Margate Asset Management was founded in September 2025 by Rick Taormina, Kit Wood, and Yuri Khalif to redefine standards in fixed income management. With decades of experience in the institutional Fixed Income market, the founders identified a clear gap in how portfolios are constructed, traded, and delivered to clients. Margate Asset was created to address these inefficiencies—realigning incentives, increasing transparency, and reshaping the industry’s pricing model to better serve investors. The result is a client-focused platform designed to deliver improved outcomes and a more consistent investment experience.
Grounded in experience, integrity, and transparency, Margate Asset provides institutional-quality Fixed Income portfolio management at fair and competitive pricing. The firm’s mission is straightforward: to prioritize client results over profits by combining disciplined investment management with thoughtful, high-touch service.
Drawing on more than a century of combined experience in Fixed Income asset management, the Margate Asset team brings deep market insight, strong credit research capabilities, and a disciplined approach to risk. The result is a modern Fixed Income asset management firm — independent, focused, and built to meet the evolving needs of today’s Registered Investment Advisors, Family Offices, and institutional investors.
Over their long tenures at JPMorgan, Wells Fargo, Flat Rock Global, Hilltop, Vanguard, TCW, and other leading institutions, the Margate founding team repeatedly transformed Fixed Income platforms from the inside—launching first-of-their-kind strategies, restructuring trading systems, and building some of the largest and highest-performing Fixed Income franchises in the U.S.
But across the industry, challenges persisted:
Misaligned incentives
Lack of transparency in pricing
Inconsistent execution quality
Limited access to institutional-grade tools
Benchmarks that fail to reflect client-specific needs
Margate Asset Management was created to solve these issues from the ground up.
We have designed a modern, independent Fixed Income asset management firm built around client outcomes—not product distribution or corporate mandates.
We leverage deep dealer relationships, advanced market intelligence, and decades of high-volume trading experience to secure better pricing, tighter spreads, and superior liquidity. Every trade is executed with the rigor of an institutional desk—because execution quality directly impacts client returns.
No two clients share the same tax profile or risk objectives. We design each portfolio around the client’s specific needs—structure, duration, credit preferences, and cash flow considerations—rather than relying on generic templates or benchmark replication.
Our process combines traditional credit analysis with sophisticated quantitative models refined over decades. These tools help optimize yield, identify inefficiencies, structure tax-efficient trades, and assess risk across multiple market scenarios.
Trust is built on transparency. We eliminate hidden layers of cost and align our incentives with client outcomes. Our pricing model is designed to be fair, competitive, and straightforward—ensuring clients keep more of their return.
We apply disciplined sector allocation, continuous credit surveillance, stress testing, and scenario analysis to safeguard portfolios. Our founders have navigated multiple market crises—including 2008, 2020, and major rate cycles—shaping a risk management culture built for resilience.
We believe in accessibility, communication, and partnership. Clients and advisors benefit from direct interaction with senior investment professionals, ongoing portfolio updates, and thoughtful guidance tailored to their long-term goals.
Our founders not only built and scaled large muni platforms, but they also innovated in trading, strategy design, and tax-aware investing. This gives Margate a unique blend of institutional muscle + entrepreneurial agility.
Co-Founder & Chief Executive Officer | Wilmington, DE
Co-Founder & President | Charlotte, NC
Co-Founder & Head of Capital Markets | New York, NY
Fixed Income investors deserve better.
Better execution.
Better transparency.
Better alignment with their goals.
Margate Asset Management exists to deliver that.
We combine institutional experience, innovative tools, and a client-first pricing model to set a new standard for fixed income management.
We partner with:
Registered Investment Advisors (RIAs)
Family Offices
High-Net-Worth and Ultra-High-Net-Worth Investors
Trusts, Foundations & Nonprofits
Insurance Platforms
Institutional Fixed Income Allocators
Our focus is singular: help advisors and institutions deliver improved after-tax outcomes—consistently, transparently, and efficiently.
Integrity: We operate honestly, ethically, and with full transparency.
Alignment: Our success is tightly linked to client outcomes.
Discipline: Our investment process is repeatable, rigorous, and risk-aware.
Partnership: We work closely with clients, advisors, and institutions to build long-term relationships.
