# Riverbend Capital Advisors

Riverbend Capital Advisors is a Bank / Wealth / Trust based in Chicago, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Chicago, United States
- **Region:** North America
- **Address:** 191 North Wacker Drive, Suite 875, Chicago, IL 60606, United States
- **Founded:** 2011
- **Assets under management:** Undisclosed
- **Website:** www.riverbendcapitaladvisors.com

## Regulatory record

- **CRD number:** 157117
- **SEC file number:** 801-72250
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-31T05:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/157117

## About

Riverbend Capital Advisors is a boutique fixed income manager and Registered Investment Advisor specializing in the U.S. municipal bond market. It employs a proactive, tactical active relative value approach designed to capitalize on municipal market inefficiencies and deliver customized separately managed accounts. Portfolios are tailored to each client's tax profile, risk tolerance, and investment goals, serving high net worth individuals, financial advisors, family offices, and select institutional clients.

## Sectors

- Private Credit

## People

- Thomas R. Hession, Jr. — Founder & Managing Partner
- Timothy McGregor, CFA — Managing Partner

## Questions

### Who runs investment decisions at Riverbend Capital Advisors?

Managing Partner Timothy McGregor, a 30-year municipal-bond veteran and CFA charterholder, oversees investment strategies and portfolio management. He was previously Director of Municipal Fixed Income at Northern Trust and earned Institutional Investor's Municipal Fixed Income Manager of the Year in 2013 and 2014, per the firm's website. Founder Thomas R. Hession, Jr. remains involved as Managing Partner.

### How does Riverbend source opportunities in the municipal bond market?

The firm's active relative-value strategy relies on a disciplined credit-research process rather than a sourcing network for private placements. Consultant John Hallacy, a 45-year industry veteran with experience at S&P Global Ratings, Merrill Lynch, and Bank of America Securities, anchors the credit-research function. The team combines Hallacy's sell-side and rating-agency lens with McGregor and Hession's institutional buy-side trading relationships.

### What type of municipal bonds does Riverbend typically target?

The firm targets high-quality tax-exempt and taxable municipal bonds, explicitly claiming its portfolios exhibit 'substantially better than market quality & sector exposures.' Its active relative-value strategy captures benefits from municipal market inefficiencies, with a focus on superior credit quality compared to broad municipal benchmarks, as stated on the firm's website.

### What regulatory or governance expertise does the firm bring beyond portfolio management?

Managing Partner Timothy McGregor has served multiple advisory terms on the Municipal Securities Rulemaking Board, the self-regulatory organization that writes rules for the US municipal securities market. This direct MSRB governance experience supplements the team's buy-side and sell-side backgrounds, giving Riverbend an unusually direct line of sight into municipal-market regulatory developments.

## Related profiles

- [River Bend Capital](https://altss.com/profile/river-bend-capital)
- [Riverbend Energy Group](https://altss.com/profile/riverbend-energy-group)

---

Last updated: 2026-08-11T15:07:57.118Z

Canonical page: https://altss.com/profile/riverbend-capital-advisors

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology