Riverbridge Partners LLC (Minneapolis)

Name: Riverbridge Partners LLC
Address: 1200 Ids Center, Minneapolis, MN, 55402
Telephone: 612-904-6200

Riverbridge Partners LLC is a large advisory firm based in Minneapolis. It manages $4.74 billion of regulatory assets for 3,362 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Riverbridge Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for approximately 701 clients. On top of advisory services, the firm doesn't engage in other business activities.

Riverbridge Partners: assets under management

The assets under management (AUM) of Riverbridge Partners LLC is $4.74 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1455% since the beginning of its operation, and $53.36 million of the total AUM is attributable to clients outside of the United States.

The firm manages $4.74 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.41 million each.

Riverbridge Partners has custody of $502.64 million in cash and securities for 333 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment and business development companies form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Riverbridge Partners LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Riverbridge Partners serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Riverbridge Partners is high net worth individuals with 3,072 clients and $2.27 billion of assets under management. Among the 10 most similar advisory firms, Riverbridge Partners has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $4.73 billion for 3,359 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Riverbridge Partners also advises several private funds.

Careers at Riverbridge Partners LLC

The company employs 37 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 18 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
Andrew William Turner	Principal/member, board of governors	1 Mar 2000	Other	2168580
Rick D Moulton	Principal/member, board of governors	1 Mar 2000	Other	1955728
Rick Donald Moulton	Principal/member, board of governors	1 Mar 2000	Other	1955728
John Whitney Peyton	Principal	1 Mar 2000	Other	362044
Robert Atwood Hensel	Principal	1 Mar 2000	Other	1240631
Ricky D Moulton	Principal	1 Mar 2000	Other	1955728
Mark A Thompson	Chief manager/principal/member, board of governors	1 Jan 2001	Other	1074640
Dana Lee Feick	Principal	1 Jan 2001	Other	1771023
Mark Albright Thompson	Chief manager/principal/member, board of governors	1 Jan 2001	Other	1074640
Philip William Dobrzynski	Principal	1 Jan 2001	Other	4379174
Ricky D Moulton	Chief compliance officer	1 Oct 2004	Other	1955728
Rick D Moulton	Chief compliance officer/principal	1 Oct 2004	Other	1955728
Timothy Laurence Wilkinson	Principal	1 Jan 2011	Other	2226283
Nancy Louise Archer	Chief compliance officer	1 Apr 2012	Other	1251342
Colin Michael Sharp	Director of operations	1 Apr 2012	Other	4647385
Northill Us Holdings Inc.	Owner	1 Dec 2012	50% - 75%	33-1225957
Jonathan Michael Little	Member, board of governors	1 Dec 2012	Other	4821117
Richard Dennis Potter	Member, board of governors	1 Dec 2012	Other	6148535
Darius John Berendji	Member, board of governors	1 Jan 2017	Other	6767730
Jocelyn Henkensiefken	Chief compliance officer	1 Oct 2018	Other	5206459

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Lm (Gp) Limited	General partner	1 Nov 2008	Other	foreign entity
Northill Capital (Jersey) Lp	Limited partner	1 Jan 2011	75% - 100%	foreign entity
Landmark Lp	Limited partner	1 Jan 2011	75% - 100%	foreign entity
Ernesto Silvio Maurizio Bertarelli	Limited partner	1 Jan 2011	50% - 75%	6148538
Donata Bertarelli	Limited partner	1 Jan 2011	25% - 50%	6148540
Donata Bertarelli Northill Discretionary Trust	Owner	1 May 2011	25% - 50%	foreign entity
Nct Limited	Trustee	1 May 2011	Other	foreign entity
Ernesto Bertarelli Northill Discretionary Trust	Owner	1 May 2011	50% - 75%	foreign entity
Northill Purpose Trust	Owner	1 May 2011	75% - 100%	foreign entity
Nc Pt Limited	Trustee	1 May 2011	Other	foreign entity
Northill Capital Holdings Limited	General partner	1 Jun 2012	Other	foreign entity
Northill Jersey Holdings Lp	Owner	1 Dec 2012	75% - 100%	foreign entity
Landmark Lp	Limited partner	1 Nov 2015	75% - 100%	foreign entity
Northill Invest Lp	Limited partner	1 Nov 2015	75% - 100%	foreign entity
Waypoint Gp Limited	General partner	1 Nov 2015	Other	foreign entity
Nh Asset Management Lp	Limited partner	1 Nov 2015	75% - 100%	foreign entity

Based in Minneapolis

The principal office where Riverbridge Partners LLC performs its advisory services is located at 1200 Ids Center, Minneapolis, MN 55402, 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 612-904-6200 or by fax 612-904-6250. 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 riverbridge.com.