Riverbridge Partners LLC is a large advisory firm based in Minneapolis. It manages $4.74 billion of regulatory assets for 3,362 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.
Riverbridge Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 701 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Riverbridge Partners LLC is $4.74 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1455% since the beginning of its operation, and $53.36 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Riverbridge Partners LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Riverbridge Partners is high net worth individuals with 3,072 clients and $2.27 billion of assets under management. Among the 10 most similar advisory firms, Riverbridge Partners has the 2nd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $4.73 billion for 3,359 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.
Riverbridge Partners also advises several private funds.
The company employs 37 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 18 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.
The principal office where Riverbridge Partners LLC performs its advisory services is located at 1200 Ids Center, Minneapolis, MN 55402, 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 612-904-6200 or by fax 612-904-6250. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at riverbridge.com.