Riverview Research, LLC (Independence)

Name: Riverview Research, LLC
Address: 7100 E. Pleasant Valley Rd., Independence, OH, 44131
Telephone: (216) 573-0420

Riverview Research, LLC is a large advisory firm based in Independence. It manages $543.65 million of regulatory assets for 136 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Ohio and Texas.

Riverview Research provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and outsourced cio services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Riverview Research: assets under management

The assets under management (AUM) of Riverview Research, LLC is $543.65 million. The firm's AUM has grown by 333% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $176.64 million in discretionary accounts and $367.02 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.03 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $7.49 million.

Riverview Research has custody of $2 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

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 cash and cash equivalents, which make up 10% of the firm’s portfolio. Investments in state and local bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Riverview Research, 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 Riverview Research serves?

The firm provides services to high net worth individuals and pension and profit sharing plans. The largest group of clients of Riverview Research is high net worth individuals with 7 clients and $190.12 million of assets under management. Among the 12 most similar advisory firms, Riverview Research has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $300.12 million for 14 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.

Riverview Research doesn't advise any private funds.

Careers at Riverview Research, LLC

The company employs 3 people that are either part- or full-time employees. 67 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
Stephen Andrew Yarmesch	President, managing member and chief compliance officer	1 Apr 2009	75% - 100%	3071972

Based in Independence

The principal office where Riverview Research, LLC performs its advisory services is located at 7100 E. Pleasant Valley Rd., Independence, OH 44131, 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 (216) 573-0420 or by fax (216) 573-0421. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at riverviewresearch.com.