Firm Info
Firm Size
Services Offered
- Financial Planning
- Portfolio Management for Individuals & Small Businesses
- Selection of Others Advisors
Types of Clients
- Individuals (Not High Net Worth)
-
Individuals High Net Worth
*>=750k in Investable Assets or >=1.5m of Estimated Total Net Worth
- Pension & Profit Sharing Plans
- Charitable Organizations
- Corporations or Other Businesses Not Listed Above
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Hourly
- Fixed Fees (Other than subscription)
River Capital Advisors, Lc Overview
RIVER CAPITAL ADVISORS, LC is a fee-based registered investment advisory firm based in Jacksonville, Florida. The firm has been providing investment advice since 2005, specializing in financial planning and portfolio management for both individuals and small businesses. At River Capital Advisors, clients can expect unbiased advice that is tailored to meet their unique investment needs and goals. The firm prides itself on being an investment advice only firm, which means that they do not sell any products or receive commissions on any investments. This ensures that clients receive advice that is unbiased, with no conflicts of interest. Instead, they offer fee-based services, which means that clients pay a flat fee for the services they receive. At River Capital Advisors, the focus is on helping clients to achieve their long-term financial objectives. This includes selecting other advisors who are experts in their respective fields, such as attorneys and accountants, to help clients with their specific financial needs. With a commitment to transparency, integrity, and accountability, River Capital Advisors is a trusted partner for anyone seeking professional investment advice.
RIVER CAPITAL ADVISORS, LC serves a broad range of clients, including individuals, high net worth individuals, pension or profit sharing plans, charitable organizations, and other types of corporations not listed. These clients come to the firm seeking professional advisory services to help them navigate the complexities of the financial markets and achieve their long-term financial goals. The team at RIVER CAPITAL ADVISORS, LC prides itself on providing personalized attention and tailored investment strategies to meet each client's unique needs and objectives. When it comes to fee structures, RIVER CAPITAL ADVISORS, LC understands that different clients have different preferences and goals. For this reason, the firm offers a variety of fee models, including a percentage of assets under management (AUM), hourly billing, and fixed fees. The AUM model charges a percentage of the assets that RIVER CAPITAL ADVISORS, LC manages on behalf of the client, while the hourly model charges for the time spent on specific projects or consultations. The fixed fee structure is a pre-set flat rate for specific services, allowing clients to know exactly what they will pay from the outset. These flexible fee structures enable RIVER CAPITAL ADVISORS, LC to work closely with its clients to find the approach that best fits their financial goals and expectations.
Typical Clients, Fee Structures & Investment Minimum
The Part 2 Brochure of River Capital Advisors, LC mentions their investment minimums. For conventional investment advisory services, the minimum portfolio value eligible is $500,000. However, there are certain exceptions to this. Additionally, RCA may negotiate these minimums at its sole discretion. The annual minimum fee charged is $5,000. Therefore, clients looking for investment advisory services from RCA must have a portfolio value of at least $500,000 to be eligible.
How This Office Can Help Duval County, FL Residents
River Capital Advisors, L.C. is a financial advisory firm that provides a wide range of financial planning services to clients in Duval County, FL. The firm assists its clients in achieving their financial objectives through a tailored investment strategy that caters to their unique circumstances. The team at River Capital Advisors, L.C. helps clients navigate through various challenges, such as wealth preservation, investment planning, retirement planning, tax planning, and estate planning. For someone living in Duval County, FL, the firm's financial advisors can provide assistance in several areas of financial planning. For instance, many residents in the area might be focused on retirement planning, particularly if they are close to retirement age. Likewise, some clients may be struggling with debt management, including student loans or credit card debt. The financial advisors at River Capital Advisors, L.C. can help to develop a plan that will help clients to manage their debt and improve their financial situation. Additionally, the firm can help residents in Duval County, FL, grow their wealth by providing investment advice specific to their risk tolerance and financial objectives.
Services Offered by River Capital Advisors, Lc
Core Advisor Services
Financial Planning
Financial planning services encompass the process of devising strategies for your future financial well-being, including preparing for events such as retirement, funding your child's college education, or planning for the transfer of assets.
Portfolio Management for Individuals & Small Businesses
Portfolio management entails the careful selection and strategic management of investment combinations tailored to meet the needs of individuals and small businesses.
Market Timing Services
Market timing services involve the endeavor to generate short-term profits from investments by capitalizing on opportunities to buy at low prices and sell at high prices.
