RiversEdge Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, and philanthropic planning. Financial planning was provided to 101–250 clients last fiscal year.
RiversEdge Advisors reports 454 clients. They include 215 individual clients, 167 high-net-worth individuals, and 63 pension and profit-sharing plans. Of its assets, 99.6% ($924M across 1,510 accounts) are managed with discretion; $3.96M across 5 accounts are not. It advised 10 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 47% | 10% |
| High-net-worth individuals | 37% | 79% |
| Pension and profit-sharing plans | 14% | 10% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 215 | $95.1M | 10.2% | $443K |
| High-net-worth individuals | 167 | $732M | 78.8% | $4.38M |
| Pension and profit-sharing plans | 63 | $96.3M | 10.4% | $1.53M |
| Corporations and other businesses | 9 | $5.33M | 0.6% | $593K |
| Total | 454 | $928M | 100% | $2.04M |
- Clients
- 215
- Regulatory AUM
- $95.1M
- AUM share
- 10.2%
- Avg. per client
- $443K
- Clients
- 167
- Regulatory AUM
- $732M
- AUM share
- 78.8%
- Avg. per client
- $4.38M
- Clients
- 63
- Regulatory AUM
- $96.3M
- AUM share
- 10.4%
- Avg. per client
- $1.53M
- Clients
- 9
- Regulatory AUM
- $5.33M
- AUM share
- 0.6%
- Avg. per client
- $593K
Total
- Clients
- 454
- Regulatory AUM
- $928M
- AUM share
- 100%
- Avg. per client
- $2.04M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 10
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 101–250
RiversEdge Advisors charges up to 1.50% a year for its Investment Management Services. The fee is billed in arrears and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning and consulting fees are a fixed fee or an asset-based percentage: asset-based fees can range up to 0.25%, fixed fees up to $20,000, and all are negotiable.
- Retirement Plan Advisory Services
- Retirement plan advisory fees, under 3(21) or 3(38) agreements, are a fixed or asset-based fee of up to 1.50% per annum.
Brian Carney owns 25% to 50% of RiversEdge Advisors. Timothy Mihok is CEO. It has 19 employees, 9 of them in advisory roles.
Staff
- 19 employees
- 9 in advisory functions
- 11 state-registered reps
- 2 insurance agents
- Owns 25% to 50% of Riversedge Advisors, LLC
Brian Carney
Control person · since August 2018
- Owns 25% to 50% of Riversedge Advisors, LLC
Jarrett Morris
Control person · since August 2018
- Owns 10% to 25% of Riversedge Advisors, LLC
Timothy Mihok
Control person · since June 2022
RiversEdge Advisors’ regulatory assets grew 3.3× from $282M (March 2021) to $928M (July 2026); clients rose from 296 to 454 and employees from 9 to 19.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Jul 2026July 2026 | $928M | 454 | 19 | 2 |
| Jul 2025July 2025 | $708M | 427 | 16 | 2 |
| Jul 2024July 2024 | $594M | 421 | 16 | 2 |
| Aug 2023August 2023 | $453M | 376 | 16 | 1 |
| May 2022May 2022 | $424M | 329 | 14 | 1 |
| Mar 2021March 2021 | $282M | 296 | 9 | 1 |
Besides its headquarters, RiversEdge Advisors has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
Delaware · 1 listed address
- 600 N King St, Suite 200, WilmingtonHQ
Contact and registration details
- Legal name
- Riversedge Advisors, LLC
- Headquarters
- 600 N King St, Suite 200, Wilmington, DE 19801
- Website
- riversedgeadvisors.com
- Phone
- 302-573-6864
- @riversedgeadvisors
- SEC file
- 801-113978
- Founded
- 2018
- Structure
- Delaware LLC
- Fiscal year end
- December
RiversEdge Advisors’ named custodian for separately managed accounts is Charles Schwab ($715M). RiversEdge Advisors has custody of $196M for 189 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $715M100%
At year end, RiversEdge Advisors’ separately managed accounts were mostly in funds (72%) and stocks (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $759M across 316 positions; the largest are Vanguard Index Fds (11.4%), iShares TR (7.8%) and Vanguard Index Fds (6.7%).
What the accounts hold
- Stocks19%
- Funds72%
- Bonds3%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash4%
- Other2%
- Derivatives, us govt bonds and pooled investments that amount to less than 1% each.2%
How many clients does RiversEdge Advisors have?
RiversEdge Advisors has 454 clients and manages $928 million for them, as of July 2026. They include 215 individual clients, 167 high-net-worth individuals, and 63 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 July 2026
What services does RiversEdge Advisors offer?
RiversEdge Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, and philanthropic planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does RiversEdge Advisors charge?
RiversEdge Advisors charges up to 1.50% a year for its Investment Management Services. The fee is billed in arrears and is negotiable.
Source: RIVERSEDGE DISCLOSURE BROCHURE AND BROCHURE SUPPLEMENTS, filed 8 July 2026
Which custodians does RiversEdge Advisors use?
RiversEdge Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $715M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 July 2026
How many financial advisors does RiversEdge Advisors have?
RiversEdge Advisors has 11 investment adviser representatives registered with state securities authorities, out of 19 employees, and 9 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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 RiversEdge Advisors invest in?
At the end of its last fiscal year, RiversEdge Advisors’ separately managed accounts held 72% registered funds (mutual funds, ETFs, BDCs), 19% exchange-traded equities, 4% cash and equivalents, 2% state and local bonds, 2% other and 1% investment grade corporate bonds. The 2% other category is described as: Derivatives, US Govt Bonds and Pooled Investments That Amount to Less Than 1% Each.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns RiversEdge Advisors?
RiversEdge Advisors’ direct owners are Brian Carney, Jarrett Morris and Timothy Mihok, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 16 July 2026
How does RiversEdge Advisors get paid?
RiversEdge Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. 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
How do I contact RiversEdge Advisors?
RiversEdge Advisors’ main office is at 600 N King St, Suite 200, Wilmington, DE 19801. Its phone number is 302-573-6864. Its website is riversedgeadvisors.com.
