{ "crd_number": 156165, "slug": "scala-capital-llc-miami-fl-156165", "primary_business_name": "SCALA CAPITAL LLC", "legal_name": "SCALA CAPITAL LLC", "dbas": [], "city": "Miami", "state": "FL", "country": "United States", "cbsa_code": "33100", "metro": { "cbsa_code": "33100", "common_name": "Miami", "msa_name": "Miami-Fort Lauderdale-West Palm Beach, FL", "path": "/advisors/fl/miami" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2018-04-18", "years_registered": 8, "period": "2026-10-01", "filing_date": "2026-01-30", "carried_forward": false, "raum_total": 380460729.0, "raum_discretionary": 366635138.0, "raum_non_discretionary": 13825591.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 12, "advisory_employees": 8, "client_count_bucket": null, "clients_by_type": { "other": { "raum": 56090000.0, "count": 39, "description": "OFFSHORE PERSONAL INVESTMENT COMPANIES" }, "charitable": { "raum": 4202000.0, "count": 1 }, "individuals": { "raum": 54205715.0, "count": 261 }, "banking_thrift": { "raum": 15688000.0, "count": 2 }, "high_net_worth_individuals": { "raum": 183671366.0, "count": 84 }, "pooled_investment_vehicles": { "raum": 65858648.0, "count": 13 }, "corporations_other_businesses": { "raum": 745000.0, "count": 3 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_individuals", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CO", "FL", "TX" ], "websites": [ "https://scala-capital.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156165", "city_as_filed": "MIAMI", "url": "https://advisorcensus.com/firm/scala-capital-llc-miami-fl-156165", "display_name": "Scala Capital LLC", "summary": "Scala Capital LLC is an SEC-registered investment advisory firm in Miami, FL, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated January 30, 2026.", "citation": "AdvisorCensus. Scala Capital LLC (CRD 156165): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for individuals and/or small businesses", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Scala Capital LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Scala Capital LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "What does Scala Capital LLC's brochure say about its fees?", "a": "Its Form ADV Part 2A brochure dated January 30, 2026 states: Up to $1,000,000: 1.5% a year; $1,000,001 to $10,000,000: 1.25% a year; Above $10,000,000: 1% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Scala Capital LLC located?", "a": "Scala Capital LLC's principal office is in Miami, FL, according to its Form ADV; the February 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Scala Capital LLC registered with the SEC or a state?", "a": "Scala Capital LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 156165." }, { "q": "How much does Scala Capital LLC manage?", "a": "Scala Capital LLC reports $380,460,729 in regulatory assets under management in its Form ADV filing dated January 30, 2026 (96% discretionary)." }, { "q": "How have Scala Capital LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Scala Capital LLC: Regulatory assets under management: $184,641,368 in the October 2021 data and $380,460,729 in the October 2026 data, up 106%. Total employees: 8 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Scala Capital LLC serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (261); high net worth individuals (84); other (39)." }, { "q": "Which custodians does Scala Capital LLC use?", "a": "Scala Capital LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Stonex Financial Inc. (affiliated with the firm) as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Scala Capital LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/156165" }, { "q": "Does Scala Capital LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated January 30, 2026 says: \"We generally require a minimum of $250,000 to open and maintain an advisory account. We may waive this requirement in our discretion if, for example, you appear to have significant potential for increasing assets under our management.\"" }, { "q": "What changed in Scala Capital LLC's recent Form ADV filings?", "a": "In the February 2026 filing data: Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $306,639,152 to $380,460,729 (+24%). Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 184641368.0, "total_employees": 8, "filing_date": "2021-02-05" }, { "period": "2022-10-01", "regulatory_assets_under_management": 217744636.0, "total_employees": 9, "filing_date": "2022-03-01" }, { "period": "2023-10-01", "regulatory_assets_under_management": 235138612.0, "total_employees": 7, "filing_date": "2023-03-06" }, { "period": "2024-10-01", "regulatory_assets_under_management": 259601732.0, "total_employees": 7, "filing_date": "2024-03-13" }, { "period": "2025-10-01", "regulatory_assets_under_management": 306639152.0, "total_employees": 11, "filing_date": "2025-07-24" }, { "period": "2026-10-01", "regulatory_assets_under_management": 380460729.0, "total_employees": 12, "filing_date": "2026-01-30" } ], "recent_changes": [ { "period": "2026-02-01", "period_label": "February 2026", "notes": [ "Employees performing advisory functions went from 7 to 8.", "Regulatory assets under management went from $306,639,152 to $380,460,729 (+24%).", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated January 30, 2026", "tiers": [ { "band": "Up to $1,000,000", "rate": "1.5%" }, { "band": "$1,000,001 to $10,000,000", "rate": "1.25%" }, { "band": "Above $10,000,000", "rate": "1%" } ], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$250,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "figures": [ { "label": "Fee schedule", "statements": [ "Up to $1,000,000: 1.5% a year", "$1,000,001 to $10,000,000: 1.25% a year", "Above $10,000,000: 1% a year" ], "quotes": [ "Up to $1,000,000 1.50% \n$1,000,001 to $10,000,000 1.25% \n$10,000,000 and over 1.00%" ] }, { "label": "Account minimum", "statements": [ "Account minimum: $250,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "We generally require a minimum of $250,000 to open and maintain an advisory account. We may waive this requirement in our discretion if, for example, you appear to have significant potential for increasing assets under our management." ] } ], "quotes": [ "Up to $1,000,000 1.50% \n$1,000,001 to $10,000,000 1.25% \n$10,000,000 and over 1.00%", "We generally require a minimum of $250,000 to open and maintain an advisory account. We may waive this requirement in our discretion if, for example, you appear to have significant potential for increasing assets under our management." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "affiliated": false }, { "name": "Stonex Financial Inc.", "name_as_filed": "STONEX FINANCIAL INC.", "affiliated": true } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/scala-capital-llc-miami-fl-156165.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 261, "fewer_than_5": false, "raum": 54205715.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 84, "fewer_than_5": false, "raum": 183671366.0 }, { "type": "banking_thrift", "label": "Banking or thrift institutions", "count": 2, "fewer_than_5": false, "raum": 15688000.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 13, "fewer_than_5": false, "raum": 65858648.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 1, "fewer_than_5": false, "raum": 4202000.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 3, "fewer_than_5": false, "raum": 745000.0 }, { "type": "other", "label": "Other", "count": 39, "fewer_than_5": false, "raum": 56090000.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156165", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }