Rcl Advisors, LLC (New York)

Name: Rcl Advisors, LLC
Address: One Grand Central Place, New York, NY, 10165
Telephone: 212-452-5900

Rcl Advisors, LLC is a large advisory firm based in New York. It manages $1.74 billion of regulatory assets for 1,205 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Connecticut, Florida, Georgia, and 6 other states.

Rcl Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, 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.

Rcl Advisors: assets under management

The assets under management (AUM) of Rcl Advisors, LLC is $1.74 billion. The firm's AUM has grown by 27% since the beginning of its operation, and $142.12 million of the total AUM is attributable to clients outside of the United States.

The firm manages $5.34 million in discretionary accounts and $1.73 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.44 million.

Rcl Advisors has custody of $180.48 million in cash and securities for 45 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is other assets, which make up 20% of the firm’s portfolio. Investments in pooled investment vehicles form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rcl Advisors, 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 Rcl Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Rcl Advisors is high net worth individuals with 116 clients and $1.21 billion of assets under management. Among the 11 most similar advisory firms, Rcl Advisors has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.74 billion for 152 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Rcl Advisors doesn't advise any private funds.

Careers at Rcl Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Barbara Joan Raasch	Member	1 Nov 2006	25% - 50%	2630066
William Joseph Cafero	Member, chief compliance officer	1 Nov 2006	25% - 50%	1949837
Gary Charles Langham	Member	1 Nov 2006	25% - 50%	2539699

Based in New York

The principal office where Rcl Advisors, LLC performs its advisory services is located at One Grand Central Place, New York, NY 10165, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-452-5900 or by fax 212-452-5910. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at rcladvisors.com.