Wealth manager, independent · Minneapolis, MN
Riverbridge
Riverbridge Partners LLC · SEC-registered investment adviser · CRD 108074 · SEC 801-57432
At a glance
Riverbridge is an SEC-registered investment adviser based in Minneapolis, Minnesota, with $5.0B in regulatory assets under management as of its Form ADV filed March 13, 2026. It reports 3,482 individual clients, 3,482 of them high-net-worth, holding an average of about $0.9 million each, and 46 employees. That ranks it 221st among the nation’s 5,657 independent wealth management RIAs and 5th of 140 in Minnesota. It reports Charles Schwab as the custodian for its clients’ separately managed accounts.
Main office 612-904-6200riverbridge.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $5.0B
- Rank among independent wealth managers
- #221 of 5,657
- Rank among all SEC RIAs
- #2,097 of 17,210
- Rank in Minnesota
- #5 of 140
- Individual clients
- 3,482
- High-net-worth clients
- 3,482
- Accounts
- 3,656
- Discretionary
- 100% of AUM
- Employees
- 46
- Advisory staff
- 23
- Offices
- 1
Owners and executives on its Form ADV
- Mark A. ThompsonExecutive Chair, Board of Managers
- Andrea L. StarkChief Compliance Officer
- Rick D. MoultonPrincipal/managing Director of Equities, Board of Managers
- Emily K. SoltvedtChief Manager, Portfolio Manager, Equity Investments, Board of Managers
- Ross M JohnsonChief Investment Officer, Board of Managers
- Justin R. TennisonChief Operating Officer
- Andrew L. KingDirector of Relationship Management, Board of Managers
Custody and brokerage
Broker-dealer
Hybrid RIA
Riverbridge is a hybrid RIA: 8 of its employees are also registered representatives of a broker-dealer.
Form ADV Part 1 doesn’t name an unaffiliated broker-dealer. The firm’s Part 2A brochure (Item 10) and each adviser’s record on the SEC’s adviser search do.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 3,482 | $3.2B | 64% |
| State or municipal government entities | 4 | $404M | 8% |
| Pooled investment vehicles | 3 | $333M | 7% |
| Corporations or other businesses | 82 | $297M | 6% |
| Pension and profit sharing plans | 17 | $253M | 5% |
| Investment companies | 2 | $240M | 5% |
| Charitable organizations | 60 | $194M | 4% |
| Other | 3 | $47M | <1% |
| Insurance companies | 3 | $20M | <1% |
Disciplinary disclosures
Riverbridge reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗riverbridge.com ↗
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Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- 7 namedLocked
- Main office, fax and compliance officer
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Minnesota
All of Minnesota →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Fiduciary Counselling IncSt Paul | $10B | 1,645 |
| Thrivent Advisor Network, LLCMinneapolis | $6.8B | 14,611 |
| Focus FinancialMinneapolis | $6.8B | 13,560 |
| Accredited Investors Wealth ManagementEdina | $4.4B | 942 |
| Advisornet Wealth PartnersMinnetonka | $3.1B | 3,499 |
| Boulay WealthEden Prairie | $3.0B | 1,096 |
Background
Questions
How much does Riverbridge manage?
Riverbridge reports $5.0B in regulatory assets under management across 3,656 accounts, 100% of it on a discretionary basis, on its Form ADV filed March 13, 2026.
How many clients does Riverbridge have?
It reports 3,482 individual clients: 3,482 high-net-worth individuals and 0 other individuals. Individuals account for about 64% of its regulatory assets.
Where is Riverbridge headquartered?
Its main office is in Minneapolis, Minnesota. It reports 1 office in total and 46 employees, 23 of whom perform investment advisory functions.
How does Riverbridge charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; performance-based fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Riverbridge use?
It reports Charles Schwab as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed March 13, 2026, it reports these amounts held: Charles Schwab ($2.0B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Riverbridge a hybrid RIA with a broker-dealer?
Riverbridge is a hybrid RIA: 8 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Riverbridge a fiduciary?
As an SEC-registered investment adviser, Riverbridge owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 8 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Riverbridge’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-03-13), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →