Our Firm

Vivaldi Capital Management is a privately owned wealth management firm that advises high net worth individuals and family offices.  Vivaldi was created on the belief that an independent firm was the best way to ensure our clients were served with their greatest interests in mind – both in terms of customized wealth management solutions and personalized service. By understanding our client’s objectives, we are able to provide proper guidance while keeping them well informed along the way.

At Vivaldi Capital Management, our mission is to:

  • Preserve and grow client wealth
  • Provide high quality traditional and alternative investment solutions
  • Serve as a trusted steward for our clients
Wealth Planning

The conventional approach to financial planning is to establish a sound plan that can withstand the test of time. While we are staunch believers in managing wealth with a long-term view, we are not proponents of a ‘set it and forget it’ mentality. Clients who prefer to work with us commit to a more proactive course of action – focused on developing a strong sense of confidence, achieving their financial goals, and protecting their legacy.

At Vivaldi, wealth planning is not a one-time exercise – your plan evolves as your family’s life and wealth change. Accordingly, every client works with a dedicated Wealth Adviser who is responsible for delivering a superior experience to meet the ongoing goals of each client. We believe this approach is more personal, more customizable, and more relevant than the standard framework employed by most wealth management firms. Throughout the year, you can expect to receive proactive communication and high touch service, as we aspire to become the focal point of our client’s life and wealth affairs.

Investment Policy Design

The foundation of your long-term investment strategy is the investment policy statement (IPS) that frames your needs, objectives and priorities across time and generations. Each client works with their Wealth Advisor to determine how much risk they are comfortable taking, wherein we quantify your investment objectives into a specific risk tolerance. When crafting your IPS, your Wealth Advisor will help you identify any areas of special focus that will impact planning to your future, such as retirement income needs, funding a higher education for your family’s next generation, or managing tax consequences.

Asset Allocation

We are proponents of asset allocation as the primary driver of risk and return within our clients’ portfolios. Together, you and your Wealth Advisor will work collaboratively with our distinctive Asset Allocation Committee – the firm’s principal professionals with decades of investment experience – to create a personalized portfolio allocation for your family. Vivaldi breaks down the investment universe into six specific asset classes to better facilitate goals-based investment planning for its clients.

  • Equities
  • Fixed Income
  • Liquid Alternatives
  • Hedge Funds
  • Real Estate
  • Private Equity & Special Situations

The chief objective is not to create confusion over asset class descriptions; rather, it is to create an open architecture for aligning family goals and portfolio asset allocations.

Tax Efficient Management

It is not what an investor makes, it is what they keep that is most important. To that end, we are diligent about optimizing after-tax returns for our clients. When possible, we allocate tax-inefficient into tax-advantaged retirement accounts, tax-efficient investments into taxable accounts, and harvest losses to offset capital gains.

Meet the Wealth Management Team
Vivaldi Investment Research

Vivaldi Capital Management houses a specialized business unit called Vivaldi Investment Research.  This dedicated investment research team operates as a supportive unit to our Wealth Planning team as well as a resource for a select group of institutional clients and family offices. The Research Team is not distracted by other obligations. The sole purpose of this dedicated team is to find investment solutions to enhance client portfolios. In 2017 alone, Vivaldi’s Research Team:

  • Met with over 150 portfolio managers
  • Participated in over 250 portfolio manager meetings
  • Performed initial review of 500 investment strategies
  • Participated in over 25 capital introduction events
  • Attended 5 top-tier investment conferences

Investment due diligence covers all asset classes and strategies, wherein the Research Team maintains a proprietary database of portfolio managers and all related correspondence. Importantly, the Research Team does not perform database screens to identify prospective portfolio managers. The vast majority of currently sourced funds and strategies have come through our extensive network and reach within the investment community as opposed to any screening process. Prior to making any allocations, the Research Team sets the expectation with the fund manager and their team that we require a certain level of transparency and access. We perform ongoing due diligence on our approved managers to ensure that are adhering to their style, process and investment mandate.

Investment Strategies

We focus on providing access to alternative investment strategies such as hedge funds, real estate and private equity.  We pride ourselves on maintaining a proprietary approach to identifying unique alternative investment strategies across:

  • Arbitrage
  • Credit
  • Event Driven
  • Long/Short Equity
  • Mortgages
  • Multi-Strategy
  • Real Estate
  • Private Equity & Special Situations

Access to Institutional-Quality Managers

The Research Team utilizes their expertise and extensive network to gain access to institutional-quality portfolio managers with a demonstrated “edge” in their investment universe. We create value by sourcing and providing a differentiated manager line-up that clients cannot receive at the large wire-houses or on other plug-and-play platforms.

