RF&L Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and retirement plan services.
RF&L Wealth Management reports 143 clients. They include 77 high-net-worth individuals, 59 individual clients, and 5 corporations and other businesses. Of its assets, 92.5% ($352M across 444 accounts) are managed with discretion; $28.7M across 19 accounts are not. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 41% | 6% |
| High-net-worth individuals | 54% | 90% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | 2% |
| Corporations and other businesses | 3% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 59 | $23.9M | 6.3% | $404K |
| High-net-worth individuals | 77 | $341M | 89.5% | $4.43M |
| Pension and profit-sharing plans | Fewer than 5 | $901K | 0.2% | $901K |
| Charitable organizations | Fewer than 5 | $6.02M | 1.6% | $6.02M |
| Corporations and other businesses | 5 | $9.1M | 2.4% | $1.82M |
| Total | 143 | $381M | 100% | — |
- Clients
- 59
- Regulatory AUM
- $23.9M
- AUM share
- 6.3%
- Avg. per client
- $404K
- Clients
- 77
- Regulatory AUM
- $341M
- AUM share
- 89.5%
- Avg. per client
- $4.43M
- Clients
- Fewer than 5
- Regulatory AUM
- $901K
- AUM share
- 0.2%
- Avg. per client
- $901K
- Clients
- Fewer than 5
- Regulatory AUM
- $6.02M
- AUM share
- 1.6%
- Avg. per client
- $6.02M
- Clients
- 5
- Regulatory AUM
- $9.1M
- AUM share
- 2.4%
- Avg. per client
- $1.82M
Total
- Clients
- 143
- Regulatory AUM
- $381M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
RF&L Wealth Management charges 0.80%–1.25% a year for its Investment management services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
| Asset band | Annual rate |
|---|---|
| $0–$200K | 1.25% |
| $200K–$1M | 1.00% |
| $1M–$2.5M | 0.90% |
| $2.5M and above | 0.80% |
Fee details and sources
Andrew Hass owns 50% to 75% of RF&L Wealth Management. The leadership team of RF&L Wealth Management includes President Ryan Hass and Chief Compliance Officer Andrew Hass. It has 3 employees.
Leadership
- Ryan HassMember & Co-President
- Andrew HassMember, Co-President, & Chief Compliance Officer
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Andrew Walpert Hass
- Rodney William Hass
- Ryan Walpert Hass
Staff
- 3 employees
- 3 in advisory functions
- 3 state-registered reps
- Owns 50% to 75% of RF&L Wealth Management, LLC
Andrew Hass
Control person · since February 2017
- Owns 50% to 75% of RF&L Wealth Management, LLC
Ryan Hass
Control person · since February 2017
RF&L Wealth Management’s regulatory assets grew 1.8× from $210M (June 2021) to $381M (August 2026); clients rose from 119 to 143 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $381M | 143 | 3 | 3 |
| March 2025 | $325M | 136 | 3 | 3 |
| March 2024 | $287M | 133 | 3 | 3 |
| March 2023 | $241M | 132 | 3 | 3 |
| July 2022 | $242M | 126 | 3 | 3 |
| June 2021 | $210M | 119 | 3 | 3 |
Besides its headquarters, RF&L Wealth Management has 2 offices (2 private residences, listed without an address), with 1 listed address in Massachusetts.
Massachusetts · 1 listed address
- 525 Massachusetts Avenue, Suite 205, ActonHQ
Contact and registration details
- Legal name
- RF&L Wealth Management, LLC
- Headquarters
- 525 Massachusetts Avenue, Suite 205, Acton, MA 01720
- Website
- rflwealth.com
- Phone
- 978-263-3435
- @rf&l-wealth-management
- SEC file
- 801-66710
- Founded
- 2006
- Structure
- Massachusetts LLC
- Fiscal year end
- December
RF&L Wealth Management uses Fidelity ($378M) as custodian for its separately managed accounts. RF&L Wealth Management has custody of $172M in client assets for 52 clients.
- FidelityNational Financial Services LLC · Boston, MA · $378M100%
At year end, RF&L Wealth Management’s separately managed accounts were mostly in funds (65%) and stocks (17%). Its reported 13F holdings for the quarter ended 30 June 2026 total $148M across 50 positions; the largest are Dimensional ETF Trust (13.7%), Dimensional ETF Trust (8.5%) and Dimensional ETF Trust (8.1%).
What the accounts hold
- Stocks17%
- Funds65%
- Bonds4%
- Cash13%
Filed values cover 99%. The neutral 1% gap has no reported category.
Reported 13F holdings
- $148M
- Reported 13F value
- 50
- Positions
- 65.2%
- In the 10 largest
- +10.7%
- Value vs. prior quarter
- Dimensional ETF Trust · US Targeted Vlu13.7%
- Dimensional ETF Trust · US Cor Equ 2 ETF8.5%
- Dimensional ETF Trust · US Equi Mark ETF8.1%
- Dimensional ETF Trust · US Mktwide Value7.4%
- Vanguard BD Index Fds · Short Trm Bond6.5%
- Dimensional ETF Trust · US Small Cap ETF5.1%
- Dimensional ETF Trust · Internatnal Val4.6%
- Vanguard Index Fds · S&P 500 ETF Shs4.3%
- Vanguard Index Fds · Total Stk Mkt3.6%
- Vanguard Index Fds · SM CP Val ETF3.5%
Together, the ten largest are 65.2% of reported value.
How many clients does RF&L Wealth Management have?
RF&L Wealth Management has 143 clients and manages $381 million for them, as of August 2026. They include 77 high-net-worth individuals, 59 individual clients, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 August 2026
What services does RF&L Wealth Management offer?
RF&L Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, selecting other managers, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does RF&L Wealth Management charge?
RF&L Wealth Management charges 0.80%–1.25% a year for its Investment management services. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Which custodians does RF&L Wealth Management use?
RF&L Wealth Management’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $378M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 August 2026
How many financial advisors does RF&L Wealth Management have?
RF&L Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 3 employees, and 3 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does RF&L Wealth Management invest in?
At the end of its last fiscal year, RF&L Wealth Management’s separately managed accounts held 65% registered funds (mutual funds, ETFs, BDCs), 17% exchange-traded equities, 13% cash and equivalents and 4% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns RF&L Wealth Management?
RF&L Wealth Management’s direct owners are Andrew Hass (50% to 75%) and Ryan Hass (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 11 August 2026
How does RF&L Wealth Management get paid?
RF&L Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact RF&L Wealth Management?
RF&L Wealth Management’s main office is at 525 Massachusetts Avenue, Suite 205, Acton, MA 01720. Its phone number is 978-263-3435. Its website is rflwealth.com.