Rmr Wealth Management
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Overview
Rmr Wealth Management operates as an advisory company that has its headquarters in New York, New York. The company handles $106.4 million in assets over 226 customer accounts, making it a mid-tier investment advisory firm in the United States by assets under management (AUM). The company has a small group, including 4 financial advisors. Rmr Wealth Management is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable fiscal assets like bonds, options and stocks.
Rmr Wealth Management administers the majority of the firm's client assets in a discretionary manner. Discretionary management means that buy and sell judgments for the client's account are made by a portfolio manager without needing client authorization. Rmr Wealth Management also has nine non-discretionary accounts with a total of $7.9 million in assets. The investment advisory firm's typical account size is $470,740. The typical advisor at Rmr Wealth Management administers about 57 client accounts, making it about average in terms of personalization.
The firm's headquarters is located at 655 Third Avenue, New York, New York 10017. The firm is allowed to serve investors across a number of states, including Connecticut, Florida, Indiana, Massachusetts, New Jersey, New York and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Rmr Wealth Management by the Numbers
$106.4 million
5
226
$470.7 thousand
Products and Services
Rmr Wealth Management offers a number of financial services, including portfolio management for individuals and small businesses, portfolio management for institutional clients and selection of other advisers. Notably, Rmr Wealth Management did not provide financial planning services to any of its clients in the prior fiscal year. The company does not sell products or offer services aside from investment advice to its investment advisory accounts.
Core Advisor Services
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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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Offered by 20% of firms
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 advisory fees largely vary depending on which services the firm provides the client. Fee types billed by the company most likely consist of some blend of the following fee structures: asset-based or fixed. Rmr Wealth Management does not provide a wrap fee program, in which the firm 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 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
It works with retail investors, high net worth investors and pension plans. Out of its 226 accounts, Rmr Wealth Management's biggest client type by number of accounts is retail investors, but it also serves 24 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an individual who has at least $750,000 under management or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are from outside of the U.S.
- High-Net-Worth Individuals* - 22.64%
- Other Individuals - 69.81%
- Corporations - 7.55%
- Charitable Organizations - 0%
* 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
Rmr Wealth Management does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Rmr Wealth Management
New York, NY
Clifton Park, NY
New York, NY
New York, NY
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