Guides › Financial Advisor Fees
Updated September 28, 2026. Quick answer: Old Second Wealth Management discloses a tiered schedule starting at 1.00% in its Form ADV Part 2A (March 4, 2026). Converted to dollars, that runs $5,000 a year on a $500,000 account; see the full table below for $250,000, $1 million and $2 million.
The published numbers
From the Form ADV Part 2A (March 4, 2026): “Our fee for portfolio management services is based on a percentage of the assets in your account and is set forth in the following annual fee schedule: Annual Fee Schedule Assets Under Management Annual Fee First $1,000,000 1.00% Next $1,000,000 0.80% Next $3,000,000 0.70% Over $5,000,000 0.50%”
Note: CRD 153537 is ACTIVE and SEC registered per a live IAPD lookup performed this session (isSECRegistered: Y, iaScope: ACTIVE). The firm’s current registered legal name is River Street Advisors, LLC, doing business as Old Second Wealth Management, a subsidiary of Old Second National Bank. The firm’s own brochure states $520,799,829 in discretionary and $18,429,376 in non-discretionary client assets as of December 31, 2025, for total assets under management of roughly $539.2 million. The priced schedule is the firm’s core Portfolio Management Services program for individual and high-net-worth clients. The brochure separately states that RSA generally requires a minimum account value of $250,000 for discretionary accounts and describes this as producing an implied minimum annual fee of $2,500, which is applied here as a disclosed floor on the annual dollar charge.
- First $1,000,000: 1.00%
- Next $1,000,000: 0.80%
- Next $3,000,000: 0.70%
- Over $5,000,000: 0.50%
Minimum annual fee: $2,500.
What you would pay
| Account balance | Annual fee (dollars) | Effective rate |
|---|---|---|
| $250,000 | $2,500 | 1.00% |
| $500,000 | $5,000 | 1.00% |
| $1,000,000 | $10,000 | 1.00% |
| $2,000,000 | $18,000 | 0.90% |
At $250,000 the tiered schedule prices at the first bracket’s one percent, for $2,500 a year, which matches the brochure’s own stated implied minimum annual fee; at $500,000 and $1,000,000 the balance still sits within the first $1,000,000 bracket, holding the rate at one percent. At $2,000,000 the marginal brackets step down: the first $1,000,000 prices at one percent and the next $1,000,000 fills the second bracket in full at 0.80 percent, for a combined $18,000 a year.
How this compares
Our benchmark of published adviser fee schedules puts the weighted median annual cost near $2,000 to $2,500 on $250,000 (the benchmark). At $500,000, Old Second Wealth Management’s own published rate runs $5,000 a year.
Comparing Old Second Wealth Management against a full move? Read the general mechanics of switching financial advisors, or use a dated termination letter once you decide.
Compare your next step
Just comparing fees? Keep reading the fee guide.Optional next step
Explore an adviser match
Compare the services and the full fee before deciding whether to hire anyone.
- No fee to request a match
- No obligation to hire
Expect questions about your situation, your name, email and phone, and phone verification by text. A match is not guaranteed.
The form is run by Kapitalwise, our advisor-matching partner. Kapitalwise sends your details to advisers who pay for the introduction, so expect calls and texts. Clear Money Guide is paid when you submit the form, whether or not you ever hire anyone. This is free to you and there is no obligation to hire anyone.
Opens here. Nothing loads and nothing reaches Kapitalwise until you press the button.
How our partner relationships workCompare an adviser match before you decide
Ask about the full fee, what it covers and how the adviser is paid. A match is an introduction, not a recommendation from Clear Money Guide.
- Free matching service
- No obligation to hire
The matching service is run by WiserAdvisor, an independent advisor-matching company. It opens on their site, asks for your ZIP code and a few questions, and matches you with 2 to 3 vetted advisors. It is free to you. WiserAdvisor states the service is built for portfolios of $250,000 and above. By submitting, you consent to emails, phone calls and text messages from WiserAdvisor and up to three advisors, so expect to be contacted. Advisers pay for the introduction. Clear Money Guide is paid when you complete the form, whether or not you ever hire anyone. There is no obligation to hire anyone.
Continue to WiserAdvisorOpens on WiserAdvisor’s site in a new tab.
Source: WiserAdvisor’s service descriptionSources
- Form ADV Part 2A (March 4, 2026): https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1014367
- SEC Investment Adviser Public Disclosure, River Street Advisors, LLC (CRD #153537): https://adviserinfo.sec.gov/firm/summary/153537
- River Street Advisors, LLC, SEC Form ADV filing: https://reports.adviserinfo.sec.gov/reports/ADV/153537/PDF/153537.pdf
Methodology. This page was built September 28, 2026, drawing on Old Second Wealth Management’s own SEC-filed disclosure and, where cited, its published fee schedule, with sources linked above; any figure we could not independently confirm this session is named as an honest gap rather than presented as verified. Nothing here is personalized financial, tax, legal, or investment advice. See our Editorial Policy, Corrections, Affiliate Disclosure, and Disclaimer.
Thinking about leaving Old Second Wealth Management instead of pricing what you would pay to stay? See what it costs to leave, or read the general mechanics of switching financial advisors.
Weighing whether to move ahead? Read the full Old Second Wealth Management review.