Manager Research & Due Diligence

When performing due diligence, there is no substitute for experience and judgement. Our investment and operational due diligence process is methodical and rigorous. When we examine a manager, we not only review the manager and their performance history, but also their infrastructure, back office support, and service providers. Finding portfolio managers with a unique investment edge is equally as important as verifying that they have the controls in place designed to protect our clients’ assets.

Meet the Vivaldi Investment Research
Meet Our Team
David Sternberg Chief Executive Officer
Michael Peck, CFA President, Co-Chief Investment Officer
Randal Golden Chief Financial Officer
Chad Eisenberg, CPA Chief Operating Officer
Scott Hergott Co-CIO, Director of Research
Brian Murphy Portfolio Manager
Michelle M. Comella Chief Compliance Officer & General Counsel
Julie Kraff Treasurer
Monica Mehta Director of Key Accounts & Business Development
Nicholas Lotysz, CFA, CPA Director of Operational Due Diligence
Richard L. Intrater Managing Director
Ilya Zlotnik Wealth Adviser
Lilian Lo, CFP® Wealth Adviser
Tedman Breiter Wealth Adviser
Brandon Intrater Managing Director
David Snyder Wealth Adviser
Andrew Lindblom, CFA Director of Wealth Management
Alissa Levy Director of Client Services
Andrew Sternberg, CFP® Analyst
Michael Grayson Analyst
Evan Stoff, CFA Research Analyst
Jan Qin Client Service Associate
Emily Intrater Client Service Associate
Trevor Katzban Research Analyst
Elizabeth Asher Analyst
Yadira Guzman, CPA Controller
Joshua Pilson, CAIA Portfolio Specialist
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David Sternberg Chief Executive Officer

David is a founding principal of Vivaldi Capital Management and leads the research process for selecting and approving new alternative investments for Vivaldi’s platform. He has over 31 years of experience in the financial markets and plays a lead role in the identification and selection of new alternative investment strategies. Prior to founding Vivaldi, David was a principal with FGMK Preservation Capital, where he specialized in analyzing and selecting Alternative Investments for high net worth clients.

In September 1999, he co-founded the Iron Partners LLC, a registered investment advisor with assets over $250 million, managing it until its sale in 2007. During the previous 15 years, David was a floor trader on the Chicago Board Options Exchange where he both traded and backed/trained over 20 traders employing his hedging strategies. David holds a BA degree in Business Administration from the University of Iowa.

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Michael Peck, CFA President, Co-Chief Investment Officer

Michael Peck is President and Co-Chief Investment Officer and responsible for all portfolio management as well as creating and implementing the strategic vision of the firm. Prior to Vivaldi, Michael was a Portfolio Manager at Coe Capital Management, a Chicago-based registered investment adviser and also a Financial Analyst and Risk Manager for Bond Companies. Michael graduated from Lehigh University with a Bachelor of Science in Accounting. He also holds a Masters in Finance and a Master’s in Business Administration in both Finance & Real Estate from DePaul University and is a Chartered Financial Analyst (CFA) charter holder.

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Randal Golden Chief Financial Officer

Randal is a founding principal of Vivaldi Capital Management. Since 1993, he has provided clients asset management services and solutions. Prior to forming Vivaldi, Randal served as Managing Director for FGMK/Preservation Capital Partners and Mesirow Financial where his investment philosophy centered on capital preservation and delivering absolute returns through custom portfolios of both alternative investments and fixed income securities.

Randal received a BA degree in Liberal Arts and Sciences from the University of Illinois – Urbana Champaign and is a CPWA©, a certified private wealth adviser. Randal is a Veteran of the United States Army (1987-1989) where he served as an Infantryman in the 5th Infantry Division (Mechanized).

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Chad Eisenberg, CPA Chief Operating Officer

Chad is responsible for designing the operational and reporting frameworks currently in place. He began his career within the alternative investment space working for some of the largest issuers of commercial mortgage backed securities before focusing exclusively on alternative investment strategies within the public arena. His specialties include portfolio reporting, operational due-diligence on hedge funds and constructing multi-manager portfolios. Chad Eisenberg is a Certified Public Accountant who graduated from the University of Illinois – Urbana Champaign with an undergraduate and Master’s degree in Accountancy (Specialization Taxation).

