Rivercities Asset Management, LLC

RiverCities Asset Management provides investment advisory services to individual investors (including high-net-worth clients), pension and profit-sharing plans, and business clients, offering discretionary and non-discretionary individual portfolio management as well as pension consulting services such as investment policy statement preparation, investment vehicle selection, monitoring, and participant education. The firm manages accounts using a mix of mutual funds, ETFs, individual equities and fixed income instruments, and also implements Section 529 plan investments for clients through custodial platforms.

The firm’s investment approach emphasizes Modern Portfolio Theory and asset-allocation decisions, supported by fundamental analysis and long-term purchase strategies; it may employ option strategies such as covered calls and puts in appropriate accounts. For retirement-plan clients RiverCities integrates with third-party administrators (including Newport Group and FuturePlan by Ascensus) and provides ongoing plan monitoring and educational workshops consistent with ERISA 404(c) guidelines.

What is distinctive about RiverCities is its close affiliation with an accounting firm (Riney Hancock CPAs PSC): management personnel are shareholders in that CPA practice, the firms commonly refer clients to one another, and several principals devote the majority of their time to the accounting practice while advisory services are provided separately. The firm also maintains custody and execution relationships with Schwab Institutional and manages roughly $65.9 million in discretionary assets, a combination of features that is less common among supported advisers.