Riverside Partners, LLC (New York)
Riverside Partners, LLC is a large advisory firm based in New York. It manages $8.76 billion of regulatory assets for 64 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Massachusetts, Ohio, and Texas.
Riverside Partners provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Riverside Partners: assets under management
The assets under management (AUM) of Riverside Partners, LLC is $8.76 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1311% since the beginning of its operation, and $895 million of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in other assets the most. They account for 100% of the total AUM.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Riverside Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Riverside Partners serves?
The firm provides services to insurance companies and pooled investment vehicles. The largest group of clients of Riverside Partners is pooled investment vehicles with 62 clients and $8.74 billion of assets under management. Among the 6 most similar advisory firms, Riverside Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $8.76 billion for 64 clients. 12% of the firm’s clients are foreign persons or businesses.
Riverside Partners also advises several private funds. Namely, sixty two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,718,950.
Careers at Riverside Partners, LLC
The company employs 210 people that are either part- or full-time employees. 46 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
Indirect Owners
The SEC currently registers 8 indirect owners.Based in New York
The principal office where Riverside Partners, LLC performs its advisory services is located at 45 Rockefeller Center, New York, NY 10111, which is also the mailing address of the firm. An additional office of the firm is in Cleveland, OH. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-265-6575 or by fax 212-265-6478. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at riversidepartners.com.
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