Rivera, Richard Thomas (Dallas)

Rivera, Richard Thomas is a large advisory firm based in Dallas. It manages $114.47 million of regulatory assets for 252 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Texas.

Rivera, Richard Thomas provides financial planning services, portfolio management for individuals and small businesses, and 12b-1. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Rivera, Richard Thomas: assets under management

The assets under management (AUM) of Rivera, Richard Thomas is $114.47 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $114.47 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $454.25 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 63% of the total AUM. The second-largest asset type is exchange traded securities, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rivera, Richard Thomas for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rivera, Richard Thomas serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Rivera, Richard Thomas is high net worth individuals with 58 clients and $107.27 million of assets under management. Among the 8 most similar advisory firms, Rivera, Richard Thomas has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $114.47 million for 72 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Rivera, Richard Thomas doesn't advise any private funds.

Careers at Rivera, Richard Thomas

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Thomas Rivera	Sole proprietor and cco	1 Oct 1986	75% - 100%	1397820

Based in Dallas

The principal office where Rivera, Richard Thomas performs its advisory services is located at 17734 Preston Road, Dallas, TX 75252, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 972-380-9550 or by fax 972-380-0999. The normal business hours are by appointment only on Monday - Friday.