Riverbend Capital Advisors, LLC (Chicago)

Name: Riverbend Capital Advisors, LLC
Address: 191 N. Wacker Drive, Chicago, IL, 60606
Telephone: 312-948-5100

Riverbend Capital Advisors, LLC is a large advisory firm based in Chicago. It manages $324.57 million of regulatory assets for 176 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Illinois.

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

Riverbend Capital Advisors: assets under management

The assets under management (AUM) of Riverbend Capital Advisors, LLC is $324.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 303% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $324.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.84 million each.

Investments

The firm invests in state and local bonds the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Riverbend Capital Advisors, LLC for their services and products based on a percentage of assets under management. 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 Riverbend Capital Advisors serves?

The only and largest group of clients of Riverbend Capital Advisors is high net worth individuals with 175 clients and $324.57 million of assets under management. Among the 8 most similar advisory firms, Riverbend Capital Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $324.57 million for 175 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.

Riverbend Capital Advisors doesn't advise any private funds.

Careers at Riverbend Capital Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 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
Thomas Robert Hession	Manager / chief compliance officer	1 Mar 2011	50% - 75%	2518824
Llc Job Investments	Member	1 Mar 2011	50% - 75%	26-2311079

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John W. O'brien Gift Trust I	Trust	1 Mar 2011	75% - 100%	32-4449397
John William O'brien	Trustee	1 Mar 2011	Other	5264248

Based in Chicago

The principal office where Riverbend Capital Advisors, LLC performs its advisory services is located at 191 N. Wacker Drive, Chicago, IL 60606, 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 312-948-5100 or by fax 312 827-9595. 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 riverbendcaptialadvisors.com.