Superstars in Business Winner: RiversEdge Advisors | 15-40 Employees

BUILDING WEALTH THROUGH SIMPLICITY

How RiversEdge Advisors leads with client-centered financial planning

BY AMANDA SCHIMMEL | PHOTOS BY NICK WALLACE PHOTOGRAPHY

AT RIVERSEDGE ADVISORS, putting clients’ interests first is more than a mission—it’s the foundation of everything they do. With a straightforward approach, the firm leverages proven strategies and costefficient, nonproprietary services to help clients achieve their financial goals while managing risk effectively. RiversEdge’s comprehensive offerings include investment management, financial and estate planning, business advisory, tax compliance, and corporate retirement services. Their focus goes beyond just managing wealth; they aim to provide a personalized financial experience that empowers clients to take control of their futures. After co-founders Brian Carney and Jarrett Morris left their first entrepreneurial venture, they established RiversEdge Advisors as an independent advisory firm, free of conflicts of interest. Drawing on their extensive experience in the financial services industry, they quickly grew the firm, expanding the team to 20 full-time employees and quadrupling assets by 2018.

To further enhance the firm’s vision, Carney and Morris brought in Partner and CFO Tim Mihok, who has since played a pivotal role in expanding the firm’s services. Mihok launched RiversEdge Tax & Advisory, offering business owners integrated tax and financial planning under one roof. “A common challenge for entrepreneurs is finding proactive, cohesive tax advice,” Mihok explains. “By integrating our tax and financial planning teams, we streamline the experience for business owners and provide comprehensive solutions in one place.”

Family engagement and workplace camaraderie are also vital to our culture, with regular family events and team-building activities like weekly lunches and social gatherings. ese initiatives create a high-performance work environment where our employees feel supported, valued, and part of a collaborative community.”

— Brian Carney, Co-Founder

RiversEdge Advisors is committed to simplifying the financial lives of their clients by providing clear, actionable solutions to complex problems. Morris emphasizes, “We believe that complexity hinders execution. By educating clients in simple, understandable terms, we empower them to make informed decisions and reduce their financial anxiety.”

With a client retention rate of 99.6% in 2023, authenticity is at the heart of RiversEdge Advisors’ relationships. The firm also extends its commitment to financial literacy by offering pro bono consultations and free advice to individuals who may not need full-time advisory services. Carney notes, “This allows us to meet and educate people who need it while giving them access to objective, conflict-free guidance at no cost.”

Philanthropy is an integral part of the culture at RiversEdge Advisors, with team members actively participating in various charitable efforts. As Morris explains, “We are proud to say that our company is deeply rooted in its core values, and we ensure that every team member has a platform to contribute.” Each year, the firm engages with a wide range of charitable organizations by donating both time and financial resources. RiversEdge employees are actively involved with organizations such as Prevent Child Abuse Delaware, Delaware Women Against MS, and Mission Kids Advocacy Center, often serving on boards and committees of local nonprofits.

RiversEdge Advisors’ commitment to giving back extends beyond its client relationships and into the communities where it operates. This philanthropic ethos is just one example of how the firm lives its values daily.

RiversEdge Advisors has been recognized as a 2024 USA Today Best Financial Advisory Firm and was named to the 2024 Inc. 5000 Fastest Growing Private Companies in America list. The firm’s growth is driven not only by its client-centric approach but also by its focus on retaining top talent. Continuous professional development and educational opportunities are key components of its employee retention strategy.

Carney notes, “Family engagement and workplace camaraderie are also vital to our culture, with regular family events and team-building activities like weekly lunches and social gatherings. These initiatives create a high-performance work environment where our employees feel supported, valued, and part of a collaborative community.”

RiversEdge Advisors stands out not only for its wealth management expertise but also for its dedication to transparent, client-centered financial planning. By simplifying complex financial matters and fostering authentic relationships, the firm empowers clients to make informed decisions. As a trusted industry leader, RiversEdge Advisors is building a lasting legacy grounded in integrity, education, and meaningful community impact.