Riggs Asset Management
Riggs Asset Management is a fee-only SEC-registered investment advisory firm based in Dallas, Pennsylvania, serving approximately 180 affluent families and institutions across 23 states with discretionary portfolio management, multi-generational wealth planning, and family office services.
- Company typePrivate
- Founded1989
- HeadquartersWilkes Barre, United States
- Headcount1–10
- GTM typeB2C
- OfferingServices
Riggs Asset Management firmographics
Firmographics- Name
- Riggs Asset Management
- Legal name
- Riggs Asset Management Company, Inc.
- Website
- https://riggsadvisors.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Riggs Asset Management is a fee-only SEC-registered investment advisory firm based in Dallas, Pennsylvania, serving approximately 180 affluent families and institutions across 23 states with discretionary portfolio management, multi-generational wealth planning, and family office services.
- Ownership category
- akta.pro rank
Riggs Asset Management industry classification
Industry- Product category
- Wealth Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)
- akta.pro secondary industries
- Fee-Based Advisory (FSAEAAAM), Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)
Keywords
Where Riggs Asset Management is headquartered
LocationHeadquarters
- HQ city
- Wilkes Barre
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Riggs Asset Management business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Asset-Based Advisory Fees: Riggs charges an annual fee based on assets under management: 1.00% on the first $5,000,000; 0.85% on the next $5,000,000; 0.75% on the following $5,000,000; and negotiable above $15,000,000. This is a fee-only model with no commissions or third-party compensation.
- Hourly Consulting: Investment advice through consultations, reviews, or studies not involving ongoing portfolio management, billed at $300 per hour.
- Family Office Services: Comprehensive family office services contracted at a fixed charge tailored to the scope of services provided.
- Sub-Advisory Services: When engaging First Trust Direct Indexing L.P. as sub-advisor, an additional fee of 0.30% per year applies with a minimum of $1,500 per account per year, billed as part of a bundled Riggs fee.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | First $5,000,000 in assets under management |
| Subscription | Annual | Next $5,000,000 (up to $10,000,000 total) |
| Subscription | Annual | Next $5,000,000 (up to $15,000,000 total) |
| Subscription | Annual | Above $15,000,000 |
| Subscription | Annual | First Trust Direct Indexing Sub-Advisory |
| Other | Pay-as-you-go | Hourly Consulting |
| Other | Multi-year contract | Family Office Services |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
Riggs Asset Management product offering
Product offeringCore offering
Riggs Asset Management is a fee-only, SEC-registered investment advisory firm providing discretionary investment management, cash flow planning, and multi-generational wealth management services. The firm charges an annual asset-based fee (1.00% on first $5M; 0.85% on next $5M; 0.75% on next $5M; negotiable above $15M) and also offers hourly consulting at $300/hour and fixed-fee family office services. Accounts are custodied at Schwab and accessed through a private client portal.
Product overview
Riggs Asset Management is a boutique SEC-registered investment advisory firm offering fee-only discretionary investment management services primarily through its core Discretionary Investment Management platform. The firm utilizes a tiered fee structure based on assets under management and provides supplementary services including First Trust Direct Indexing sub-advisory, hourly investment consulting, and fixed-rate family office services. Clients access accounts through the Riggs Private Client Portal (powered by Orion) and the Tamarac client portal, with additional concierge services for comprehensive financial management. The firm's approach combines cash flow planning with strategic wealth management focused on long-term, multi-generational wealth preservation and growth.
Differentiator
Problem solved
Functional benefit
Products and services
- Discretionary Investment Management Fee-only, SEC-registered discretionary investment advisory service with portfolio management for families, trusts, and institutions, using a tiered fee structure based on assets under management (1.00% on first $5M; 0.85% on next $5M; 0.75% on next $5M; negotiable above $15M).
- First Trust Direct Indexing Sub-Advisory
Quantifiable outcome
- Approximately 25% of family client relationships span two to four generations
- +1 more outcomes
Companies that use Riggs Asset Management
Customer profileNamed customers1 record
Segments7 records
Ideal customer profiles4 records
Riggs Asset Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Riggs Asset Management partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and supporting.
- First Trust Direct Indexing L.P.coreRiggs engages First Trust Direct Indexing L.P. as a sub-advisor to provide direct indexing investment management services for client portfolios. First Trust is a registered investment advisor with the SEC and provides tax-efficient index investing capabilities. This sub-advisory relationship allows Riggs to offer direct indexing strategies as part of their comprehensive wealth management services.
- Orion AdvisorcoreRiggs uses Orion Advisor's client portal platform for daily account visibility and real-time updates. Orion provides the technology infrastructure powering the Riggs Private Client Portal, which offers financial plan access, asset aggregation, net worth statements, and investment performance insights.
- SchwabcoreSchwab serves as the primary custodian for client investment accounts. Riggs clients receive regular statements directly from Schwab with online account access. Schwab provides SIPC insurance protection up to $500,000 per account with additional London Underwriters coverage up to $150 million.
- TamaracsupportingRiggs previously used Tamarac's client portal platform for account management. The firm has transitioned to Orion Advisor for enhanced client portal capabilities.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Riggs Asset Management competitors and assessment
Company assessmentBroad incumbents
- Fisher Investments: Large fee-based investment manager serving high-net-worth individuals and institutions with discretionary portfolio management. Comparable asset-based fee model and target client segment, but significantly larger and more institutional.
- Schwab Wealth Advisory: Schwab's fee-based advisory service combining digital tools with dedicated advisors for affluent households. Competes on asset-based fees, fiduciary delivery, and integrated custody - all areas where Riggs also competes.
- Edelman Financial Engines: Large national RIA offering investment advisory and financial planning to mass-affluent and high-net-worth households. Overlaps with Riggs in fee-based advice and financial planning, but at much greater scale and broader reach.
- Raymond James Private Client Group: Wealth management division of a national broker-dealer providing investment advisory and financial planning to affluent households. Comparable client base and planning services, though housed within a larger commission-eligible platform.
- Vanguard Personal Advisor: Hybrid robo-advisor offering ongoing advice, planning and discretionary management at low asset-based fees. Competes with Riggs on the affluent/mass-affluent segment via lower-cost technology-enabled service.
Direct peers
- Carson Group: Wealth management firm supporting affiliated advisors who serve affluent families and business owners with holistic planning. Overlapping in fee-based advisory, family wealth transfer, and advisor support model.
- Creative Planning: Large fee-only RIA providing discretionary investment management, estate, tax and family office services to high-net-worth households. Directly comparable fee-only fiduciary model serving families across multiple states.
- Ritholtz Wealth Management: Boutique fee-only RIA serving high-net-worth individuals and families with discretionary investment management. Comparable in size, advisor-led model, and content-driven client acquisition approach.
- Buckingham Strategic Wealth: Fee-only fiduciary RIA focused on evidence-based investment management and financial planning for affluent households. Comparable fee structure, planning-centric delivery, and multi-generational client focus.
- Mariner Wealth Advisors: Fee-only RIA serving affluent families, business owners and institutions with holistic wealth management including family office services. Highly comparable boutique-to-mid-market RIA competing for the same multi-generational client base.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Riggs Asset Management social profiles
Digital presenceRiggs Asset Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Riggs Asset Management leadership team
Management profileNumber of profiles
Profiles10 records
Riggs Asset Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Riggs Asset Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Riggs Asset Management
What does Riggs Asset Management do?
Riggs Asset Management is a fee-only, SEC-registered investment advisory firm providing discretionary investment management, cash flow planning, and multi-generational wealth management services. The firm charges an annual asset-based fee (1.00% on first $5M; 0.85% on next $5M; 0.75% on next $5M; negotiable above $15M) and also offers hourly consulting at $300/hour and fixed-fee family office services. Accounts are custodied at Schwab and accessed through a private client portal.
Is Riggs Asset Management a public or private company?
Riggs Asset Management is a private company. It is classified as family owned and is currently operating.
When was Riggs Asset Management founded?
Riggs Asset Management was founded in 1989. It employs 1 to 10 people.
Where is Riggs Asset Management based?
Riggs Asset Management is headquartered in Wilkes Barre, United States, in the North America region.
How does Riggs Asset Management make money?
Four revenue lines are on record. Asset-Based Advisory Fees are the primary driver. The others are hourly Consulting, family Office Services and sub-Advisory Services.
Who are Riggs Asset Management's main competitors?
Broad incumbents on record are Fisher Investments, Schwab Wealth Advisory, Edelman Financial Engines, Raymond James Private Client Group and Vanguard Personal Advisor. Direct peers are Carson Group, Creative Planning, Ritholtz Wealth Management, Buckingham Strategic Wealth and Mariner Wealth Advisors.
Does Riggs Asset Management have an API?
No public API is recorded for Riggs Asset Management.
What industry is Riggs Asset Management in?
Riggs Asset Management's product category is Wealth Management. Its primary akta.pro industry code is FSAEAAAC, Portfolio Construction & Asset Allocation Advisory, with a secondary code of FSAEAAAM, Fee-Based Advisory. Its NAICS code is 523940 and its SIC code is 6282.