Relative Value Partners, LLC

Relative Value Partners Group, LLC, established in Northbrook, Illinois, is a Registered Investment Adviser specializing in discretionary investment management services for various clients, including individuals, pension and profit-sharing plans, trusts, estates, charitable organizations, and corporations. The firm primarily offers fee-based services, including sub-advisory roles for third-party money managers' client accounts. RVP's investment strategies focus on closed-end funds, ETFs, and mutual funds, with a Durable Opportunities strategy emphasizing alternative securities like BDCs, preferred stock, and syndicated loans. The firm also provides ERISA fiduciary services, acting in the best interests of clients under specific federal regulations. RVP offers both discretionary and non-discretionary asset management services, including financial counseling and wealth management. The firm is a fiduciary under ERISA and the IRC, ensuring clients' rights and interests are protected. RVP's fee structure is based on a percentage of assets under management, varying by strategy and asset class. The firm also offers private fund investments and financial solutions through affiliated entities. RVP does not receive performance-based fees and maintains a transparent approach to client referrals, custody, and voting client securities. The firm's code of ethics ensures compliance with securities laws and ethical standards. RVP's brokerage practices prioritize best execution and client interests, with a focus on Fidelity and Schwab as custodians. The firm discloses any potential conflicts of interest related to client referrals, custody, and compensation arrangements. RVP's proxy voting policies prioritize clients' best interests and transparency in decision-making. The firm does not solicit prepayment of fees exceeding $1,200 per client, six months in advance. No disciplinary information or financial issues are reported for RVP or its principals.