Rkl Wealth Management LLC (Lancaster)


Rkl Wealth Management LLC is a large advisory firm based in Lancaster. It manages $1 billion of regulatory assets for 998 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California, Colorado, Delaware, and 10 other states.

Rkl Wealth Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Rkl Wealth Management: assets under management

The assets under management (AUM) of Rkl Wealth Management LLC is $1 billion. The firm's AUM has grown by 159% since the beginning of its operation, and $531.5 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1 billion in discretionary accounts and $2.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.01 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $548.04 thousand.
Rkl Wealth Management has custody of $21.71 million in cash and securities for 60 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is investment and business development companies, which make up 12% of the firm’s portfolio. Investments in government bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rkl Wealth Management LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Sarah Young Fisher serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Sarah Young Fisher is high net worth individuals with 328 clients and $681.6 million of assets under management. Among the 11 most similar advisory firms, Rkl Wealth Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1 billion for 998 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.

Rkl Wealth Management doesn't advise any private funds.

Careers at Rkl Wealth Management LLC

The company employs 25 people that are either part- or full-time employees. 76 percent of the employees work as investment advisers or researchers. 17 employees are registered as investment adviser representatives with the state securities authorities.

There are 26 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Sarah Young Fisher has been acting as President since 1 Jan 2005. Theresa Ann Muller joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Rkl Llp Member 1 Jan 2005 75% - 100% 23-2108173
Sarah Young Fisher President 1 Jan 2005 Other 2192749
Rkl Llp (Fka/Reinsel Kuntz Lesher Llp) Member 1 Jan 2005 75% - 100% 23-2108173
Reinsel Kuntz Lesher Llp (Rkl) Member 1 Jan 2005 75% - 100% 23-2108173
Laurie Michele Peer Executive vice president 1 Jan 2013 Other 4239738
Stephanie Ann Connerton Chief compliance officer 1 Jan 2016 Other 3215006
Theresa Ann Muller Chief compliance officer 1 Jun 2017 Other 5853117

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Edward William Monborne Chief executive officer of rkl llp 1 Jul 2011 Other 4587333

Based in Lancaster

The principal office where Rkl Wealth Management LLC performs its advisory services is located at 1800 Fruitville Pike, Lancaster, PA 17601 The mailing address of the firm is P.O. Box 8408, Lancaster, PA 17604. An additional office of the firm is in Wyomissing, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (717) 399-1700 or by fax (717) 291-0691. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at rklwealth.com.