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
Available Fee Structures
- Percentage of Assets Under Management (AUM)
- Fixed Fees (Other than subscription)
- Other
Riley Private Client LLC Overview
RILEY PRIVATE CLIENT LLC is a newly-established investment advisory firm based in Southlake, TX. They operate on a fee-based arrangement, dedicated to providing investment advice only. Despite being in business for only a short time since 2021, they have been able to establish a reputation for providing quality financial planning and portfolio management services to individuals and small businesses. As an investment advisory firm, RILEY PRIVATE CLIENT LLC focuses on helping their clients achieve their financial goals by offering personalized financial planning, which is tailor-made to meet their individual needs. Their portfolio management services are designed to help clients make informed investment decisions and help them manage their investments efficiently. Through their fee-based structure, clients are assured of transparency and accountability. Another unique aspect of RILEY PRIVATE CLIENT LLC's services is their selection of other advisors. They understand that clients may require different types of services, and they believe that having the right network of advisors is essential. As such, they offer access to a wide range of professionals who offer specialized services in areas such as tax planning, estate planning, and insurance. Overall, RILEY PRIVATE CLIENT LLC is a reliable and dependable investment advisory firm that seeks to provide innovative and comprehensive solutions to their clients' financial needs.
RILEY PRIVATE CLIENT LLC serves a diverse range of clients, including individuals and high net worth individuals. These clients come from various backgrounds and have unique financial needs that require tailored solutions. The firm prides itself on providing each client with personalized attention and expert advice to meet their individual goals. When it comes to fee structures, RILEY PRIVATE CLIENT LLC offers several options depending on the services provided. Clients can opt for a percentage of assets under management (AUM) fee, where the firm charges a percentage of the total value of the client's investment portfolio. Alternatively, fixed fees are also available, where clients pay a set fee for a specific service. Other types of fees may include performance fees, account maintenance fees, or transaction fees, among others. The firm ensures complete transparency in its fee structures and maintains full disclosure of any costs associated with its services. With RILEY PRIVATE CLIENT LLC, clients can be assured that their financial well-being is in good hands with a highly skilled and dedicated team.
Typical Clients, Fee Structures & Investment Minimum
Unfortunately, the Part 2 Brochure for Riley Private Client LLC does not mention anything about their investment minimum.
How This Office Can Help Westlake, TX Residents
Riley Private Client, LLC is a financial planning and investment management firm that provides assistance to clients in Westlake, TX. The firm offers a range of services that are specifically tailored to meet the financial needs and goals of individuals and families living in Westlake. With a deep understanding of the unique financial situations that residents of Westlake may face, Riley Private Client, LLC helps clients to identify and prioritize their financial objectives. One of the most common financial situations that residents of Westlake, TX may face is managing the wealth and assets that come from successful careers and businesses. Riley Private Client, LLC offers comprehensive financial planning services to help clients protect, grow, and preserve their wealth. The firm also provides investment management services to help clients make smart investment decisions that align with their long-term financial goals. Additionally, Riley Private Client, LLC can assist clients with estate planning and wealth transfer strategies, which can be particularly important for high net worth individuals in Westlake.
Services Offered by Riley Private Client LLC
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 Riley Private Client LLC 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.
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.
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.
Unavailable
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.
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).
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
- Mon 8:30 AM–5 PM
- Tue 8:30 AM–5 PM
- Wed 8:30 AM–5 PM
- Thu 8:30 AM–5 PM
- Fri 8:30 AM–5 PM
- Sat Closed
- Sun Closed
Other Office Locations
This firm has no other locations.
Disciplinary History
Riley Private Client LLC does not have any disclosures. Please visit it's Form ADV for more details.