Riverplace Capital Management Inc (Jacksonville)

Name: Riverplace Capital Management Inc
Address: 1301 Riverplace Blvd, Jacksonville, FL, 32207 9032
Telephone: 904-346-3460

Riverplace Capital Management Inc is a large advisory firm based in Jacksonville. It manages $132.71 million of regulatory assets for 259 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Florida.

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

Riverplace Capital Management: assets under management

The assets under management (AUM) of Riverplace Capital Management Inc is $132.71 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 16% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $132.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $512.39 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 76% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Riverplace Capital Management Inc 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 Peter Edward Bower serves?

The firm provides services to individuals, high net worth individuals, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Peter Edward Bower is high net worth individuals with 27 clients and $64.96 million of assets under management. Among the 8 most similar advisory firms, Riverplace Capital Management has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $132.71 million for 255 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.

Riverplace Capital Management doesn't advise any private funds.

Careers at Riverplace Capital Management Inc

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 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.

Peter Edward Bower has been acting as President since 1 Oct 1998. Terri Cason Kimball joined the executive team most recently as the Executive Vice President, Controller, Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Edward Bower	President/ceo	1 Oct 1998	75% - 100%	871625
Clarence Ronald Belton	V.p./compliance officer	1 Oct 1998	Other	837410
Charles Merville Thompson	V.p./cfo	1 Oct 1998	Other	2660775
Nicholas Regester Whitcraft	Vice president	1 Mar 2001	Other	1609685
Peter Edward Bower	President & ceo	1 Jan 2002	75% - 100%	871625
Patrick David Powers	Vice president & managing director	1 Oct 2002	Other	1583912
Christine Darlene Ashjian	Analyst & portfolio manager	1 Oct 2002	Other	2125084
Terri Cason Kimball	Executive vice president, controller, chief compliance officer	1 Aug 2006	Other	1564375

Based in Jacksonville

The principal office where Riverplace Capital Management Inc performs its advisory services is located at 1301 Riverplace Blvd, Jacksonville, FL 32207 9032, 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 904-346-3460 or by fax 904-346-3434. The normal business hours are 8:30-4:30 on Monday - Friday. You can find more information about the New York firm at riverplacecapital.com/.