Rfm Financial Solutions, LLC (Mt. Pleasant)

Name: Rfm Financial Solutions, LLC
Address: 805 N. Brown St., Mt. Pleasant, MI, 48858
Telephone: 989.772.1209

Rfm Financial Solutions, LLC is a large advisory firm based in Mt. Pleasant. It manages $122.19 million of regulatory assets for 734 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Michigan.

Rfm Financial Solutions provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Rfm Financial Solutions: assets under management

The assets under management (AUM) of Rfm Financial Solutions, LLC is $122.19 million. The firm's AUM has grown by 268% since the beginning of its operation, and $482.03 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $90.12 million in discretionary accounts and $32.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $377.09 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $64.79 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 77% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 17% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rfm Financial Solutions, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rfm Financial Solutions serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Rfm Financial Solutions is high net worth individuals with 46 clients and $94.17 million of assets under management. Among the 10 most similar advisory firms, Rfm Financial Solutions has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $121.93 million for 253 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Rfm Financial Solutions doesn't advise any private funds.

Careers at Rfm Financial Solutions, LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Eugene Harter	Chief compliance officer & managing member	1 Oct 1999	Other	4466247
Robert F. Murray & Company Cpas	Parent company	1 Oct 1999	75% - 100%	38-2232047
Keith Owen Frame	Manager	1 Oct 1999	Other	5096014
Scot A. Smith	Manager	1 Oct 1999	Other	4582709
Scot Andrew Smith	Manager	1 Oct 1999	Other	4582709
Lisa Lynn Castle	Chief compliance officer	1 Aug 2000	Other	5103638

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Paul Benjamin Murray	Shareholder	1 Oct 1999	25% - 50%	5096010

Based in Mt. Pleasant

The principal office where Rfm Financial Solutions, LLC performs its advisory services is located at 805 N. Brown St., Mt. Pleasant, MI 48858, which is also the mailing address of the firm. An additional office of the firm is in Midland, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 989.772.1209 or by fax 989.772.5352. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at rfmfinancialsolutions.com.