Riggs Capital Management, LLC is a large advisory firm based in Provo. It manages $208.48 million of regulatory assets for 357 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of California, Kentucky, Michigan, and 5 other states.
Riggs Capital Management provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Riggs Capital Management, LLC is $208.48 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 619% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Riggs Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and commissions. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and high net worth individuals. The largest group of clients of Riggs Capital Management is high net worth individuals with 55 clients and $111.22 million of assets under management. Among the 9 most similar advisory firms, Riggs Capital Management has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $201.96 million for 354 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Riggs Capital Management doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.
The principal office where Riggs Capital Management, LLC performs its advisory services is located at 5132 N. 300 W. #260, Provo, UT 84604, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 801-221-7923 or by fax 801-221-7944. The normal business hours are 8:00 am-5:00 pm on Monday - Friday. You can find more information about the New York firm at rcminvestments.com.