VALUE(S) INVESTING

VALUE INVESTING ALIGNED
WITH YOUR VALUES

RIVERWATER PARTNERS

Riverwater Partners LLC is an independent, fee based, employee and woman-owned registered investment advisory firm based in Milwaukee, WI serving individual and institutional investors. We are proud to be Wisconsin’s only dedicated ESG (Environmental, Social, Governance) equity manager.

We proudly invest our assets beside yours

ABOUT US

We are passionate about investing, focused on delivering attractive risk-adjusted returns and a personalized client experience.

Our team employs a consistent proprietary process called the Riverwater Three Pillar Approach® which seeks to limit portfolio volatility and downside capture.

We proudly invest our assets beside yours

ABOUT US

We are passionate about investing, focused on delivering attractive risk-adjusted returns and a personalized client experience.

Our team employs a consistent proprietary process called the Riverwater Three Pillar Approach® which seeks to limit portfolio volatility and downside capture.

Let us introduce ourselves

OUR TEAM

Our team continually strives for excellence in service to clients and society.

Riverwater Partners

Founder & Chief Investment Officer

ADAM J. PECK, CFA

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.

Chief Mindfulness Officer & Analyst

CINDY BOHLEN, CFA

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.

Founder & Chief Compliance Officer

LAURA L. PECK, J.D.

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.

Partner

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.

Nate Fredrick

Research Analyst

NATHAN FREDRICK

Nate received a bachelor’s degree from Michigan State University in Economics and an MBA from University Wisconsin-Milwaukee. He recently worked in personal banking for BMO Harris bank before enrolling in, and completing, University Wisconsin-Milwaukee’s Investment Management Certificate Program. Nate is a Level II CFA Candidate.

INVESTMENT PHILOSOPHY

VALUE(S) INVESTING: aligning value investing with socially responsible values

Long-Term Investing.

We are business owners not stock traders. We strive to hold our investments for the long term. By limiting turnover, we can minimize execution costs, tax inefficiencies and compound after-tax returns.

Focused Portfolios.

We manage focused portfolios that invest between 20-35 names. Studies have shown that focused portfolios generate superior risk-adjusted returns.

Responsible Investment.

It is our goal to ensure your assets are invested for the long-term and given the opportunity to align with businesses that enhance our world for the next generation. We are proud to be members of the USSIF and signatories to the PRI Association and CDP Worldwide.

Investing Beside You.

The partners at Riverwater believe in eating our own cooking and proudly invest our personal assets beside yours in Riverwater strategies.

INVESTMENT PROCESS

VALUE(S) INVESTING: aligning value investing with socially responsible values

We create a watchlist of companies that we believe have enduring franchises. The list is created through management meetings, intensive reading of company filings, media sources and screening. Our screens focus on companies that earn their cost of capital and have grown sales over the last 10 years. Companies that are attractively valued are further vetted using the Riverwater Three Pillar Approach®.

ONE

Pillar

Exceptional Management Teams

We focus on teams that exhibit a history of making wise capital allocation decisions and are aligned with shareholders.

TWO

Pillar

Superior Business

We look for unique businesses with defensible moats allowing them to consistently earn and exceed their cost of capital.

THREE

Pillar

Attractive Valuation

Companies should be able to consistently generate or grow free cash flow throughout an economic cycle with flexible balance sheets. We prefer to pay either at or below market multiples on earnings.

INVESTMENT PHILOSOPHY

VALUE(S) INVESTING: aligning value investing with socially responsible values

Long-Term Investing.

We are business owners not stock traders. We strive to hold our investments for the long term. By limiting turnover, we can minimize execution costs, tax inefficiencies and compound after-tax returns.

Focused Portfolios.

We manage focused portfolios that invest between 20-35 names. Studies have shown that focused portfolios generate superior risk-adjusted returns.

Responsible Investment.

It is our goal to ensure your assets are invested for the long-term and given the opportunity to align with businesses that enhance our world for the next generation. We are proud to be members of the USSIF and signatories to the PRI Association and CDP Worldwide.

Investing Beside You.

The partners at Riverwater believe in eating our own cooking and proudly invest our personal assets beside yours in Riverwater strategies.

INVESTMENT PROCESS

VALUE(S) INVESTING: aligning value investing with socially responsible values

We create a watchlist of companies that we believe have enduring franchises. The list is created through management meetings, intensive reading of company filings, media sources and screening. Our screens focus on companies that earn their cost of capital and have grown sales over the last 10 years. Companies that are attractively valued are further vetted using the Riverwater Three Pillar Approach®.

ONE

Pillar

Exceptional Management Teams

We focus on teams that exhibit a history of making wise capital allocation decisions and are aligned with shareholders.

TWO

Pillar

Superior Business

We look for unique businesses with defensible moats allowing them to consistently earn and exceed their cost of capital.

THREE

Pillar

Attractive Valuation

Companies should be able to consistently generate or grow free cash flow throughout an economic cycle with flexible balance sheets. We prefer to pay either at or below market multiples on earnings.

INVESTMENT STRATEGIES

SMID (Small & Mid Cap) Equity Strategy

The Riverwater SMID Equity Strategy seeks to provide attractive risk-adjusted returns versus its benchmark, the Russell 2500 Index. The SMID Cap Equity Strategy holds 20-35 small and mid-sized companies generally between a range of $250mm and $20B in market capitalization.

