Ridgewood Investments LLC is a large advisory firm based in Springfield. It manages $296.67 million of regulatory assets for 573 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Connecticut, Maryland, and 4 other states.
Ridgewood Investments 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 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Ridgewood Investments LLC is $296.67 million. The firm's AUM has grown by 950% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Ridgewood Investments LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based 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.
The firm provides services to individuals, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Ridgewood Investments is high net worth individuals with 90 clients and $220.86 million of assets under management. Among the 9 most similar advisory firms, Ridgewood Investments has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $296.67 million for 190 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.
Ridgewood Investments also advises several private funds. Namely, two hedge funds, two real estate funds, and one other private fund. The minimum investment commitment required of non-related persons ranges from $100,000 to $500,000.
The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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 Ridgewood Investments LLC performs its advisory services is located at 623 Morris Avenue, Springfield, NJ 07081, which is also the mailing address of the firm. An additional office of the firm is in Palos Verdes, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 973-544-6970 or by fax 973-544-4026. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at ridgewoodgrp.com.