Riverview Capital Advisers LLC (Boston)

Name: Riverview Capital Advisers LLC
Address: 265 Franklin Street, Boston, MA, 02110
Telephone: 617-423-0080

Riverview Capital Advisers LLC is a large advisory firm based in Boston. It manages $203.48 million of regulatory assets for 400 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Florida and Massachusetts.

Riverview Capital Advisers provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Riverview Capital Advisers: assets under management

The assets under management (AUM) of Riverview Capital Advisers LLC is $203.48 million. The firm's AUM has grown by 517% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $165.92 million in discretionary accounts and $37.56 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $428.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.89 million.

Investments

The firm invests in investment and business development companies the most. They account for 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 18% of the firm’s portfolio. Investments in exchange traded securities form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Riverview Capital Advisers LLC 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.

What kind of clients Riverview Capital Advisers serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Riverview Capital Advisers is high net worth individuals with 77 clients and $150.1 million of assets under management. Among the 12 most similar advisory firms, Riverview Capital Advisers has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $203.48 million for 121 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 Capital Advisers doesn't advise any private funds.

Careers at Riverview Capital Advisers LLC

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 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

Name	Entity	Date acquired	Ownership	Employer ID
Alan Leonard Arcadipane	Managing member/ chief compliance officer	1 Mar 2006	75% - 100%	2322082

Based in Boston

The principal office where Riverview Capital Advisers LLC performs its advisory services is located at 265 Franklin Street, Boston, MA 02110, 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 617-423-0080 or by fax 617-423-0092. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at riverviewcapital.com.