RiverCities Asset Management is a registered investment advisor based in Owensboro, Kentucky, that has been in business since 1999. The firm provides continuous portfolio management tailored to each client's individual objectives, time horizon, risk tolerance, and tax considerations. RiverCities Asset Management manages investments on a discretionary or non-discretionary basis, meaning they can make trades on your behalf or ask for your approval first. In addition to individual portfolio management, the firm offers pension consulting services to help retirement plans select investments and prepare investment policies. RiverCities Asset Management is closely affiliated with a local accounting firm, Riney Hancock CPAs PSC, and many of its leaders are Certified Public Accountants. The firm uses Charles Schwab as its primary custodian for client accounts.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.90% |
| $2.0M - $5.0M | 0.80% |
| $5.0M - $10.0M | 0.60% |
| $10.0M - $15.0M | 0.35% |
| $15M+ | 0.30% |
Fees are negotiable on a client-by-client basis. Discounts may be offered to family members and friends of associated persons.