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Scott Hergott Co-CIO, Director of Research

At Vivaldi, Scott is the quarterback behind the due-diligence process and assessing whether a new strategy is suitable for the firm’s Investment Platform. Scott joined Vivaldi from Citadel in New York where he worked as a Derivatives Analyst focused on Risk Management inside their Surveyor group, a multi-manager long/short equity platform that managed $13 Billion. Scott is a seasoned investment professional with 25-years of experience analyzing and managing Fund of Hedge Fund portfolios and trading equity options on the floor of the Chicago Board Options Exchange.

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Brian Murphy Portfolio Manager

Brian joined Vivaldi as a Senior Research Analyst on the investment team with a particular focus on Vivaldi’s alternatives portfolios. Brian is responsible for all aspects of the investment process, including investment sourcing, evaluation, and monitoring. He is also a member of the firm’s investment committee. Brian has over a decade of alternatives investment experience at both multi-manager and single strategy hedge funds, with a particularly deep background in long/short equity and derivatives trading strategies.

Prior to joining Vivaldi, Brian was a Director for Voyager Management, LLC, a fund of hedge funds firm. He received his B.S. in Finance from Miami University in Oxford, OH.

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Michelle M. Comella Chief Compliance Officer & General Counsel

Michelle is an attorney, compliance officer and risk manager with over 25 years’ experience working for diverse financial institutions including Charles Schwab & Co., Inc., Goldman Sachs & Co., and Ernst & Young Corporate Finance LLC and its successor entities.  Just prior to joining Vivaldi, Michelle was a partner at Ziliak Law, LLC, a boutique law firm at which she provided a wide range of legal services to financial industry participants.  At Vivaldi, Michelle is primarily responsible for ensuring the firm and its activities comply with all relevant rules and regulations, advising the management team on legal matters, and assisting with the firm’s due diligence processes.

Michelle received her B.A. in Humanistic Studies and Sociology from Saint Mary’s College in Notre Dame, Indiana, and her J.D. from Loyola University Chicago School of Law.  Through her years in the financial services industry, she has procured ten (10) FINRA licenses.  Michelle has also completed a training program in arbitration and mediation offered by the Illinois State Bar Association.

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Julie Kraff Treasurer

Julie Kraff serves as Treasurer to Vivaldi Capital Management and its affiliates.   In addition to her role as Treasurer, Julie has experience managing assets for family offices and helping individuals and couples navigate the economic aspects of divorce.  Julie holds a BS Degree in Management from Tulane University, an MBA with a concentration in Finance from the University of Chicago, and received her Certified Public Accountant License in 1985. Julie is also a Certified Divorce Financial Analyst (CDFA).  Her prior work experience includes Public accounting with Alexander Grant & Company (Now Grant Thornton), Vice President of Asset management with Balcor/American Express and numerous years of experience in all aspects of Real Estate as a consultant to home builders, developers, and investors.

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Monica Mehta Director of Key Accounts & Business Development

Monica is responsible for strategic relationships and business development efforts for Vivaldi Capital Management.  Monica joined Vivaldi from Morgan Stanley where she spent 15 years within the prime brokerage division in New York, London and Chicago focusing on business consulting and sales initiatives including leading the prime brokerage efforts in the Midwest.  Monica received her B.S in Management Information Systems from University of Illinois – Urbana, Champaign.

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Nicholas Lotysz, CFA, CPA Director of Operational Due Diligence

Nicholas Lotysz is the Director of Operational Due Diligence for Vivaldi.  He is responsible for operational due diligence reviews of managers and ongoing manager monitoring.  Prior to joining Vivaldi in 2018, Mr. Lotysz worked as a Vice President for Mesirow Advanced Strategies, Inc. where he spent nine years performing operational due diligence on alternative investment managers.

Prior to joining Mesirow Advanced Strategies, Inc. in 2009, Mr. Lotysz worked as the director of finance and operations at Lakeview Investment Group, LLC. Prior to joining Lakeview Investment Group, LLC, in 2007, he worked as an assistant vice president at Credit Suisse and as an auditor at Deloitte.  At Deloitte, Mr. Lotysz was part of the enterprise risk services practice and focused on financial services clients, primarily hedge funds. He received a B.S. in accounting and finance from the University of Illinois at Urbana-Champaign. In addition, Mr. Lotysz is a Certified Public Accountant (CPA) and a CFA charterholder.

