{"url":"https://nivawealth.com/firms/five-mile-river-investment-management-125964","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/125964","regulatoryAum":108692772,"crd":"125964","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4627740","suffix":null,"lastName":"GARCIA","firstName":"LEE","middleName":"CRAWFORD"},{"crd":"6183879","suffix":null,"lastName":"ROBBINS","firstName":"MARY","middleName":"SPALDING"},{"crd":"400715","suffix":null,"lastName":"ROBBINS","firstName":"THAYER","middleName":"BROWN"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"secFileNumber":"801-136575","legalName":"Five Mile River Investment Management, LLC","displayName":"Five Mile River Investment Management","slug":"five-mile-river-investment-management-125964","website":"https://fivemileriver.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/125964/739eb74991225012-r1.webp","tone":"light","width":673,"height":200,"sourceUrl":"http://fivemileriver.com","sourceLabel":"Five Mile River Investment Management, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"25 June 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":974371.9351851852,"staff":{"employees":4,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":108692772,"discretionary":108692772,"discretionaryAccounts":110,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"High-net-worth individuals","clients":108,"regulatoryAum":105232169},{"label":"Pension and profit-sharing plans","clients":1,"fewerThan5":true,"regulatoryAum":1106725},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":2353878}],"feePrograms":[{"role":"main","program":"Advisory Services","feeBasis":"marginal","fee_tiers":[{"to":5000000,"pct":1,"from":0},{"to":10000000,"pct":0.75,"from":5000000},{"to":null,"pct":0.5,"from":10000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1046692","versionId":1046692,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-05-29","documentName":"FIVE MILE RIVER INVESTMENT MANAGEMENT LLC","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":500000,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:50:01.033728+00:00","documents":[{"name":"FIVE MILE RIVER INVESTMENT MANAGEMENT LLC","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1046692","versionId":1046692,"submittedOn":"2026-05-29"}]},"custodians":[{"name":"RBC Capital Markets, LLC","shortName":"RBC Capital Markets","location":"Minneapolis, MN","smaAssets":108692772}],"custodyNote":"Five Mile River Investment Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Martha Robbins","title":"President","crd":"4627736"},{"name":"Thayer Robbins","title":"Managing Director Chief Compliance Officer","crd":"400715"},{"name":"Lee Garcia","title":"Managing Director","crd":"4627740"},{"name":"Mary Robbins","title":"Managing Director","crd":"6183879"}],"ownership":[{"label":"Lee Garcia","detail":"Managing director in the 50% to 75% ownership band and a control person, since January 2003."},{"label":"Martha Robbins","detail":"President in the 10% to 25% ownership band, since January 2003."},{"label":"Thayer Robbins","detail":"Managing director chief compliance officer in the 25% to 50% ownership band and a control person, since January 2003."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":2},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"203-388-4848","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":5},{"label":"Non-exchange-traded equity securities","percent":85},{"label":"Cash and cash equivalents","percent":10}],"privateFunds":0},"sources":{"adv1FilingDate":"29 June 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/125964/PDF/125964.pdf","brochureDate":"29 May 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1046692","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Five Mile River Investment Management have?","answer":"Five Mile River Investment Management has 110 clients and manages $109 million for them, as of June 2026. They include 108 high-net-worth individuals, 1 pension or profit-sharing plan and 1 charitable organization.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 29 June 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Five Mile River Investment Management offer?","answer":"Five Mile River Investment Management provides portfolio management for individuals and small businesses.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Five Mile River Investment Management charge?","answer":"Five Mile River Investment Management charges 0.50%–1.00% a year for its Advisory Services. Each asset band is charged at its own rate. The fee is billed in arrears, is negotiable and requires an account of at least $500,000.","source":"FIVE MILE RIVER INVESTMENT MANAGEMENT LLC, filed 29 May 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Five Mile River Investment Management use?","answer":"Five Mile River Investment Management’s separately managed account assets are held at RBC Capital Markets, LLC (Minneapolis, MN), with $109M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 29 June 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Five Mile River Investment Management have?","answer":"Five Mile River Investment Management has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Five Mile River Investment Management invest in?","answer":"At the end of its last fiscal year, Five Mile River Investment Management’s separately managed accounts held 85% non-exchange-traded equities, 10% cash and equivalents and 5% exchange-traded equities.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Five Mile River Investment Management have a minimum investment?","answer":"Yes, Five Mile River Investment Management’s minimum account size for its Advisory Services is $500K.","source":"FIVE MILE RIVER INVESTMENT MANAGEMENT LLC, filed 29 May 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Five Mile River Investment Management?","answer":"Five Mile River Investment Management’s direct owners are Lee Garcia (50% to 75%), Martha Robbins (10% to 25%) and Thayer Robbins (25% to 50%).","source":"Form ADV Part 1A, Schedules A and B, filed 29 June 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Five Mile River Investment Management get paid?","answer":"Five Mile River Investment Management is paid through a percentage of assets under management. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Five Mile River Investment Management?","answer":"Its phone number is 203-388-4848. Its website is fivemileriver.com.","source":"Form ADV Part 1A, Item 1.F, filed 29 June 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}