RK Asset Management provides portfolio management for individuals and small businesses.
RK Asset Management reports 81 clients. They include 32 high-net-worth individuals, 25 individual clients and 24 other investment advisers. Of its assets, 100.0% ($107M across 134 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 31% | 5% |
| High-net-worth individuals | 40% | 58% |
| Other investment advisers | 30% | 38% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 25 | $4.88M | 4.6% | $195K |
| High-net-worth individuals | 32 | $61.6M | 57.6% | $1.93M |
| Other investment advisers | 24 | $40.5M | 37.9% | $1.69M |
| Total | 81 | $107M | 100% | $1.32M |
- Clients
- 25
- Regulatory AUM
- $4.88M
- AUM share
- 4.6%
- Avg. per client
- $195K
- Clients
- 32
- Regulatory AUM
- $61.6M
- AUM share
- 57.6%
- Avg. per client
- $1.93M
- Clients
- 24
- Regulatory AUM
- $40.5M
- AUM share
- 37.9%
- Avg. per client
- $1.69M
Total
- Clients
- 81
- Regulatory AUM
- $107M
- AUM share
- 100%
- Avg. per client
- $1.32M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
RK Asset Management charges 1.50%–2.00% a year for its Portfolio Management Services. The fee is billed in advance and is negotiable.
Fee details and sources
Raja Elachkar owns 75% or more of RK Asset Management. The leadership team of RK Asset Management includes Chief Compliance Officer Raja Elachkar. It has 1 employee.
Leadership
- Raja ElachkarChief Compliance Officer, Managing Member
Investment adviser representatives
1 representatives listed in the SEC register as of 9 October 2026.
Staff
- 1 employee
- 1 in advisory functions
- 1 state-registered rep
- Owns 75% or more of RK Asset Management, LLC
Raja Elachkar
Control person · since January 1997
RK Asset Management’s regulatory assets grew from $95.1M (January 2021) to $107M (January 2026); clients fell from 90 to 81 and employees were 1 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| January 2026 | $107M | 81 | 1 | 1 |
| January 2025 | $123M | 90 | 1 | 1 |
| January 2024 | $122M | 82 | 1 | 1 |
| January 2023 | $106M | 82 | 1 | 1 |
| January 2022 | $115M | 82 | 1 | 1 |
| January 2021 | $95.1M | 90 | 1 | 1 |
Besides its headquarters, RK Asset Management has 0 offices, with 1 listed address with no US state reported.
Other business names
RK Asset Management has reported 1 other business name to the SEC.
- RK Asset Management
Contact and registration details
- Legal name
- RK Asset Management, LLC
- Headquarters
- Not reported
- Website
- rkam.com
- Phone
- 313-343-9061
- SEC file
- 801-78999
- Structure
- Michigan LLC
- Fiscal year end
- December
RK Asset Management uses Charles Schwab ($66.5M, 65%) and Wells Fargo Advisors Financial Network ($36.2M, 35%) as custodians for its separately managed accounts. RK Asset Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Dallas, TX · $66.5M65%
- Wells Fargo Advisors Financial NetworkWells Fargo Advisors Financial Network, LLC · St Lous, MT · $36.2M35%
At year end, RK Asset Management’s separately managed accounts were mostly in stocks (98%).
What the accounts hold
- Stocks98%
- Cash2%
How many clients does RK Asset Management have?
RK Asset Management has 81 clients and manages $107 million for them, as of January 2026. They include 32 high-net-worth individuals, 25 individual clients and 24 other investment advisers.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 22 January 2026
What services does RK Asset Management offer?
RK Asset Management provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does RK Asset Management charge?
RK Asset Management charges 1.50%–2.00% a year for its Portfolio Management Services. The fee is billed in advance and is negotiable.
Source: RK ASSET MANAGEMENT LLC ADV BROCHURE, filed 22 January 2026
Which custodians does RK Asset Management use?
RK Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Dallas, TX), with $66.5M and Wells Fargo Advisors Financial Network, LLC (St Lous, MT), with $36.2M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 22 January 2026
How many financial advisors does RK Asset Management have?
RK Asset Management has 1 investment adviser representative registered with state securities authorities, out of 1 employees, and 1 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 RK Asset Management invest in?
At the end of its last fiscal year, RK Asset Management’s separately managed accounts held 98% exchange-traded equities and 2% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns RK Asset Management?
RK Asset Management’s direct owner is Raja Elachkar (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 22 January 2026
How does RK Asset Management get paid?
RK Asset Management is paid through a percentage of assets under management. 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 RK Asset Management?
Its phone number is 313-343-9061. Its website is rkam.com.