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Richard L. Intrater Managing Director

Rick Intrater is a Partner & Managing Director of Vivaldi Capital Management and located in the Bay Area. He is involved in business develop and providing investment advisory services for VCM clients. He joined Vivaldi in 2017 when his company LTS Capital Advisors was purchased by VCM.
Previously, Rick has served as President, CEO, and other executive roles in several other Bay Area RIA’s, focusing on managing the financial affairs of high/ultra-high net worth families. He was also the Managing Principal of Mullin Consulting in San Francisco, providing executive compensation and benefit strategies for C-Level executives of Fortune 100 companies. He began his career as a financial analyst for the US Export-Import Bank and Senior VP for Lehman Brothers in their corporate finance and capital market divisions.  He has served as Founding Board Chair of the Bay Area KIPP Schools, Board Chair of Columbia Park Boys and Girls Clubs and National Trustee of the Boys and Girls Clubs. Rick and his wife Roberta live on Nob Hill in San Francisco.

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Ilya Zlotnik Wealth Adviser

Ilya is a Wealth Adviser at Vivaldi with a particular focus on clients in the TD Ameritrade Advisor Direct referral program. Prior to joining Vivaldi, Ilya worked as an Investment Consultant at TD Ameritrade where he advised high net worth families. He also spent a period of time as a Senior Associate in the Private Wealth Group at RMB Capital Management.  Ilya received a BS degree in Finance from the Kelley School of Business at Indiana University and his MBA with concentrations in Finance and Entrepreneurship from the Booth School of Business at the University of Chicago. He is a candidate for the Chartered Alternative Investment Analyst (CAIA) designation.

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Lilian Lo, CFP® Wealth Adviser

Lilian Lo is a Wealth Adviser in the San Francisco East Bay office. Lilian works with clients to develop and maintain a customized financial plan to realizer their financial goals and objectives. She was previously a VP, Senior Accounting Executive, serving high net worth clients at Fidelity Investment’s Private Client Group. She was responsible for overseeing relationships with $1.6 billion in assets under advisory. Lilian is a CERTIFIED FINANCIAL PLANNER®. In her spare time, Lilian loves to travel and explore new places with her husband Tony and two young sons, Bradley and Zachary. Lilian also believes in giving back to the community and actively participates in local non-profits benefitting children.

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Tedman Breiter Wealth Adviser

Ted is a Partner and Wealth Adviser focused on customizing investment portfolios for clients. Ted joined Vivaldi in 2015 and draws on over 30 years’ experience as a trader where he successfully identified and managed risk within a portfolio in all market environments. Since leaving trading, he has become a Certified Financial Planner® and works to fully understand his clients’ entire balance sheet as well as their financial needs and goals to provide appropriate financial guidance. Ted is actively involved Briarwood Country Club where he currently serves as President.

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Brandon Intrater Managing Director

Brandon Intrater is a Partner & Managing Director at Vivaldi Capital Management based out of the Mill Valley CA office.  He previously founded and served as co-head of LTS Capital Advisors, a multi-family and investment advisory firm which merged with Vivaldi Capital Management in 2017. Brandon has served on the board of two private equity backed companies and was a Member of the Investment Committee Kipp Bay Area charter schools. Brandon graduated from the Daniels College of Business and University of Denver, and has a Certificate of Financial Management from the Pepperdine Graziadio Business School.

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David Snyder Wealth Adviser

David is a Wealth Advisor at Vivaldi focusing on helping clients determine financial needs and goals. His experience as an independent Market Maker on the Chicago Board Options Exchange for 25+ years results in a deep understanding of risk management and how to achieve investment decisions in times of uncertainty and market disruptions. Keeping abreast of personal and financial life changes for clients and utilizing Vivaldi’s team approach, David aims to exceed expectations in all aspects of the client experience. While at the CBOE David served on the Equity Allocation Committee and Nominating Committee then latter as Chairman during periods of tremendous growth and challenges. When not working with clients David serves as Varsity Softball Coach at New Trier High School in Winnetka, IL and serves as a Director on The Margaret Baker Foundation Board.

