The Riverside Group
The Riverside Group is a U.S. accounting and CPA firm that provides tax preparation, monthly accounting, bookkeeping, and strategic tax advisory to Registered Investment Advisor firms, financial advisors, and their high net worth clients, operating from Chicago and Houston on a tiered subscription and flat-rate fee model.
- Company typePrivate
- Founded-
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What The Riverside Group does
The Riverside Group is a privately held U.S. accounting and CPA firm that provides tax preparation, monthly accounting, bookkeeping, and strategic tax advisory services. Its operations are human-delivered and built around a credentialed bench of CPAs, bookkeepers, and account managers — no proprietary technology platform is disclosed.
The firm's customer base is narrowly focused on Registered Investment Advisor (RIA) firms, financial advisors, and the high net worth individuals and business owners who are clients of those advisors. Core service lines include RIA Tax & Accounting (monthly accounting, financial statement compilation, business taxes for all entity types, partner/employee returns), Client Tax & Accounting (individual and HNW taxes, rental properties, K-1s, multi-entity filings), and ongoing strategic tax advisory. The firm operates from offices in Chicago, IL and Spring (Houston metro), TX, and serves clients across the United States on a remote-delivery basis.
The revenue model is a hybrid of recurring monthly subscriptions for RIA firm clients and one-time flat-rate fees for individual/HNW tax returns. RIA packages are tiered (Essentials starting at $350/month for sub-$300K revenue firms, Platinum starting at $750/month, Enterprise starting at $3,000/month for firms with $5M+ revenue, and a custom National Accounts tier) on 1-year contracts. Individual clients are charged $850+ per return for basic compliance or $2,500+ per return for compliance plus advisory. Distribution is exclusively direct sales via the firm website, consultation requests, and phone outreach at (630) 912-8295; the firm commits to never competing for advisors' wealth management business as a deliberate channel-building stance.
The Riverside Group firmographics
Firmographics- Name
- The Riverside Group
- Legal name
- The Riverside Group
- Website
- https://riversidegroup.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Riverside Group is a U.S. accounting and CPA firm that provides tax preparation, monthly accounting, bookkeeping, and strategic tax advisory to Registered Investment Advisor firms, financial advisors, and their high net worth clients, operating from Chicago and Houston on a tiered subscription and flat-rate fee model.
- Ownership category
- akta.pro rank
The Riverside Group industry classification
Industry- Product category
- Accounting & Tax Services
- NAICS
- Offices of Certified Public Accountants (541211)
- akta.pro primary industry
- Tax-Focused Wealth Management RIAs (FSAAACAD)
- akta.pro secondary industry
- Registered Investment Advisor (RIA) Wealth Management (FSAEABAA)
Keywords
Where The Riverside Group is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
The Riverside Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Revenue model
- Client Tax Preparation Services: One-time per-return fees for individual tax preparation services, with two tiers: basic compliance starting at $850 per return, and advanced compliance with advisory starting at $2,500 per return. These are flat-rate, upfront priced engagements with no hourly billing.
- RIA Firm Monthly Accounting Packages: Recurring monthly subscription fees for RIA accounting and tax services, with tiered pricing: Essentials starting at $350/month, Platinum starting at $750/month, Enterprise starting at $3,000/month. Contracts are typically 1-year engagements.
- Business Tax Preparation: Custom-quoted services for business tax preparation including compliance, monthly accounting, bookkeeping, and outsourced CFO services. Pricing varies based on client complexity and service requirements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Pay-as-you-go | Basic individual tax preparation for clients with W-2s and 1099s |
| One time/ perpetual license | Pay-as-you-go | Advanced tax preparation with ongoing advisory and strategy |
| Subscription | Monthly | Entry-level RIA accounting package for startups |
| Subscription | Monthly | Growing RIA firm support with dedicated client support |
| Subscription | Monthly | Enterprise RIA firm with revenues over $5 million |
| Subscription | Monthly | Multi-state RIA firms with offices nationwide |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
The Riverside Group product offering
Product offeringCore offering
The Riverside Group is a CPA and accounting firm that provides tax preparation, accounting, bookkeeping, and advisory services primarily to financial advisors, Registered Investment Advisor (RIA) firms, and their individual clients. The firm operates with approximately 30 employees and serves clients through tiered monthly subscription packages and flat-fee individual tax engagements.
