River And Mercantile LLC (Waltham)

Name: River And Mercantile LLC
Address: 130 Turner St., Waltham, MA, 02453
Telephone: 781-373-6900

River And Mercantile LLC is a large advisory firm based in Waltham. It manages $5.48 billion of regulatory assets for 62 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Massachusetts, New Hampshire, Rhode Island, and Texas.

River And Mercantile provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

River And Mercantile: assets under management

The assets under management (AUM) of River And Mercantile LLC is $5.48 billion. The firm's AUM has grown by 25% since the beginning of its operation, and $158 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.01 billion in discretionary accounts and $4.47 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $33.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $139.69 million.

River And Mercantile has custody of $265.2 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 79% of the total AUM. The second-largest asset type is government bonds, which make up 18% of the firm’s portfolio. Investments in derivatives form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay River And Mercantile LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients River And Mercantile serves?

The firm provides services to insurance companies, charitable organizations, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of River And Mercantile is pension and profit sharing plans with 45 clients and $3.3 billion of assets under management. Among the 9 most similar advisory firms, River And Mercantile has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $5.48 billion for 61 clients. 3% of the firm’s clients are foreign persons or businesses.

River And Mercantile doesn't advise any private funds.

Careers at River And Mercantile LLC

The company employs 42 people that are either part- or full-time employees. 52 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
P Solve Holdings Ltd	Owner	1 Apr 2000	75% - 100%	03558766
River And Mercantile Us Holdings Ltd	Owner	1 Apr 2000	75% - 100%	03558766
Ryan Darden Mcglothlin	Managing director, chief compliance officer	1 Dec 2009	Other	2956745

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
River And Mercantile Group Limited	Indirect owner	1 Mar 2014	75% - 100%	4035248
P Solve Holdings Ltd	Direct owner	1 Mar 2014	75% - 100%	3558766
River And Mercantile Group Plc	Indirect owner	1 Mar 2014	75% - 100%	4035248

Based in Waltham

The principal office where River And Mercantile LLC performs its advisory services is located at 130 Turner St., Waltham, MA 02453, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-373-6900 or by fax 781-373-6902. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at psolve.us/ and its LinkedIn profile.