Reserve Fund Advisers
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$999,999
Clients
8
0% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
8
Very LowAverage account size
$125,000
About
Reserve Fund Advisers provides financial planning, investment monitoring and consulting, and specialized investing strategies for condominium and homeowners’ association reserve funds, while also serving individuals, trusts, estates, charitable organizations and business entities. The firm documents a range of planning services — cash flow, retirement and education savings analyses — and offers educational seminars targeted to condominium/HOA members and boards.
The brochure describes an investment approach that emphasizes academic-based asset allocation, diversification and tax-awareness and notes the use of both fundamental and technical analysis, with strategies that include long- and short-term purchases, trading, margin, short sales and covered options. RFA Advisers states it can manage accounts with client-approved discretionary authority and delivers advice through assets-under-advisement arrangements as well as hourly planning engagements.
What stands out compared with many peers is the explicit focus on converting reserve studies into “asset retirement plans” for associations and the provision of no-cost educational seminars for HOA stakeholders, services the firm highlights throughout its brochure. The brochure also presents illustrative fee calculations and discloses receipt of research and institutional support from providers such as SEI and SIMC, while noting the firm does not accept performance-based fees and does not vote proxies on clients’ behalf.
Client services
Financial planning
Portfolio management
Educational seminars or workshops
Expertise
College savings (529s, UTMA, etc.)
Cash flow / budgeting
Occupation focus
Retired
Fee options
$50,000 - $750,000: 1.00% $750,001 - $1,500,000: 0.85% $1,500,001 - $3,000,000: 0.70% $3,000,001 - $5,000,000: 0.55% $5,000,001+: 0.40%
Possible commissions depending on contract, not specifically detailed
Minimum hourly rate of $250, billed in 15-minute increments
Account minimum: $50,000 Fee-only: Hourly fees at a minimum rate of $250 per hour, billed in 15-minute increments
Most active in
Reserve Fund Advisers has reported serving >5 clients in these states in the last 12 months.
Florida · Illinois
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
Forms ADV
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