Bay Rivers Group, Inc. is a large advisory firm based in Williamsburg. It manages $118.64 million of regulatory assets for 644 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Maryland, New Jersey, New York, and 3 other states.
Bay Rivers Group provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Bay Rivers Group, Inc. is $118.64 million. The firm's AUM has grown by 18% since the beginning of its operation, and $69.23 thousand of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Bay Rivers Group, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed 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.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Bay Rivers Group is high net worth individuals with 37 clients and $60.34 million of assets under management. Among the 9 most similar advisory firms, Bay Rivers Group has the 5th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $118.64 million for 264 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.
Bay Rivers Group doesn't advise any private funds.
The company employs 3 people that are either part- or full-time employees. 100 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.
The principal office where Bay Rivers Group, Inc. performs its advisory services is located at 5107 Center Street B1, Williamsburg, VA 23188 The mailing address of the firm is Po Box 6117, Williamsburg, VA 23188. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (757) 259-2450 or by fax (757) 259-2060. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at bayriversgroup.com and its LinkedIn profile.