Other Services
Selection of Other Advisors
The firm provides support in selecting and engaging other advisors who possess specialized expertise to complement your financial needs.
Publication of Periodicals or Newsletters
The firm engages in the dissemination of diverse financial educational materials through the publication of periodicals.
Educational Seminars & Workshops
The firm organizes and conducts seminars or workshops aimed at enlightening investors on various financial concepts.
Fee Structures
Financial advisory fees usually are based on the services provided. Fee types charged by River Capital Advisors, Lc most likely consist of the following fee types: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Available
Percentage of Assets Under Management (AUM)
This fee structure charges a percentage of the assets under management by the firm. Fee structures are often tiered based on the amount of assets managed, with higher AUM often charged a lower rate.
Between 0.50% and 2.00% of assets under management (annually), often lower for a robo advisor. Fees are typically charged quarterly by the firm and will show on your investment statement. View typical advisor costs here.
~96% of registered firms offer this fee structure.
If you have $1 million managed by a firm at a 1% management fee, you would be charged $10,000/year to manage your assets (or $2,500 per quarter). This would be automatically deducted from your investment portfolio.
Hourly
Similar to an attorney, a financial consultant might charge fees based on hourly rates. This fee structure can be advantageous when seeking specific or ad hoc advice.
Charges generally span from $150 to $400 per hour, depending on the extent of the services required.
~33% of registered firms offer this fee structure.
If you needed hourly consulting to sell a business or transfer your estate to your children but did not want your assets managed by a firm, you could consult a firm at an hourly rate to answer any questions you may have.
Fixed Fees (Other than subscription)
Fixed fees are a one-time, lump-sum payment rendered for a specific service, such as creating a financial plan without ongoing management or implementation. This option is beneficial if you solely require guidance for a particular objective rather than a long-term consultancy or asset management.
Fixed fees for creating a financial plan often range from $1,000 to $3,000.
~49% of registered firms offer this fee structure.
If you did not want a firm to manage your assets but needed to create a retirement plan, life transition plan such as divorce or loss of a spouse, estate transition plan, business financial plan, or any other financial planning, you could consult with an RIA firm to help you with the creation of that plan.
Unavailable
Subscription (Newsletter or Periodical)
Commissions
Occasionally, advisors are compensated through commissions by selling certain financial products, such as mutual funds or life insurance policies, or as a broker-dealer by facilitating the buying and selling of securities. Advisors who receive commissions may be incentivized to make specific suggestions to clients in order to secure a commission. Advisors who operate on a fee-only basis do not earn commissions, whereas fee-based advisors may do so.
Often 3% - 6% of the value of the security.
Only ~3% of registered firms say they offer this fee structure, but other advisors may receive “soft dollars”. Many mutual funds charge 12b-1 fees to cover the promoting and selling of the fund’s shares. While your advisor does not charge these fees, they may receive a kickback for recommending the investment.
An advisor selling their client on a life insurance policy and receiving a commission on the sale of that policy, or recommending a specific investment and receiving a kickback for that recommendation.
Performance-based Fees
Advisors typically obtain performance-based fees if a portfolio surpasses a predefined benchmark. This fee is determined through various methods, but is most commonly assessed as a percentage of investment gains. Performance-based fees may incentivize advisors to undertake riskier decisions in pursuit of generating higher returns.
“Two and Twenty” is common among hedge funds with a 2% management fee and a 20% incentive fee above the “hurdle rate,” or performance threshold the fund is compared against.
32% of registered firms offer this fee structure.
A hedge fund earns a 15% return with a 20% performance fee in above the performance of the S&P 500, which grew 7% that same year.
20% of fund growth in excess of S&P 500’s 7% growth for that year = 15% hedge fund growth - 7% S&P 500 growth = 8% difference x 20% = 2% performance fee (in addition to the management fee).
Other
Firms occasionally offer unconventional fee structures when charging clients. For more detailed information about a firm’s specific fee structures, please refer to their Form ADV and Part 2 Brochure.
Types of Clients
*The Securities & Exchange Commission defines someone as “high net worth” if they have $750,000 or more in investable assets or $1.5M of estimated total net worth.
This Office Location
Other Office Locations
This firm has no other locations.
State Registrations
River Capital Advisors, Lc is registered to service clients in the following states:
- Florida
- Georgia
- Texas
Disciplinary History
River Capital Advisors, Lc does not have any disclosures. Please visit it's Form ADV for more details.