Firm Description
Riverplace Capital Management, Inc. (Riverplace Capital) is an SEC
registered advisor firm with its principal place of business in Jacksonville, FL.
Riverplace Capital provides personalized confidential financial planning and
investment management to individuals, pension and profit-sharing plans,
trusts, estates, charitable organizations, and businesses. Advice is provided
through consultation with the client and may include determination of financial
objectives, identification of financial problems, cash flow management, tax
planning, insurance review, investment management, education funding,
retirement planning, and estate planning.
Riverplace Capital is strictly a fee-only investment management firm. The
firm does not receive commissions for purchasing or selling stocks, bonds,
mutual funds, limited partnerships, or other commissioned products. The firm
is not affiliated with entities that sell financial products or securities. No
commissions in any form are accepted. No finder’s fees are accepted.
A written Client Profile evaluation of each client's initial situation is discussed
with the client. Periodic reviews are also communicated to provide reminders
of the specific courses of action that need to be taken. More frequent reviews
occur but are not necessarily communicated to the client unless immediate
changes are recommended.
Other professionals (e.g., lawyers, accountants, insurance agents, etc.) are
engaged directly by the client on an as-needed basis. Conflicts of interest will
be disclosed to the client in the unlikely event they should occur.
The initial meeting, which may be by telephone or in person, is free of charge
and is considered an exploratory interview to determine the extent to which
financial planning and investment management may be beneficial to the
client.
Principal Owner
Peter E. Bower is the 100% stockholder.
Types of Advisory Services
Riverplace Capital provides investment supervisory services, also known as
asset management services, and manages investment advisory accounts.
On an occasional basis, Riverplace Capital furnishes advice to clients on
matters not involving securities, such as financial planning matters, taxation
issues, and trust services that often include estate planning.
As of December 31, 2023, Riverplace Capital managed approximately
$212,526,433 in assets for approximately 188 clients. There are no non-
discretionary client assets under management.
The goals and objectives for each client are documented on our Client Profile
forms. Investment policy is created that reflects these stated goals and
objectives. Clients may impose restrictions on investing in certain securities
or types of securities.
Agreements may not be assigned without client consent.
Types of Agreements
The following describes our Agreement typically used with most client
relationships.
Discretionary Investment Advisory Service Agreement
Clients choose to have Riverplace Capital manage their assets to obtain
ongoing in-depth advice and planning. All aspects of the client’s financial
affairs are reviewed. Realistic and measurable goals are set and objectives
to reach those goals are defined. As goals and objectives change over time,
suggestions are made and implemented on an ongoing basis.
The scope of work and fee for an Advisory Service Agreement is provided to
the client in writing before the start of the relationship. This Discretionary
Management Agreement includes establishing investment guidelines;
compliance with ERISA (if applicable); explanation of Execution of Investment
Transactions; reporting; risk acknowledgement; management fees with
schedule; proxy voting; termination and arbitration.
Although the Discretionary Investment Management Agreement is an ongoing
agreement and constant adjustments are required, the length of service to the
client is at the client’s discretion. The client or Riverplace Capital may
terminate an Agreement by written 30-day notice to the other party. At
termination, fees will be billed on a pro rata basis for the portion of the quarter
completed. The portfolio value at the completion of the prior full billing quarter
is used as the basis for the fee computation, adjusted for the number of days
during the billing quarter before termination.
Termination of Agreement
A Client may terminate the investment management agreement at any time
by notifying Riverplace Capital in writing with 30 days’ notice and paying the
rate for the time spent on the investment advisory engagement before
notification of termination. If the client made an advance payment, Riverplace
Capital will refund any unearned portion of the advance payment.
Riverplace Capital may terminate the investment management agreement at
any time by notifying the client in writing. If the client made an advance
payment, Riverplace Capital will refund any unearned portion of the advance
payment.