River Associates Investments (Tn), LLC (Chattanooga)
River Associates Investments (Tn), LLC is a large advisory firm based in Chattanooga. It manages $394.38 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Tennessee.
River Associates Investments (Tn) provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
River Associates Investments (Tn): assets under management
The assets under management (AUM) of River Associates Investments (Tn), LLC is $394.38 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -19% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay River Associates Investments (Tn), LLC 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 River Associates Investments (Tn) serves?
The only and largest group of clients of River Associates Investments (Tn) is pooled investment vehicles with 8 clients and $394.38 million of assets under management. Among the 6 most similar advisory firms, River Associates Investments (Tn) has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $394.38 million for 8 clients. None of the firm’s clients are foreign persons or businesses.
River Associates Investments (Tn) also advises several private funds. Namely, eight private equity funds. The minimum investment commitment required of non-related persons ranges from $3,000,000 to $5,000,000.
Careers at River Associates Investments (Tn), LLC
The company employs 16 people that are either part- or full-time employees. 63 percent of the employees work as investment advisers or researchers. No 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.
River Associates Investments (Tn), LLC is owned by William Craig Baker. Blake Tyler Lewis joined the executive team most recently as the Vice President.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 4 indirect owners.Based in Chattanooga
The principal office where River Associates Investments (Tn), LLC performs its advisory services is located at 633 Chestnut Street, Chattanooga, TN 37450, 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 423-755-0888 or by fax 423-755-0870. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at riverassociates.com/.
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