Colonial River Investments, LLC (Midlothian)

Name: Colonial River Investments, LLC
Address: 13872 Coalfield Commons Place, Midlothian, VA, 23114
Telephone: (804) 335-1200

Colonial River Investments, LLC is a large advisory firm based in Midlothian. It manages $136.31 million of regulatory assets for 845 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of District of Columbia, Florida, Maryland, and 5 other states.

Colonial River Investments provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Colonial River Investments: assets under management

The assets under management (AUM) of Colonial River Investments, LLC is $136.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 296% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $136.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $161.31 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 49% of the total AUM. The second-largest asset type is investment and business development companies, which make up 28% of the firm’s portfolio. Investments in derivatives form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Colonial River Investments, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Colonial River Investments serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Colonial River Investments is individuals with 562 clients and $94.59 million of assets under management. Among the 11 most similar advisory firms, Colonial River Investments has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $136.31 million for 625 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.

Colonial River Investments doesn't advise any private funds.

Careers at Colonial River Investments, LLC

The company employs 27 people that are either part- or full-time employees. 67 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
Devin J Garofalo	Member, president and chief compliance officer	1 Oct 2016	75% - 100%	4853435

Based in Midlothian

The principal office where Colonial River Investments, LLC performs its advisory services is located at 13872 Coalfield Commons Place, Midlothian, VA 23114, which is also the mailing address of the firm. An additional office of the firm is in Newport News, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (804) 335-1200 or by fax (804) 381-4569. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at colonialriver.com/ and its LinkedIn profile.