# 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.

- CRD: 108074
- Filed as: RIVERBRIDGE
- Legal name: Riverbridge Partners LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: March 13, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/108074
- AdvisorCensus page: https://advisorcensus.com/firm/riverbridge-minneapolis-mn-108074

## Quick answers

**How 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.

**How much does Riverbridge charge?**
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

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 13, 2026)

- Asset-based fee: 1% of assets a year

> The standard fee schedule calls for clients to pay an annual fee of 1% of assets under management.

- Account minimum: $2,000,000

> We generally require a $2 million aggregate asset minimum for investment.

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.

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: $5,027,039,568
- Discretionary: $5,027,039,568
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | Fewer than 5 | $0 |
| High net worth individuals | 3,482 | $3,238,165,214 |
| Banking or thrift institutions | Fewer than 5 | $0 |
| Investment companies | 2 | $240,475,928 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $332,756,600 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 17 | $252,926,212 |
| Charitable organizations | 60 | $194,251,850 |
| State or municipal government entities (including government pension plans) | 4 | $404,448,251 |
| Other investment advisers | Fewer than 5 | $0 |
| Insurance companies | 3 | $19,650,524 |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 | $0 |
| Corporations or other businesses not listed above | 82 | $297,019,741 |
| Other | 3 | $47,345,248 |

### 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

### Firm details
- Registered since: 2000 (26 years)
- Employees: 46 total, 23 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- riverbridge.com
- vimeo.com/riverbridge
- LinkedIn @riverbridge-partners-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $8,478,106,077 | 38 | March 12, 2021 |
| October 2022 | $9,407,972,571 | 43 | May 19, 2022 |
| October 2023 | $6,279,506,470 | 43 | March 29, 2023 |
| October 2024 | $7,429,289,527 | 45 | March 15, 2024 |
| October 2025 | $6,877,591,654 | 46 | March 14, 2025 |
| October 2026 | $5,027,039,568 | 46 | March 13, 2026 |

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.

## 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%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Riverbridge (CRD 108074): Form ADV filing data as of October 2026.