{"url":"https://nivawealth.com/firms/mandalay-financial-113848","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/113848","regulatoryAum":171494579,"crd":"113848","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2620970","suffix":null,"lastName":"KUZNICKI","firstName":"MICHAEL","middleName":"CHARLES"},{"crd":"7630861","suffix":"Miss","lastName":"PONTI","firstName":"MARISA","middleName":null}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-03-31","regulatoryAum":170314422,"clients":160,"employees":3,"offices":1},{"filedOn":"2022-03-31","regulatoryAum":176355557,"clients":146,"employees":4,"offices":1},{"filedOn":"2023-03-31","regulatoryAum":175786146,"clients":146,"employees":4,"offices":1},{"filedOn":"2024-03-28","regulatoryAum":186814196,"clients":168,"employees":4,"offices":1},{"filedOn":"2025-03-28","regulatoryAum":185510000,"clients":121,"employees":3,"offices":1},{"filedOn":"2026-03-30","regulatoryAum":171494579,"clients":113,"employees":3,"offices":1}],"secFileNumber":"801-79515","legalName":"Mandalay Financial, L.L.C.","displayName":"Mandalay Financial","slug":"mandalay-financial-113848","website":"https://ridgebackcm.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/84522832/admin/","founded":null,"organization":"Texas limited liability company","fiscalYearEnd":"December","headquarters":{"street":"6750 West Loop South, Suite 1080","city":"Bellaire","state":"TX","stateName":"Texas","country":"United States","postalCode":"77401"},"tradeNames":[],"registration":{"secApproved":"25 April 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1517651.1415929203,"staff":{"employees":3,"advisory":2,"brokerDealerReps":0,"insuranceAgents":1,"promoters":0},"aum":{"regulatory":171494579,"discretionary":0,"discretionaryAccounts":0,"nonDiscretionary":171494579,"nonDiscretionaryAccounts":114,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":41,"regulatoryAum":7712016},{"label":"High-net-worth individuals","clients":72,"regulatoryAum":163782563}],"feePrograms":[{"role":"main","program":"Standard advisory fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032038","versionId":1032038,"ratePeriod":"not_stated","fee_billing":null,"submittedOn":"2026-03-30","documentName":"RIDGEBACK CAPITAL MANAGEMENT ADV 2A","fee_rate_low":1,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Plan Design","summary":"Design fee of $1,000 to $5,000, charged hourly or as a fixed fee; negotiable and may be waived.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032038","versionId":1032038,"submittedOn":"2026-03-30","documentName":"RIDGEBACK CAPITAL MANAGEMENT ADV 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:16:38.714818+00:00","documents":[{"name":"RIDGEBACK CAPITAL MANAGEMENT ADV 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032038","versionId":1032038,"submittedOn":"2026-03-30"}]},"custodians":[],"custodyNote":"Mandalay Financial does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Michael Kuznicki","title":"President & Chief Compliance Officer","crd":"2620970"}],"ownership":[{"label":"Michael Kuznicki","detail":"President & chief compliance officer in the 75% or more ownership band and a control person, since January 1999."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Texas","offices":1,"addresses":[{"street":"6750 West Loop South, Suite 1080","city":"Bellaire","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"713-667-4026","stateRegisteredReps":2,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":25},{"label":"U.S. state and local bonds","percent":12},{"label":"Securities issued by registered investment companies or business development companies","percent":57},{"label":"Cash and cash equivalents","percent":6}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/113848/PDF/113848.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1032038","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Mandalay Financial have?","answer":"Mandalay Financial has 113 clients and manages $171 million for them, as of March 2026. They include 72 high-net-worth individuals and 41 individual clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Mandalay Financial offer?","answer":"Mandalay Financial provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Mandalay Financial charge?","answer":"Mandalay Financial charges 1.00% for its Standard advisory fee. The brochure does not state whether the rate is annual. The fee is negotiable.","source":"RIDGEBACK CAPITAL MANAGEMENT ADV 2A, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"How many financial advisors does Mandalay Financial have?","answer":"Mandalay Financial has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Mandalay Financial invest in?","answer":"At the end of its last fiscal year, Mandalay Financial’s separately managed accounts held 57% registered funds (mutual funds, ETFs, BDCs), 25% exchange-traded equities, 12% state and local bonds and 6% cash and equivalents.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Mandalay Financial?","answer":"Mandalay Financial’s direct owner is Michael Kuznicki (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Mandalay Financial get paid?","answer":"Mandalay Financial is paid through a percentage of assets under management and hourly charges. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Mandalay Financial?","answer":"Mandalay Financial’s main office is at 6750 West Loop South, Suite 1080, Bellaire, TX 77401. Its phone number is 713-667-4026. Its website is ridgebackcm.com.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}