Riverglades Family Offices, LLC (Naples)

Name: Riverglades Family Offices, LLC
Address: 2640 Golden Gate Pkwy, Naples, FL, 34105
Telephone: (239) 263-4079

Riverglades Family Offices, LLC is a large advisory firm based in Naples. It manages $190.8 million of regulatory assets for 158 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Florida and Tennessee.

Riverglades Family Offices provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Riverglades Family Offices: assets under management

The assets under management (AUM) of Riverglades Family Offices, LLC is $190.8 million. The firm's AUM has grown by 84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $169.4 million in discretionary accounts and $21.4 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.4 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $578.38 thousand.

Investments

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

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Riverglades Family Offices, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Riverglades Family Offices serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Riverglades Family Offices is high net worth individuals with 23 clients and $155.2 million of assets under management. Among the 9 most similar advisory firms, Riverglades Family Offices has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $190.8 million for 59 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.

Riverglades Family Offices doesn't advise any private funds.

Careers at Riverglades Family Offices, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Paul J. Marinelli	Chief compliance officer	1 May 2014	75% - 100%	4670011
Llc Riverglades Holdings	Owner/managing member	1 May 2014	75% - 100%	46-5606879

Based in Naples

The principal office where Riverglades Family Offices, LLC performs its advisory services is located at 2640 Golden Gate Pkwy, Naples, FL 34105, 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 (239) 263-4079 or by fax (239) 263-4079. The normal business hours are 8:00 am - 5 pm on Monday - Friday. You can find more information about the New York firm at rivergladesfo.com.