Rm Financial Services, LLC
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Overview
Rm Financial Services, LLC is a financial advisory firm based at 219 Nw 12Th Street, Delray Beach, Florida, 33444. The firm is registered in Florida, Maine, Massachusetts, New Hampshire, and Virginia, but it is not a registered broker dealer.
Rm Financial Services, LLC manages $172.4 million in assets under management (AUM) across 872 accounts, all of which are managed on a discretionary basis. This indicates that the firm's financial advisors have the authority to make investment decisions on behalf of their clients without requiring prior approval.
The firm employs 3 financial advisors. In the last fiscal year, the firm provided financial planning services to a number of clients ranging between 26 and 50. The firm offers financial planning services and portfolio management for individuals and small businesses.
Rm Financial Services, LLC has affiliations in the financial industry with a broker-dealer or securities dealer, and an accountant or accounting firm. The firm operates on asset-based, hourly, and fixed fee structures and does not participate in a wrap fee program.
The firm caters to a variety of investors, including retail investors, high net worth investors, charitable organizations, corporations, and others. The majority of the firm's clients are retail investors, and it also serves 26 high net worth clients.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Rm Financial Services, LLC by the Numbers
$172.4 million
6
872
$197.7 thousand
Products and Services
Financial services provided by Rm Financial Services, LLC can include financial planning services and portfolio management for individuals and small businesses. In the past financial year, it provided 26-50 of its clients with financial planning services. Rm Financial Services, LLC is involved in selling products or offering services apart from investment advice to its clients. Rm Financial Services, LLC is affiliated with a number of other service providers in the financial services industry, including with a broker-dealer or securities dealer and accountant or accounting firm.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Financial management fees typically are based on which services are offered. Fees charged by the company most likely include some blend of the following fee types: asset-based, hourly or fixed. The company does not supply a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The firm manages money for a number of different clients. The company caters to retail investors, high net worth investors, charitable organizations, corporations and other. Out of its 872 customers, Rm Financial Services, LLC's largest client by number of accounts is retail investors, but it also serves 90 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 under management or a net worth of at least $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts reside abroad.
- High-Net-Worth Individuals* - 25.57%
- Other Individuals - 73.01%
- Corporations - 1.14%
- Charitable Organizations - 0.28%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Rm Financial Services, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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