLC

The company employs 8 people that are either part- or full-time employees. 25 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate 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
Era Ventures Corporation	Member	1 Dec 2010	25% - 50%	27-4028026
Agra Ventures Corporation	Member	1 Dec 2010	25% - 50%	27-4028154
Inc. Skyview Ventures	Member	1 Dec 2010	25% - 50%	26-3085075
Alberto Eduardo Siblesz	Chief compliance officer	1 Jan 2012	Other	5425706

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Alberto Eduardo Siblesz	Owner	1 Dec 2010	75% - 100%	5425706
Esteban Nmn Tome	Owner	1 Dec 2010	75% - 100%	5425733
David Nmn Guenoun	Owner	1 Dec 2010	75% - 100%	2665272

Based in Miami

The principal office where Scala Capital LLC performs its advisory services is located at 999 Brickell Avenue, Miami, FL 33131, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 305-539-3850 or by fax 888-830-7554. The normal business hours are 8:30 a.m. - 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at iconic-capital.com.