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Andrew Lindblom, CFA Director of Wealth Management

Andrew Lindblom is a Research Strategist at Vivaldi Capital Management. He works with advisors and clients in determining appropriate asset allocations and understanding investment strategies. Andrew previously served as an analyst for a Private Wealth Management team at UBS and Morgan Stanley-Smith Barney, where he was focused on client allocations and managing discretionary strategies. Prior to that he served as a research analyst providing security selection across distressed debt and small-cap equities for two hedge funds. Andrew is a CFA® charterholder and is a member of the CFA Institute as well the CFA Society Chicago where he serves on both the Education Seminars and Annual Dinner advisory groups.  Andrew graduated from the University of Illinois at Urbana-Champaign with a Bachelor of Science in both Accountancy and Finance.

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Alissa Levy Director of Client Services

As the Director of Client Services for Vivaldi Capital Management, Alissa is actively involved with clients, investment managers and fund service providers. During her prior work experience, she has held positions in customer service, leadership of an election fundraising campaign, and as a legal assistant. Alissa joined Vivaldi Capital Management in 2012. Alissa received her BA in Political Science and a Certificate in Business from the University of Wisconsin – Madison. She graduated with multiple honors including distinction in the major.

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Andrew Sternberg, CFP® Analyst

Andrew is a leader on the operations team and responsible for the administration of Vivaldi’s business and database applications. Internally, Andrew oversees much of Vivaldi’s technology infrastructure and manages the processes and resources necessary for our client interfacing systems.  He also works closely with the Wealth Management team to prepare and deliver financial planning strategies to high net worth clients.  Andrew earned a Bachelor of Science Degree in Finance from the University of Illinois Urbana-Champaign. He is a CERTIFIED FINANCIAL PLANNER™ professional.  Andrew joined the Vivaldi team in May of 2013.

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Michael Grayson Analyst

Michael sits on Vivaldi’s investment research team and works on the underwriting, monitoring and assessment of the firm’s investment opportunities. Michael Grayson holds a B.A. from Colgate University where he studied Political Science and Economics. Michael was a member of the Men’s Division I Varsity Golf Team and was nominated to the Colgate University Athletic Leadership Academy. During his time, Michael helped coordinate the Sherburne-Earlville Adoption Program which sponsored a class of third grade students at the local elementary school. He was also active in Colgate’s Volunteer Income Tax Assistance program.

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Evan Stoff, CFA Research Analyst

Evan sits on Vivaldi’s investment research team and works on the underwriting, monitoring and assessment of the firm’s investment opportunities. After graduating Cum Laude with a B.A. in Finance and Banking from the University of Missouri in 2013, Evan spent two years as an M&A Valuation Consultant with CBIZ in St. Louis before moving to Chicago and joining Vivaldi in October 2015. While at CBIZ, he valued equity interests through a range of financial models and facilitated efforts as project leader. Evan previously interned at Clayton Capital Partners as an Investment Banking Analyst Intern. Evan is a CFA® charterholder.

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Jan Qin Client Service Associate
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Emily Intrater Client Service Associate
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Trevor Katzban Research Analyst

Trevor Katzban sits on Vivaldi’s investment research team and works on the underwriting, monitoring and assessment of the firm’s investment opportunities. Trevor graduated from the University of Wisconsin-Madison cum laude with degrees in Finance, Investment and Banking & Real-Estate and Urban Land Economics. Prior to joining Vivaldi, Trevor spent a year working at Stonetown Capital, a real-estate focused private equity firm in Denver, Colorado where he worked on underwriting the acquisitions of manufactured housing parks.

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Elizabeth Asher Analyst
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Yadira Guzman, CPA Controller
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Joshua Pilson, CAIA Portfolio Specialist

Josh is currently a Portfolio Strategist and a member of our Asset Allocation Committee. He helps with our technology integrations and assists our Advisors with the day-to-day management of their client’s needs. Prior to joining Vivaldi, Josh spent three years working for a Chicago-based alternative investments firm where he consulted with advisors and helped guide them through the complexities of non-traditional assets. Before moving to Chicago, he worked for a financial advisory firm in Austin, Texas assisting in portfolio management and investment research. Josh is a CAIA charterholder and a member of the CAIA Association. He graduated from Ohio University with a master’s degree in Financial Economics and an undergraduate degree in Finance. When he is not working, Josh likes to spend his time fishing with his family in Florida and exploring the Chicago culinary scene.