{
  "crd_number": 125964,
  "slug": "five-mile-river-investment-management-llc-125964",
  "primary_business_name": "FIVE MILE RIVER INVESTMENT MANAGEMENT, LLC",
  "legal_name": "FIVE MILE RIVER INVESTMENT MANAGEMENT, LLC",
  "dbas": [],
  "city": null,
  "state": null,
  "country": null,
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2026-06-25",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-06-29",
  "carried_forward": false,
  "raum_total": 108692772.0,
  "raum_discretionary": 108692772.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 4,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 2353878.0,
      "count": 1,
      "fewer_than_5": true
    },
    "pension_profit_sharing": {
      "raum": 1106725.0,
      "count": 1,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 105232169.0,
      "count": 108
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CT",
    "FL",
    "NC",
    "NY",
    "SC",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://fivemileriver.com",
    "https://linkedin.com/maryspaldingrobbins"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/125964",
  "city_as_filed": null,
  "url": "https://advisorcensus.com/firm/five-mile-river-investment-management-llc-125964",
  "display_name": "Five Mile River Investment Management, LLC",
  "summary": "Five Mile River Investment Management, LLC is an SEC-registered investment advisory firm, registered since 2026, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated June 29, 2026.",
  "citation": "AdvisorCensus. Five Mile River Investment Management, LLC (CRD 125964): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses"
  ],
  "quick_answers": [
    {
      "q": "How is Five Mile River Investment Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Five Mile River Investment Management, LLC reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "How much does Five Mile River Investment Management, LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated May 29, 2026 states: Up to $5,000,000: 1% a year; $5,000,000 to $10,000,000: 0.75% a year; Above $10,000,000: 0.5% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Is Five Mile River Investment Management, LLC registered with the SEC or a state?",
      "a": "Five Mile River Investment Management, LLC is an SEC-registered investment advisory firm, registered since 2026. Status as filed: Approved. CRD 125964."
    },
    {
      "q": "How much does Five Mile River Investment Management, LLC manage?",
      "a": "Five Mile River Investment Management, LLC reports $108,692,772 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary)."
    },
    {
      "q": "What types of clients does Five Mile River Investment Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (108); pension and profit sharing plans (but not the plan participants or government pension plans) (1); charitable organizations (1)."
    },
    {
      "q": "Which custodians does Five Mile River Investment Management, LLC use?",
      "a": "Five Mile River Investment Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists RBC Capital Markets, LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Five Mile River Investment Management, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/125964"
    },
    {
      "q": "Does Five Mile River Investment Management, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated May 29, 2026 says: \"Account minimum is $500,000.00 (subject to discretion of the Managing Directors)\""
    },
    {
      "q": "What changed in Five Mile River Investment Management, LLC's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Newly registered with the SEC."
    }
  ],
  "filing_history": [],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Newly registered with the SEC."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 29, 2026",
    "provided_by_the_firm": false,
    "tiers": [
      {
        "band": "Up to $5,000,000",
        "rate": "1%"
      },
      {
        "band": "$5,000,000 to $10,000,000",
        "rate": "0.75%"
      },
      {
        "band": "Above $10,000,000",
        "rate": "0.5%"
      }
    ],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Fee schedule",
        "statements": [
          "Up to $5,000,000: 1% a year",
          "$5,000,000 to $10,000,000: 0.75% a year",
          "Above $10,000,000: 0.5% a year"
        ],
        "quotes": [
          "Advisory Services fees are calculated as 1% of assets under management of up to $5,000,000, billed quarterly in arrears, with $500,000.00 minimum per family.",
          "Individual accounts in excess of $5,000,000.00 are charged an annual fee of 1% for the first $5,000,000 and .75% for those assets over $5,000,000 and up to $10,000,000 and .50% for assets in excess of $10,000,000.00."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "Account minimum is $500,000.00 (subject to discretion of the Managing Directors)"
        ]
      }
    ],
    "values": {
      "tiers": [
        {
          "min": 0.0,
          "max": 5000000.0,
          "rate_pct": 1.0
        },
        {
          "min": 5000000.0,
          "max": 10000000.0,
          "rate_pct": 0.75
        },
        {
          "min": 10000000.0,
          "max": null,
          "rate_pct": 0.5
        }
      ],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 500000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Advisory Services fees are calculated as 1% of assets under management of up to $5,000,000, billed quarterly in arrears, with $500,000.00 minimum per family.",
      "Individual accounts in excess of $5,000,000.00 are charged an annual fee of 1% for the first $5,000,000 and .75% for those assets over $5,000,000 and up to $10,000,000 and .50% for assets in excess of $10,000,000.00.",
      "Account minimum is $500,000.00 (subject to discretion of the Managing Directors)"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "RBC Capital Markets, LLC",
      "name_as_filed": "RBC CAPITAL MARKETS, LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/five-mile-river-investment-management-llc-125964.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 108,
      "fewer_than_5": false,
      "raum": 105232169.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 1,
      "fewer_than_5": true,
      "raum": 1106725.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 2353878.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/125964",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}