Lilliano Capital Management LLC

Lilliano Capital Management LLC serves as a sub-advisor to primary advisors, providing discretionary portfolio management for separately managed accounts rather than maintaining direct relationships with end clients. The firm is small and newly established, operating with a single advisory professional and reporting no assets under management as of its initial ADV filing.

Lilliano manages nine distinct strategies grouped into three activity tiers (active, blended, and passive) and runs an alternatives sleeve called Lingo. Its process is systematic and technology-driven: the manager scans the options market daily and typically implements tactical, highly liquid positions made up of simultaneous long calls and puts to seek low correlation with equity markets while applying strict maximum-loss criteria and avoiding unsecured short positions and leverage as disclosed.

Noteworthy features compared with peers include the firm’s exclusive sub‑advisor role—its personnel generally do not meet end clients—and a joint ownership and fee‑sharing arrangement for the Lingo strategy with another advisory firm while retaining full investment discretion. Lilliano also does not custody client assets and states it will tailor investments only as directed by the primary advisor, which can limit client-imposed restrictions on assets managed by the firm.