Park River Advisors fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed February 3, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$500/hr

“The Advisor’s hourly fee will be billed at a rate of $500 per hour and will be negotiated and agreed upon by the parties in advance.”

Annual fee

$2,500⁠-⁠$10,000/yr

“Management fees range from $2,500 to $10,000 per annum depending on the type and complexity of the investment management strategy employed as well as the size of the account or overall client relationship.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Park River Advisors bills

Payment and refund terms, quoted from the fee section of the brochure.

• “Pursuant to an investment advisory contract signed by the client, the client will pay Park River Advisors an annual management fee, payable quarterly in arrears, based on the value of portfolio assets of the account on the last business day of the quarter.”
• “New account fees will be prorated from the inception of the account to the end of the first quarter.”
• “Where Advisor agrees to charge a fixed annual fee, and pursuant to an investment advisory contract signed by the client, the client will pay Park River Advisors a fixed annual management fee, payable quarterly in advance.”

How Park River Advisors’ fees compare

• Its hourly rate of $500 is above the Illinois median of $273. 90% of the 215 other Illinois planners that publish an hourly rate charge less.
• Its annual fee of $2,500-$10,000 spans the Illinois median of $7,500. 44% of the 77 other Illinois planners that publish an annual fee charge less.

About Park River Advisors

• Firm size: 2 employees.
• Credentials named in the brochure: CFA.
• Registered as an adviser: 2022 (4 years).

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

1% a year

Clients

38

Employees

2

Works with

Individuals and high net worth individuals

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, and portfolio management for businesses and institutions

Assets managed

$45,126,000

Registered with

State securities regulators

Disciplinary disclosures

None reported

SEC CRD number

322015

Website

parkriveradvisors.com (opens in new tab)

Phone

(815) 370-0425

Can advise clients in 2 states: Illinois, Nevada

Other planners in Illinois that publish fees

• 15 Wealth Advisors LLCMundelein$250⁠-⁠$10,000/yr
• 1ST Advantage Financial Advisers, LLCLombard$200/hr
• Alo Financial PlanningMount Prospect$3,000
• Altair Advisers, LLCChicago$200⁠-⁠$500/hr
• Altman AdvisorsChicago$500/hr, $25,000
• Ameribanc CorporationHoffman Estates$500/hr, $250⁠-⁠$5,000

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