# Riverwater Partners LLC

> Riverwater Partners LLC is an SEC-registered investment advisory firm in Milwaukee, WI, registered since 2019, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated June 16, 2026.

- CRD: 283540
- Filed as: RIVERWATER PARTNERS LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Milwaukee, WI
- Filing period: October 2026
- Form ADV filing dated: June 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/283540
- AdvisorCensus page: https://advisorcensus.com/firm/riverwater-partners-llc-milwaukee-wi-283540

## Quick answers

**How is Riverwater Partners LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Riverwater Partners LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Riverwater Partners LLC located?**
Riverwater Partners LLC's principal office is in Milwaukee, WI, according to its Form ADV.

**Is Riverwater Partners LLC registered with the SEC or a state?**
Riverwater Partners LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 283540.

**How much does Riverwater Partners LLC manage?**
Riverwater Partners LLC reports $660,866,025 in regulatory assets under management in its Form ADV filing dated June 16, 2026 (66% discretionary).

**How have Riverwater Partners LLC's assets and staff changed since 2021?**
In the Form ADV data for Riverwater Partners LLC: Regulatory assets under management: $749,142,810 in the October 2021 data and $660,866,025 in the October 2026 data, down 12%. Total employees: 7 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Riverwater Partners LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (87); individuals (other than high net worth individuals) (74); charitable organizations (15).

**Which custodians does Riverwater Partners LLC use?**
Riverwater Partners LLC'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 Riverwater Partners LLC 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/283540

**What changed in Riverwater Partners LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 7 to 8. Regulatory assets under management went from $600,209,973 to $660,866,025 (+10%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges

### 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: $660,866,025
- Discretionary: $434,482,913
- Non-discretionary: $226,383,112

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 74 | $17,020,875 |
| High net worth individuals | 87 | $462,560,522 |
| Charitable organizations | 15 | $76,747,387 |
| Other investment advisers | 7 | $104,044,909 |
| Corporations or other businesses not listed above | 2 | $492,332 |

### 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

### Firm details
- Registered since: 2019 (6 years)
- Employees: 11 total, 8 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: FL, IL, MN, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- riverwaterpartners.com
- vimeo.com/user113568853
- Facebook @RIVERWATERPARTNERS
- Instagram @riverwater_partners
- LinkedIn @riverwater-partners-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $749,142,810 | 7 | March 25, 2021 |
| October 2022 | $894,906,446 | 11 | August 19, 2022 |
| October 2023 | $746,659,835 | 11 | September 20, 2023 |
| October 2024 | $871,740,008 | 12 | June 27, 2024 |
| October 2025 | $600,209,973 | 11 | April 15, 2025 |
| October 2026 | $660,866,025 | 11 | June 16, 2026 |

Regulatory assets under management: $749,142,810 in the October 2021 data and $660,866,025 in the October 2026 data, down 12%.
Total employees: 7 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 7 to 8.
- Regulatory assets under management went from $600,209,973 to $660,866,025 (+10%).

### February 2026
- No longer lists the business name Riverwater Blue.
- Updated its list of owners and control persons (Schedule A).

### November 2025
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Riverwater Partners LLC (CRD 283540): Form ADV filing data as of October 2026.