 

Large Equity Income Strategy

The Riverwater Large Equity Income Strategy seeks to provide attractive risk-adjusted returns versus its benchmark, the Russell 1000 Value. The Large Equity Income Strategy holds 20-35 holdings with market capitalizations generally above $15B. We focus on dividend paying equities that have a history of growing their dividend.

 

Diversified Strategy

Riverwater’s Diversified Strategy combines our equity strategies with select fixed income, international and alternative investments. These portfolios are custom tailored to each client’s risk tolerance.

Environmental, Social and Governance Issues

RESPONSIBLE INVESTING

Riverwater Partners seeks to invest in companies that balance the needs of financial stakeholders while demonstrating a commitment to environmental sustainability, social justice and human rights. As a part of Riverwater Partners Three Pillar Approach® we analyze each company to identify those with superior overall performance on Environmental, Social and Governance (ESG) issues.

E

ENVIRONMENTAL
We target companies working towards conserving energy and using renewables in their supply chains while avoiding firms with a history of poor environmental practices. We encourage companies to both actively measure their total environmental impact and set sustainability goals.

S

SOCIAL
We focus on investing in companies that encourage diversity in their workforce, have the best health and safety records in their respective industry, and engage in active discussion surrounding human rights and community issues.

G

GOVERNANCE
Good corporate governance ensures fair treatment of shareholders, customers and employees. In this realm, we look for diverse boards among the talent, race and gender spectrums. We prefer to invest in companies with separate CEO and Chairman roles, well-aligned compensation structures, non-staggered boards and those that have instituted sustainability reporting.

Riverwater Partners collaborates with organizations that promote ESG efforts. Riverwater Partners is a member of US SIF, a signatory of the United Nation’s PRI (Principles for Responsible Investment), and an investor signatory of the CDP. Membership in these organizations provides us with thought leadership on best practices, current trends, impact, and company level data which enables us to focus our ESG lens effectively.

USSIF
CDP

United Nations Principles of Responsible Investing

Analysis

We will incorporate ESG issues into investment analysis and decision-making processes.

Active

We will be active owners and incorporate ESG issues into our ownership policies and practices.

Disclosure

We will seek appropriate disclosure on ESG issues by the entities in which we invest.

Acceptance

We will promote acceptance and implementation of the principles within the investment industry.

Enhance

We will work together to enhance our effectiveness in implementing the principles.

Report

We will each report on our activities and progress towards implementing the principles.

Voting for value(s): We actively use proxy voting as a tool to encourage companies to incorporate ESG principles.

Environmental, Social and Governance Issues

RESPONSIBLE INVESTING

Riverwater Partners seeks to invest in companies that balance the needs of financial stakeholders while demonstrating a commitment to environmental sustainability, social justice and human rights. As a part of Riverwater Partners Three Pillar Approach® we analyze each company to identify those with superior overall performance on Environmental, Social and Governance (ESG) issues.

E

ENVIRONMENTAL
We target companies working towards conserving energy and using renewables in their supply chains while avoiding firms with a history of poor environmental practices. We encourage companies to both actively measure their total environmental impact and set sustainability goals.

S

SOCIAL
We focus on investing in companies that encourage diversity in their workforce, have the best health and safety records in their respective industry, and engage in active discussion surrounding human rights and community issues.

G

GOVERNANCE
Good corporate governance ensures fair treatment of shareholders, customers and employees. In this realm, we look for diverse boards among the talent, race and gender spectrums. We prefer to invest in companies with separate CEO and Chairman roles, well-aligned compensation structures, non-staggered boards and those that have instituted sustainability reporting.

Riverwater Partners collaborates with organizations that promote ESG efforts. Riverwater Partners is a member of US SIF, a signatory of the United Nation’s PRI (Principles for Responsible Investment), and an investor signatory of the CDP. Membership in these organizations provides us with thought leadership on best practices, current trends, impact, and company level data which enables us to focus our ESG lens effectively.

USSIF
PRI-Sig-Web
CDP

United Nations Principles of Responsible Investing

Analysis

We will incorporate ESG issues into investment analysis and decision-making processes.

Active

We will be active owners and incorporate ESG issues into our ownership policies and practices.

Disclosure

We will seek appropriate disclosure on ESG issues by the entities in which we invest.

Acceptance

We will promote acceptance and implementation of the principles within the investment industry.

Enhance

We will work together to enhance our effectiveness in implementing the principles.

Report

We will each report on our activities and progress towards implementing the principles.

Voting for value(s): We actively use proxy voting as a tool to encourage companies to incorporate ESG principles.

Riverwater Partners is a registered investment advisor with the state of Wisconsin. Any reference to or use of the terms “registered investment adviser” or “registered,” does not imply that Riverwater Partners or any person associated with  has achieved a certain level of skill or training.  Riverwater Partners may only transact business or render personalized investment advice in those states and international jurisdictions where we are registered, notice filed, or where we qualify for an exemption or exclusion from registration requirements. The purpose of this web site is to provide general information on our products and services only and should not be construed as a solicitation to effect, or attempt to effect, either transactions in securities or the rendering of personalized investment advice over the Internet. Any communications with prospective clients residing in states or international jurisdictions where Riverwater Partners and its advisory affiliates are not registered or licensed shall be limited so as not to trigger registration or licensing requirements. PLEASE NOTE: Links to any third party site are provided as a convenience and a link does not imply Riverwater Partners’ sponsorship or approval of any of these sites. When you access one of these web sites you are leaving Riverwater Partners’ web site.