Raffa Wealth Management LLC is a large advisory firm based in Washington. It manages $678.46 million of regulatory assets for 342 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of District of Columbia, Maryland, and Virginia.
Raffa Wealth Management provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, and retirement income planning. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Raffa Wealth Management LLC is $678.46 million. The firm's AUM has grown by 338% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Raffa Wealth Management LLC for their services and products based on a percentage of assets under management 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.
The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Raffa Wealth Management is charitable organizations with 71 clients and $468.28 million of assets under management. Among the 5 most similar advisory firms, Raffa Wealth Management has the highest percentage of charitable organizations out of all clients.
The amount of regulatory assets under management is $678.46 million for 124 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.
Raffa Wealth Management doesn't advise any private funds.
The company employs 7 people that are either part- or full-time employees. 71 percent of the employees work as investment advisers or researchers. 5 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.
The principal office where Raffa Wealth Management LLC performs its advisory services is located at 2020 K St., Washington, DC 20006, which is also the mailing address of the firm. An additional office of the firm is in Rockville, MD. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 202-955-6734 or by fax 202-318-5926. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at raffawealth.com.