Rwb Capital Management, LLC (Grand Rapids)

Name: Rwb Capital Management, LLC
Address: 750 Front Street, Grand Rapids, MI, 49504
Telephone: 616-940-9124

Rwb Capital Management, LLC is a large advisory firm based in Grand Rapids. It manages $254.32 million of regulatory assets for 332 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Maine, Michigan, and New York.

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

Rwb Capital Management: assets under management

The assets under management (AUM) of Rwb Capital Management, LLC is $254.32 million. The firm's AUM has grown by 389% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $252.39 million in discretionary accounts and $1.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $762.5 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.93 million.

Investments

The firm invests in investment and business development companies the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rwb Capital Management, 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 Rwb Capital Management 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 Rwb Capital Management is pension and profit sharing plans with 24 clients and $164.91 million of assets under management. Among the 6 most similar advisory firms, Rwb Capital Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $254.32 million for 178 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.

Rwb Capital Management doesn't advise any private funds.

Careers at Rwb Capital Management, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 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 compensates 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
Robert Wright Burnham	Member	1 Jul 2001	50% - 75%	4441528
Sandra L Burnham	Chief compliance officer	1 Jul 2001	50% - 75%	4345364
Carla Marie Dells	Member	1 Jan 2017	25% - 50%	2084545

Based in Grand Rapids

The principal office where Rwb Capital Management, LLC performs its advisory services is located at 750 Front Street, Grand Rapids, MI 49504, 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 616-940-9124 or by fax 616-975-7729. The normal business hours are 9:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at burnhamdellsadvisors.com.