Rk Asset Management, LLC (Grosse Pointe Farms)

Name: Rk Asset Management, LLC
Address: 98 B Kercheval, Grosse Pointe Farms, MI, 48236
Telephone: 313-647-4717

Rk Asset Management, LLC is a large advisory firm based in Grosse Pointe Farms. It manages $105.25 million of regulatory assets for 164 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Michigan and Texas.

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

Rk Asset Management: assets under management

The assets under management (AUM) of Rk Asset Management, LLC is $105.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 99% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $105.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $641.74 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Rk Asset Management, LLC for their services and products based on a percentage of assets under management. 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 Rk Asset Management serves?

The firm provides services to individuals, other investment advisers, and high net worth individuals. The largest group of clients of Rk Asset Management is high net worth individuals with 53 clients and $62.31 million of assets under management. Among the 11 most similar advisory firms, Rk Asset Management has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $105.25 million for 100 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.

Rk Asset Management doesn't advise any private funds.

Careers at Rk Asset Management, LLC

The company employs 1 person that is either a part- or full-time employee. 100 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
Raja August Elachkar	Chief compliance officer, managing member	1 Jan 1997	75% - 100%	2716679

Based in Grosse Pointe Farms

The principal office where Rk Asset Management, LLC performs its advisory services is located at 98 B Kercheval, Grosse Pointe Farms, MI 48236, 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 313-647-4717. The normal business hours are 9am - 4:30pm on Monday - Friday. You can find more information about the New York firm at rkam.com.