Riverside Investment Management

Larry D. Spears serves as President and Chief Investment Officer and has led the firm's investment committee since its founding. He remains directly involved in portfolio construction and security selection for client accounts. The firm does not publicly disclose a broader investment committee structure, but regulatory filings confirm Spears as the central decision-maker.

Riverside operates as an independent registered investment adviser, not a family office. It serves multiple external clients — including individuals, trusts, and institutions — through separately managed accounts rather than managing the capital of a single family.

Riverside manages assets exclusively through separately managed accounts. The firm does not sponsor a mutual fund, ETF, or private commingled vehicle. This structure allows clients to retain direct ownership of underlying securities and enables portfolio customization around individual tax and income circumstances.

The firm employs a concentrated, bottom-up equity strategy holding 25–35 large-cap domestic stocks selected through fundamental analysis. Its fixed-income strategy uses laddered municipal and corporate bond portfolios designed for principal preservation and tax efficiency. Riverside does not publicly disclose tactical allocation shifts, but its ADV filings indicate a long-only, low-turnover posture.

Based on its regulatory filings, Riverside serves high-net-worth individuals, trusts, estates, and institutional clients, with a geographic concentration in Georgia and the broader Southeast. The firm's separate-account minimums and customized tax management suggest a client base oriented toward wealth preservation rather than aggressive accumulation.

Riverside's adherence to individually managed concentrated portfolios with direct security ownership distinguishes it from firms that have adopted model-based unified managed accounts or proprietary fund platforms. Its continuity of leadership under Larry Spears for over 30 years further differentiates it from multi-advisor practices where portfolio decisions are layer-caked across central investment committees and field advisors.

Larry Spears' full professional background before founding Riverside is not detailed in public filings. His ADV discloses a career in investment management predating Riverside's establishment. The firm's longevity and his continuous CIO tenure suggest a career built on direct portfolio management rather than a transition from adjacent financial services roles.