Product overview
Riverside Group is a CPA and accounting firm that provides a unified suite of services designed specifically for financial advisors, Registered Investment Advisor (RIA) firms, and their clients. The core offering centers on RIA Tax & Accounting and Client Tax & Accounting services, supported by specialized modules for Individual Tax Preparation, HNW Tax Preparation, Business Tax Preparation, Monthly Accounting, Bookkeeping Services, Partner/Employee Taxes, and Advisory Services. The firm operates on a tiered pricing model for RIA firms (Essentials, Platinum, Enterprise, and National Accounts) and offers individual client services at two levels: basic tax preparation and advanced strategy with advisory. All services emphasize proactive tax planning over reactive compliance, delivered by a team of CPAs, bookkeepers, and account managers.
Differentiator
Problem solved
Functional benefit
Products and services
- RIA Essentials subscription
Quantifiable outcome
- Estimated annual savings of $362,000 for 250 clients compared to building an in-house team ($675,000 vs $312,500)
Companies that use The Riverside Group
Customer profileSegments4 records
Ideal customer profiles2 records
The Riverside Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Riverside Group partnerships and signals
Strategic signalScale indicators3 records
Recent moves4 records
Expansion highlights5 records
The Riverside Group competitors and assessment
Company assessmentBroad incumbents
- Eide Bailly: Large regional CPA firm with an established Financial Services group that serves RIAs, wealth managers, and investment advisors with tax, audit, and advisory services. Comparable RIA-focused service mix but with broader geographic coverage.
- BDO USA: Global accounting network with a wealth and asset management practice serving RIAs, broker-dealers, and family offices. Comparable offering but at much larger scale and broader service portfolio.
- CliftonLarsonAllen (CLA): Top-10 US accounting firm with a wealth management and RIA practice providing tax, audit, and advisory to investment advisors. Competes for the same RIA client segment at greater scale.
- Plante Moran: Major US accounting and advisory firm with a Financial Services practice serving RIAs, hedge funds, and private equity. Overlaps with Riverside Group on RIA tax and consulting, with broader service depth and national reach.
- Marks Paneth: Large US accounting firm with a dedicated Financial Services practice serving hedge funds, private equity, and RIAs. Comparable RIA tax and advisory overlap with broader full-service capabilities.
- Wipfli: Top-25 US accounting and advisory firm with a Financial Services practice serving RIAs and wealth managers with tax preparation, audit, and consulting. Competes for similar RIA clientele.
- Marcum LLP: Top-15 US accounting firm with a Financial Services group that advises RIAs and investment advisors on tax, audit, and regulatory matters. Direct competitor for mid-market and enterprise RIA clients.
- Withum: Top-20 US CPA and advisory firm with a dedicated Financial Services practice serving RIAs, broker-dealers, and family offices. Overlaps directly with Riverside Group's RIA tax and accounting offering but operates at a much larger scale with broader service lines.
- BerryDunn: Top-100 US accounting firm with a Financial Services practice serving investment advisors and wealth managers. Overlaps with Riverside Group on RIA tax, audit, and consulting services.
Emerging players
- RIA Workbench: Tech-enabled accounting and operations platform purpose-built for RIAs and wealth managers. Competes for the same RIA back-office buyer with a software-led, lower-cost model that challenges Riverside's human-delivered services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
The Riverside Group social profiles
Digital presenceThe Riverside Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Riverside Group leadership team
Management profileNumber of profiles
The Riverside Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Riverside Group 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 The Riverside Group
What does The Riverside Group do?
The Riverside Group is a CPA and accounting firm that provides tax preparation, accounting, bookkeeping, and advisory services primarily to financial advisors, Registered Investment Advisor (RIA) firms, and their individual clients. The firm operates with approximately 30 employees and serves clients through tiered monthly subscription packages and flat-fee individual tax engagements.
Is The Riverside Group a public or private company?
The Riverside Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was The Riverside Group founded?
The Riverside Group was founded in -1. It employs 11 to 50 people.
Where is The Riverside Group based?
The Riverside Group is headquartered in Chicago, United States, in the North America region.
How does The Riverside Group make money?
Three revenue lines are on record. Client Tax Preparation Services are the primary driver. The others are RIA Firm Monthly Accounting Packages and business Tax Preparation.
Who are The Riverside Group's main competitors?
Broad incumbents on record are Eide Bailly, BDO USA, CliftonLarsonAllen (CLA), Plante Moran, Marks Paneth, Wipfli, Marcum LLP, Withum and BerryDunn. RIA Workbench is listed as an emerging player.
Does The Riverside Group have an API?
No public API is recorded for The Riverside Group.
What industry is The Riverside Group in?
The Riverside Group's product category is Accounting & Tax Services. Its primary akta.pro industry code is FSAAACAD, Tax-Focused Wealth Management RIAs, with a secondary code of FSAEABAA, Registered Investment Advisor (RIA) Wealth Management. Its NAICS code is 541211.