AdvisorCensus / Financial advisors / Minnesota / Minneapolis / Riverbridge
Riverbridge is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 13, 2026.
Quick answers
From the filingHow is Riverbridge compensated?
On its Form ADV (Item 5.E, October 2026), Riverbridge reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
What does Riverbridge's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 13, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Riverbridge located?
Riverbridge's principal office is in Minneapolis, MN, according to its Form ADV.
Is Riverbridge registered with the SEC or a state?
Riverbridge is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 108074.
How much does Riverbridge manage?
Riverbridge reports $5,027,039,568 in regulatory assets under management in its Form ADV filing dated March 13, 2026 (100% discretionary).
How have Riverbridge's assets and staff changed since 2021?
In the Form ADV data for Riverbridge: Regulatory assets under management: $8,478,106,077 in the October 2021 data and $5,027,039,568 in the October 2026 data, down 41%. Total employees: 38 in October 2021 and 46 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Riverbridge serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (3,482); corporations or other businesses not listed above (82); charitable organizations (60).
Which custodians does Riverbridge use?
Riverbridge's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.
Does Riverbridge 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/108074
Does Riverbridge state an account minimum?
Its Form ADV Part 2A brochure dated March 13, 2026 says: "We generally require a $2 million aggregate asset minimum for investment."
What changed in Riverbridge's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 22 to 23. Regulatory assets under management went from $6,877,591,654 to $5,027,039,568 (-27%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 1% of assets a year
The brochure's wording
The standard fee schedule calls for clients to pay an annual fee of 1% of assets under management.
Account minimum: $2,000,000
The brochure's wording
We generally require a $2 million aggregate asset minimum for investment.
As stated in the firm's Form ADV Part 2A brochure dated March 13, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$5,027,039,568 as of October 2026, filing dated March 13, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
- Publication of periodicals or newsletters
- Educational seminars/workshops
Registration and firm details
Items 1, 2, 5- Legal name
- Riverbridge Partners LLC
- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2000 (26 years)
- Employees
- Total: 46. Performing investment advisory functions: 23.
- Wrap fee program participation
- Yes.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
50 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $5,027,039,568 | 46 | March 13, 2026 |
| October 2025 | $6,877,591,654 | 46 | March 14, 2025 |
| October 2024 | $7,429,289,527 | 45 | March 15, 2024 |
| October 2023 | $6,279,506,470 | 43 | March 29, 2023 |
| October 2022 | $9,407,972,571 | 43 | May 19, 2022 |
| October 2021 | $8,478,106,077 | 38 | March 12, 2021 |
Regulatory assets under management: $8,478,106,077 in the October 2021 data and $5,027,039,568 in the October 2026 data, down 41%.
Total employees: 38 in October 2021 and 46 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 22 to 23.
- Regulatory assets under management went from $6,877,591,654 to $5,027,039,568 (-27%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Riverbridge (CRD 108074): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/riverbridge-minneapolis-mn-108074