Ridgewood Investments provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers. The firm advises 7 private funds.
Ridgewood Investments reports 295 clients. They include 114 individual clients, 62 pooled investment vehicles and 56 high-net-worth individuals. Of its assets, 84.8% ($355M across 550 accounts) are managed with discretion; $63.7M across 26 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 39% | 17% |
| High-net-worth individuals | 19% | 53% |
| Pooled investment vehicles | 21% | 8% |
| Pension and profit-sharing plans | 13% | 7% |
| Other | 9% | 15% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 114 | $71.7M | 17.1% | $629K |
| High-net-worth individuals | 56 | $222M | 53.1% | $3.97M |
| Pooled investment vehicles | 62 | $33.5M | 8.0% | $540K |
| Pension and profit-sharing plans | 37 | $29.2M | 7.0% | $788K |
| Other | 26 | $62.4M | 14.9% | $2.4M |
| Total | 295 | $419M | 100% | $1.42M |
- Clients
- 114
- Regulatory AUM
- $71.7M
- AUM share
- 17.1%
- Avg. per client
- $629K
- Clients
- 56
- Regulatory AUM
- $222M
- AUM share
- 53.1%
- Avg. per client
- $3.97M
- Clients
- 62
- Regulatory AUM
- $33.5M
- AUM share
- 8.0%
- Avg. per client
- $540K
- Clients
- 37
- Regulatory AUM
- $29.2M
- AUM share
- 7.0%
- Avg. per client
- $788K
- Clients
- 26
- Regulatory AUM
- $62.4M
- AUM share
- 14.9%
- Avg. per client
- $2.4M
Total
- Clients
- 295
- Regulatory AUM
- $419M
- AUM share
- 100%
- Avg. per client
- $1.42M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 7
- Financial planning clients last fiscal year
- 0
Ridgewood Investments is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and performance-based fees. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Consulting, financial planning and fixed-fee advisory
- Hourly rates range from $450 to $1,000 per hour; fixed fees are customized to the project scope and discussed in advance.
Kaushal Majmudar owns 75% or more of Ridgewood Investments. The leadership team of Ridgewood Investments includes President Kaushal Majmudar. It has 7 employees, 5 of them in advisory roles.
Leadership
Kaushal MajmudarPresident, Managing Member, Chief Investment Officer and Chief Compliance Officer- Ahalya Nava-MajmudarMember/VP
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 5 in advisory functions
- 5 state-registered reps
- 4 soliciting firms
- Owns 75% or more of Ridgewood Investments LLC
Kaushal Majmudar
Control person · since December 2002
- Owns 10% to 25% of Ridgewood Investments LLC
Ahalya Nava-Majmudar
since February 2006
Ridgewood Investments’ regulatory assets grew from $353M (March 2021) to $419M (April 2026); clients rose from 257 to 295 and employees from 6 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $419M | 295 | 7 | 4 |
| March 2025 | $347M | 268 | 5 | 4 |
| April 2024 | $326M | 289 | 6 | 3 |
| July 2023 | $302M | 177 | 6 | 2 |
| May 2022 | $341M | 185 | 6 | 2 |
| March 2021 | $353M | 257 | 6 | 2 |
Besides its headquarters, Ridgewood Investments has 3 offices, with 4 listed addresses in California, New Jersey and Pennsylvania.
California · 2 listed addresses
- 9595 Wilshire BLVD, Beverly Hills
- 205 Pier Ave, Hermosa Beach
New Jersey · 1 listed address
- 623 Morris Avenue, SpringfieldHQ
Pennsylvania · 1 listed address
- 6542 A Lower York RD, New Hope
Other business names
Ridgewood Investments has reported 1 other business name to the SEC.
- Dividend Growth Partners
Contact and registration details
- Legal name
- Ridgewood Investments LLC
- Headquarters
- 623 Morris Avenue, Springfield, NJ 07081
- Website
- ridgewoodinvestments.com
- Phone
- 973-544-6970
- SEC file
- 801-66378
- Structure
- New Jersey LLC
- Fiscal year end
- December
Ridgewood Investments uses Charles Schwab ($167M, 52%), Fidelity ($149M, 47%) and Interactive Brokers ($3.29M, 1%) as custodians for its separately managed accounts. Ridgewood Investments has custody of $34.7M in client assets for 62 clients.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $167M52%
- FidelityNational Financial Services LLC · Boston, MA · $149M47%
- Interactive BrokersInteractive Brokers LLC · Greenwich, CT · $3.29M1%
At year end, Ridgewood Investments’ separately managed accounts were mostly in stocks (71%) and funds (13%). Its reported 13F holdings for the quarter ended 30 June 2026 total $267M across 208 positions; the largest are Berkshire Hathaway Inc. Del (8.7%), Alphabet Inc. (3.4%) and iShares TR (2.2%).
What the accounts hold
- Stocks71%
- Funds13%
- Bonds2%
- Cash9%
- Other5%
- Foreign stocks, adr's5%
Reported 13F holdings
- $267M
- Reported 13F value
- 208
- Positions
- 25.8%
- In the 10 largest
- +9.3%
- Value vs. prior quarter
- Berkshire Hathaway Inc. Del · CL B New8.7%
- Alphabet Inc. · Cap Stk CL A3.4%
- iShares TR · 0-3 Mnth Treasry2.2%
- Vanguard Index Fds · S&P 500 ETF Shs1.8%
- Vanguard BD Index Fds · Short Trm Bond1.7%
- Alphabet Inc. · Cap Stk CL C1.6%
- SPDR Series Trust · State Street Spd1.6%
- Vanguard Index Fds · Mid Cap ETF1.6%
- Vanguard Intl Equity Index F · TT Wrld ST ETF1.5%
- iShares TR · Trust Ishare 0-11.5%
Together, the ten largest are 25.8% of reported value.
How many clients does Ridgewood Investments have?
Ridgewood Investments has 295 clients and manages $419 million for them, as of April 2026. They include 114 individual clients, 62 pooled investment vehicles and 56 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 3 April 2026
What services does Ridgewood Investments offer?
Ridgewood Investments provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Ridgewood Investments use?
Ridgewood Investments’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $167M, National Financial Services LLC (Boston, MA), with $149M and Interactive Brokers LLC (Greenwich, CT), with $3.29M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 3 April 2026
How many financial advisors does Ridgewood Investments have?
Ridgewood Investments has 5 investment adviser representatives registered with state securities authorities, out of 7 employees, and 5 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
What does Ridgewood Investments invest in?
At the end of its last fiscal year, Ridgewood Investments’ separately managed accounts held 71% exchange-traded equities, 13% pooled vehicles (private funds and similar), 9% cash and equivalents, 5% other and 2% U.S. government and agency bonds. The 5% other category is described as: Foreign Stocks, Adr'S. It advises 7 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ridgewood Investments?
Ridgewood Investments’ direct owners are Kaushal Majmudar (75% or more) and Ahalya Nava-Majmudar (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 3 April 2026
How does Ridgewood Investments get paid?
Ridgewood Investments is paid through a percentage of assets under management, hourly charges, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Ridgewood Investments?
Ridgewood Investments’ main office is at 623 Morris Avenue, Springfield, NJ 07081. Its phone number is 973-544-6970. Its website is ridgewoodinvestments.com.