# Ridgewood Investments

> Ridgewood Investments is an SEC-registered investment advisory firm in Springfield, NJ, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 3, 2026.

- CRD: 121220
- Filed as: RIDGEWOOD INVESTMENTS
- Legal name: Ridgewood Investments LLC
- Also doing business as: DIVIDEND GROWTH PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Springfield, NJ
- Filing period: October 2026
- Form ADV filing dated: April 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/121220
- AdvisorCensus page: https://advisorcensus.com/firm/ridgewood-investments-springfield-nj-121220

## Quick answers

**How is Ridgewood Investments compensated?**
On its Form ADV (Item 5.E, October 2026), Ridgewood Investments reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); performance-based fees.

**How much does Ridgewood Investments charge?**
Its Form ADV Part 2A brochure dated March 31, 2026 states: Hourly rate: $450 to $1,000 an hour (certain services related to consulting, financial planning or other…). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Ridgewood Investments located?**
Ridgewood Investments' principal office is in Springfield, NJ, according to its Form ADV; the May 2026 filing also lists 3 other offices (Schedule D, Section 1.F).

**Is Ridgewood Investments registered with the SEC or a state?**
Ridgewood Investments is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 121220.

**How much does Ridgewood Investments manage?**
Ridgewood Investments reports $419,172,164 in regulatory assets under management in its Form ADV filing dated April 3, 2026 (85% discretionary).

**How have Ridgewood Investments' assets and staff changed since 2021?**
In the Form ADV data for Ridgewood Investments: Regulatory assets under management: $353,143,546 in the October 2021 data and $419,172,164 in the October 2026 data, up 19%. Total employees: 6 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Ridgewood Investments serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (114); pooled investment vehicles (other than investment companies and business development companies) (62); high net worth individuals (56).

**Which custodians does Ridgewood Investments use?**
Ridgewood Investments' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Interactive Brokers LLC and National Financial Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Ridgewood Investments report any disciplinary disclosures?**
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/121220

**Does Ridgewood Investments state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "Ridgewood has an account minimum of $500,000, which may be reduced at the sole discretion of the Adviser."

**What changed in Ridgewood Investments' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $346,679,345 to $419,172,164 (+21%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> Ridgewood has an account minimum of $500,000, which may be reduced at the sole discretion of the Adviser.

- Hourly rate: $450 to $1,000 an hour (certain services related to consulting, financial planning or other…)

> The adviser also may provide certain services related to consulting, financial planning or other financial advisory services on an hourly or fixed fee basis. Depending on the scope of the work to be performed and the professional performing the advisory services, the hourly rate will range from a low of $450 per hour to a high of $1,000 per hour.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Interactive Brokers LLC
- National Financial Services LLC

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.

### Regulatory assets under management (Item 5.F)
- Total: $419,172,164
- Discretionary: $355,454,328
- Non-discretionary: $63,717,836

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 114 | $71,722,095 |
| High net worth individuals | 56 | $222,395,225 |
| Pooled investment vehicles (other than investment companies and business development companies) | 62 | $33,460,274 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 37 | $29,150,338 |
| Other | 26 | $62,444,232 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2006 (20 years)
- Employees: 7 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, MA, MD, NH, NJ, NY, PA, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the May 2026 filing
- Beverly Hills, CA
- Hermosa Beach, CA
- New Hope, PA

### Websites listed on Form ADV (Item 1.I)
- dividendgrowthpartners.com
- ridgewoodinvestments.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $353,143,546 | 6 | March 30, 2021 |
| October 2022 | $340,836,511 | 6 | May 6, 2022 |
| October 2023 | $302,383,497 | 6 | July 6, 2023 |
| October 2024 | $325,692,539 | 6 | September 5, 2024 |
| October 2025 | $346,679,345 | 5 | March 28, 2025 |
| October 2026 | $419,172,164 | 7 | April 3, 2026 |

Regulatory assets under management: $353,143,546 in the October 2021 data and $419,172,164 in the October 2026 data, up 19%.
Total employees: 6 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $346,679,345 to $419,172,164 (+21%).

### January 2026
- No longer registered or notice-filed in FL.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Ridgewood Investments (CRD 121220): Form ADV filing data as of October 2026.