{"url":"https://nivawealth.com/firms/rk-asset-management-121886","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/121886","regulatoryAum":107024370,"crd":"121886","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2716679","suffix":null,"lastName":"ELACHKAR","firstName":"RAJA","middleName":"AUGUST"}],"total":1,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-01-19","regulatoryAum":95067239,"clients":90,"employees":1,"offices":1},{"filedOn":"2022-01-14","regulatoryAum":115154371,"clients":82,"employees":1,"offices":1},{"filedOn":"2023-01-18","regulatoryAum":105639785,"clients":82,"employees":1,"offices":1},{"filedOn":"2024-01-11","regulatoryAum":121784155,"clients":82,"employees":1,"offices":1},{"filedOn":"2025-01-14","regulatoryAum":123460103,"clients":90,"employees":1,"offices":1},{"filedOn":"2026-01-22","regulatoryAum":107024370,"clients":81,"employees":1,"offices":1}],"secFileNumber":"801-78999","legalName":"RK Asset Management, LLC","displayName":"RK Asset Management","slug":"rk-asset-management-121886","website":"https://rkam.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Michigan limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":["RK Asset Management"],"registration":{"secApproved":"16 January 2014","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1166337.50877193,"staff":{"employees":1,"advisory":1,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":107024370,"discretionary":107024370,"discretionaryAccounts":134,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":25,"regulatoryAum":4875565},{"label":"High-net-worth individuals","clients":32,"regulatoryAum":61605673},{"label":"Other investment advisers","clients":24,"regulatoryAum":40543132}],"feePrograms":[{"role":"main","program":"Portfolio Management Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1003228","versionId":1003228,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-01-22","documentName":"RK ASSET MANAGEMENT LLC ADV BROCHURE","fee_rate_low":1.5,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:36:30.733162+00:00","documents":[{"name":"RK ASSET MANAGEMENT LLC ADV BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1003228","versionId":1003228,"submittedOn":"2026-01-22"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Dallas, TX","smaAssets":66481238},{"name":"Wells Fargo Advisors Financial Network, LLC","shortName":"Wells Fargo Advisors Financial Network","location":"St Lous, MT","smaAssets":36239019}],"custodyNote":"RK Asset Management does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Raja Elachkar","title":"Chief Compliance Officer, Managing Member","crd":"2716679"}],"ownership":[{"label":"Raja Elachkar","detail":"Chief compliance officer, managing member in the 75% or more ownership band and a control person, since January 1997."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"313-343-9061","stateRegisteredReps":1,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":98},{"label":"Cash and cash equivalents","percent":2}],"privateFunds":0},"sources":{"adv1FilingDate":"22 January 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/121886/PDF/121886.pdf","brochureDate":"22 January 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1003228","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does RK Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does RK Asset Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does RK Asset Management charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does RK Asset Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does RK Asset Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does RK Asset Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns RK Asset Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does RK Asset Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact RK Asset Management?","answer":"Its phone number is 313-343-9061. Its website is rkam.com.","source":"Form ADV Part 1A, Item 1.F, filed 22 January 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}