Who we are

Adam J. Peck, CFA
Founder & Chief Investment Officer

Prior to forming Riverwater in 2016, Adam was a Partner and Portfolio Manager at Heartland Advisors where he co-managed a multi-billion dollar small-cap value mutual fund. He currently serves on the board of the Milwaukee Repertory Theater, Coral Gables Trust Company and the Equity Board of the Applied Security Analysis Program at the University of Wisconsin-Madison. Adam earned a B.S. in International Relations with a focus on environmental sciences at the University of Wisconsin-Madison. He also earned an MBA from the University of Wisconsin-Madison in the Applied Security Analysis Program. Adam is a CFA® charterholder and a member of the CFA Institute since 2004.

Adam has appeared on CNBC, Bloomberg TV & Radio, and Fox Business News. He has also been featured in the Wall Street Journal, Barron’s, and Bloomberg Business Week, among other publications.

Adam lives in Bayside with his wife, two sons and dog, Tucker. He’s a Packer fan and enjoys the outdoors. 

Matt Drvaric, CFP®

Matt has been in the investment industry for over a decade and comes to Riverwater with strong research and client service experience. Prior to joining Riverwater, Matt worked at Wells Fargo Asset Management as an Associate Regional Director where he was responsible for distributing funds to financial advisors. He also gained invaluable experience while at Heartland Advisors conducting fundamental equity analysis as a Research Associate and providing clients with a personal experience as a Shareholder Relations Specialist. Matt graduated from the University of Wisconsin-Madison with a B.S. in Economics. He is a Certified Financial Planner™. Matt currently serves as a board member for the First Tee of Southeast Wisconsin and the Associate Board for the Zoological Society of Milwaukee. Additionally, he is a member of the Financial Planning Association of Wisconsin.

Matt lives in Whitefish Bay with his wife and young son. He enjoys golf, fishing in northern Wisconsin and spending time with his family outdoors.


Laura L. Peck, J.D.
Chief Compliance Officer

Laura practiced law at Holland & Knight in Miami, FL, specializing in maritime contracts and litigation. Laura is an officer and board member at the Jewish Community Center of Milwaukee. She is a prior chair of  the Next Generation Council at the United Performing Arts Fund.

Laura earned a B.A in International Relations with a focus on Latin America at the University of Wisconsin-Madison. She graduated magna cum laude from the University of Miami. She is licensed to practice law in Wisconsin and Florida.

Laura lives in Bayside with her husband, two sons and dog, Tucker. She enjoys staying active and has a passion for design and the arts.



Cindy Bohlen, CFA
Chief Mindfulness Officer & Analyst

Prior to joining Riverwater, Cindy managed money for clients, serving as an analyst, fund manager, and portfolio manager at Robert W. Baird and M&I Investment Management. More recently, she added a socially responsible lens to her investment process, while working for a private socially responsible investment firm, and then for a local foundation. She serves her community in various board and volunteer roles.

Cindy earned a B.B.A. in Finance and a B.A. in Spanish from the University of Wisconsin – Madison. In addition, she is a CFA® charterholder. 

Cindy lives in Bayside with her husband, two daughters, and dog. She enjoys writing, traveling and spending time with her family.