Riversedge Advisors, LLC (Wilmington)

Name: Riversedge Advisors, LLC
Address: 1 Avenue Of The Arts, Wilmington, DE, 19801
Telephone: (302) 560-3350

Riversedge Advisors, LLC is a large advisory firm based in Wilmington. It manages $210 million of regulatory assets for 650 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Delaware.

Riversedge Advisors provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Riversedge Advisors: assets under management

The assets under management (AUM) of Riversedge Advisors, LLC is $210 million. $700 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $145 million in discretionary accounts and $65 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $263.64 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $650 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 75% of the total AUM. The second-largest asset type is investment and business development companies, which make up 10% of the firm’s portfolio. Investments in non-exchange traded securities form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Riversedge Advisors, LLC 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 Riversedge Advisors serves?

The firm provides services to individuals, insurance companies, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Riversedge Advisors is high net worth individuals with 40 clients and $80 million of assets under management. Among the 7 most similar advisory firms, Riversedge Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $210 million for 252 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Riversedge Advisors doesn't advise any private funds.

Careers at Riversedge Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. 3 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
Brian Jason Carney	Managing member and partner	1 Aug 2018	50% - 75%	4447761
Jarrett Franklin Morris	Managing member, partner and chief compliance officer	1 Aug 2018	50% - 75%	5146654

Based in Wilmington

The principal office where Riversedge Advisors, LLC performs its advisory services is located at 1 Avenue Of The Arts, Wilmington, DE 19801, 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 (302) 560-3350 or by fax (302) 261-0220. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at bluerockfg.com.