River Source Wealth Management, LLC (Waynesville)


River Source Wealth Management, LLC is a large advisory firm based in Waynesville. It manages $235.57 million of regulatory assets for 1,273 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Florida, Maryland, and North Carolina.

River Source Wealth Management provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for approximately 1,000 clients. On top of advisory services, the firm doesn't engage in other business activities.

River Source Wealth Management: assets under management

The assets under management (AUM) of River Source Wealth Management, LLC is $235.57 million. The firm's AUM has grown by 660% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $187.58 million in discretionary accounts and $47.99 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $157.37 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $592.41 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay River Source Wealth Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.

Based in Waynesville

The principal office where River Source Wealth Management, LLC performs its advisory services is located at 168 Tate Street, Waynesville, NC 28786 The mailing address of the firm is Po Box 988, Waynesville, NC 28786. An additional office of the firm is in Bowie, MD. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 828-452-1288 or by fax 828-246-0392. The normal business hours are 8:30 am - 4:30pm on Monday - Friday. You can find more information about the New York firm at balsamcapitalgroup.com.