Wilmington, DE — RiversEdge Advisors is proud to announce it has been recognized by Citywire RIA as the Fastest Growing Registered Investment Advisor (RIA) in Delaware in its 50 Growers special report.
The ranking highlights firms that have demonstrated exceptional growth, with RiversEdge Advisors topping the list in one of the most business-friendly states in the country. According to Citywire RIA, the firm’s assets under management (AUM) have grown to $708 million. The last time RiversEdge made the 50 Growers list was 2023, when the RIA managed $453m in assets.
The growth reflects a combination of strategic initiatives, including client events both in-office and on the golf course, the launch of RiversEdge Tax & Advisory in early 2024, and a continued focus on serving business owners - a segment where the firm has invested heavily to “own the space,” according to CEO Tim Mihok.
“Our biggest differentiator is our business-owner-first mentality,” said Tim Mihok, CEO of RiversEdge Advisors. “We’ve built a service model that puts client needs front and center, backed by a team approach and integrated capabilities across financial planning, investment, tax, and advisory. This recognition reflects the hard work of our entire team and the trust our clients place in us.”
Several long-standing business-owner clients have experienced liquidity events in recent years, contributing to the firm’s asset growth. RiversEdge’s team-based “pod” service model—consisting of a lead advisor, associate advisor, client service associate, and, when appropriate, a member of the tax team, has also been a key driver in delivering a seamless client experience.
Citywire evaluates investment advisers on key growth metrics, including assets under management and employee growth to calculate an overall score. Firms achieving the highest scores in each state earned recognition on the list.
Disclosure: To be eligible for the Citywire RIA “50 Growers Across America” list, firms must be independent RIAs that file their own Form ADV with the SEC and provide financial planning and related services to clients. Citywire RIA looked at eligible firms’ growth in 2024 across three categories: percentage growth in assets under management (AUM), monetary growth in AUM and percentage growth in employees. Citywire RIA uses these figures to create a “growth factor” score with companies scoring highest by state being named to the list. No fees or other considerations are required from RIAs to be included in the Citywire RIA ranking.RiversEdge Advisors pays a fee for promotion and logo distribution rights.