Riverpoint Wealth Management Holdings, LLC (Chicago)

Name: Riverpoint Wealth Management Holdings, LLC
Address: 200 South Wacker Drive, Chicago, IL, 60606
Telephone: 312-239-1330

Riverpoint Wealth Management Holdings, LLC is a large advisory firm based in Chicago. It manages $425.47 million of regulatory assets for 908 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Colorado, Florida, and 6 other states.

Riverpoint Wealth Management Holdings provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Riverpoint Wealth Management Holdings: assets under management

The assets under management (AUM) of Riverpoint Wealth Management Holdings, LLC is $425.47 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 58% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $425.47 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $468.58 thousand each.

Riverpoint Wealth Management Holdings has custody of $229.76 million in cash and securities for 215 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 46% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 45% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Riverpoint Wealth Management Holdings, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Riverpoint Wealth Management Holdings serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Riverpoint Wealth Management Holdings is high net worth individuals with 137 clients and $379.19 million of assets under management. Among the 7 most similar advisory firms, Riverpoint Wealth Management Holdings has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $425.47 million for 248 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.

Riverpoint Wealth Management Holdings doesn't advise any private funds.

Careers at Riverpoint Wealth Management Holdings, LLC

The company employs 5 people that are either part- or full-time employees. 60 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Riverpoint Wealth Management	Managing member	1 Jul 2007	50% - 75%	26-0421048
Timothy Patrick Mcgrath	Managing member and chief compliance officer	1 Jul 2013	Other	1950510
Joseph Blane Shea	Managing member	1 Jul 2013	Other	2726131
Shea Financial Group	Managing member	1 Jul 2013	25% - 50%	90-0136480

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph Blane Shea	Sole member	1 Jan 2004	75% - 100%	2726131
Timothy Patrick Mcgrath	Sole member	1 Jul 2007	75% - 100%	1950510

Based in Chicago

The principal office where Riverpoint Wealth Management Holdings, LLC performs its advisory services is located at 200 South 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 312-239-1330 or by fax 312-239-1333. The normal business hours are 8:00-4:00 on Monday - Friday. You can find more information about the New York firm at riverpointwealth.com/.