Our Story
White River Capital Advisors is a boutique investment advisory firm that provides investment advisory, consulting and administrative services. The firm is driven by a passion for challenging the status quo by providing an investment perspective that combines academic research with our principles and values.
White River Capital Advisors was launched in the spring of 2020 by Stephen Rowe and Caleb Rawson with the desire to provide a unique investment perspective based on academic research and guided by their Christian principles and values. They launched the first investment fund in 2021 that targeted a narrow group of investors who shared their principles and appreciated the investment approach. Since inception, White River Fund has continued to expand its investor base by partnering with select individuals and foundations that share its values and appreciate its unique perspective. White River Capital Advisors remains committed to our core principles, confident in our underlying strategy, and eager to partner with new clients to help them achieve their investment objectives.
Our People
Stephen Rowe, PhD CPA
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Dr. Rowe leads investor relations and provides general business and non-investment advisory consulting services. Dr. Rowe has over 20 years of experience in accounting and finance. He received a PhD from the University of Illinois at Urbana-Champaign, a Master's of Science degree from Loyola University, Chicago, and a Bachelor's of Science degree from Covenant College. He currently holds an associate professorship at the University of Arkansas, where he teaches accounting and conducts research in financial statement audits, corporate governance, and financial reporting. He also remains active in consulting work on accounting, auditing and financial reporting issues. Dr. Rowe’s professional experience includes auditing and banking. He was employed at KPMG for 6 years. At KPMG he managed and performed audits of public and non-public companies, including companies listed in the S&P 500 Index. While principally focused on banking and the financial services sector, he also participated in auditing retail and manufacturing companies. Within banking, Dr. Rowe worked as a commercial banking associate where he was responsible for supervising credit analysts and developing financial packages for retail and manufacturing companies. Dr. Rowe is licensed as a Certified Public Accountant in Washington state.
Caleb Rawson, PhD
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Dr. Rawson leads the investment and advisory function as the principal Investment Advisor. Dr. Rawson holds a Bachelor's of Science degrees in Accounting and Business Administration from Colorado Christian University and a PhD in Accounting from the University of Colorado Boulder. Dr. Rawson has been a professor at the University of Arkansas since 2018. His research largely focuses on index funds, capital markets, and how accounting information and disclosures influence market participants. He brings his research expertise to the team by focusing on trading strategies that bring together current academic research with cutting edge portfolio management practices. Dr. Rawson is FINRA Series 65 (Uniform Investment Advisor Law) examination qualified and is registered as an Investment Adviser Representative of White River Capital Advisors, LLC, an Arkansas Registered Investment Advisor.