RMR Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
RMR Wealth Management reports 189 clients. They include 144 individual clients, 34 high-net-worth individuals, and 9 pension and profit-sharing plans. Of its assets, 94.2% ($184M across 430 accounts) are managed with discretion; $11.3M across 10 accounts are not. Of its clients, 1% are outside the U.S. It advised 5 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 76% | 20% |
| High-net-worth individuals | 18% | 69% |
| Pension and profit-sharing plans | 5% | 6% |
| Charitable organizations | 1% | 5% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 144 | $40M | 20.5% | $278K |
| High-net-worth individuals | 34 | $135M | 69.1% | $3.97M |
| Pension and profit-sharing plans | 9 | $11.3M | 5.8% | $1.26M |
| Charitable organizations | 2 | $8.97M | 4.6% | $4.49M |
| Total | 189 | $195M | 100% | $1.03M |
- Clients
- 144
- Regulatory AUM
- $40M
- AUM share
- 20.5%
- Avg. per client
- $278K
- Clients
- 34
- Regulatory AUM
- $135M
- AUM share
- 69.1%
- Avg. per client
- $3.97M
- Clients
- 9
- Regulatory AUM
- $11.3M
- AUM share
- 5.8%
- Avg. per client
- $1.26M
- Clients
- 2
- Regulatory AUM
- $8.97M
- AUM share
- 4.6%
- Avg. per client
- $4.49M
Total
- Clients
- 189
- Regulatory AUM
- $195M
- AUM share
- 100%
- Avg. per client
- $1.03M
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 5
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
RMR Wealth Management charges up to 2.50% a year for its Managed Account Program. The fee is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- General Consulting
- Project-based general consulting (cash flow, estate, benefits, insurance analysis) is billed at a fixed fee of $1,000 to $25,000, or hourly at $100 to $400 per hour.
Philip Rabinovich owns 75% or more of RMR Wealth Management. The leadership team of RMR Wealth Management includes Chief Compliance Officer Brian Mayer. It has 7 employees.
Leadership
Brian MayerChief Compliance Officer
Philip RabinovichManaging Member
Investment adviser representatives
8 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 7 in advisory functions
- 7 state-registered reps
- 5 broker-dealer reps
- 3 insurance agents
- 1 soliciting firm
- Owns 75% or more of RMR Wealth Management
Philip Rabinovich
Control person · since November 2009
RMR Wealth Management’s regulatory assets grew 1.9× from $105M (April 2021) to $195M (March 2026); clients rose from 123 to 189 and employees from 5 to 7.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $195M | 189 | 7 | 1 |
| Mar 2025March 2025 | $136M | 118 | 4 | 1 |
| Mar 2024March 2024 | $117M | 105 | 4 | 1 |
| Jun 2023June 2023 | $106M | 106 | 5 | 1 |
| Mar 2022March 2022 | $125M | 154 | 5 | 1 |
| Apr 2021April 2021 | $105M | 123 | 5 | 1 |
Besides its headquarters, RMR Wealth Management has 0 offices, with 1 listed address in 1 state.
New York · 1 listed address
- 14 Penn Plaza, Ste 1316, New YorkHQ
Contact and registration details
- Legal name
- RMR Wealth Management
- Headquarters
- 14 Penn Plaza, Ste 1316, New York, NY 10122
- Website
- rmrwm.com
- Phone
- 212-785-4377
- SEC file
- 801-70823
- Structure
- New York LLC
- Fiscal year end
- December
RMR Wealth Management’s named custodian for separately managed accounts is Charles Schwab ($146M). RMR Wealth Management has custody of $136M for 136 clients.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $146M100%
At year end, RMR Wealth Management’s separately managed accounts were largely in stocks (47%) and funds (39%).
What the accounts hold
- Stocks47%
- Exchange-traded equities46%
- Non-exchange-traded equities1%
- Funds39%
- Bonds13%
- U.S. government and agency bonds11%
- State and local bonds1%
- Investment grade corporate bonds1%
- Other1%
- Derivatives1%
How many clients does RMR Wealth Management have?
RMR Wealth Management has 189 clients and manages $195 million for them, as of March 2026. They include 144 individual clients, 34 high-net-worth individuals, and 9 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026
What services does RMR Wealth Management offer?
RMR Wealth Management provides portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does RMR Wealth Management charge?
RMR Wealth Management charges up to 2.50% a year for its Managed Account Program. The fee is negotiable.
Source: PART 2A, filed 31 March 2026
Which custodians does RMR Wealth Management use?
RMR Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $146M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026
How many financial advisors does RMR Wealth Management have?
RMR Wealth Management has 7 investment adviser representatives registered with state securities authorities, out of 7 employees, and 7 perform investment advisory functions. 5 employees are registered representatives of a broker-dealer and 3 employees are 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 RMR Wealth Management invest in?
At the end of its last fiscal year, RMR Wealth Management’s separately managed accounts held 46% exchange-traded equities, 39% registered funds (mutual funds, ETFs, BDCs), 11% U.S. government and agency bonds, 1% non-exchange-traded equities, 1% state and local bonds, 1% investment grade corporate bonds and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns RMR Wealth Management?
RMR Wealth Management’s direct owner is Philip Rabinovich (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 31 March 2026
How does RMR Wealth Management get paid?
RMR Wealth Management is paid through a percentage of assets under management 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 RMR Wealth Management?
RMR Wealth Management’s main office is at 14 Penn Plaza, Ste 1316, New York, NY 10122. Its phone number is 212-785-4377. Its website is rmrwm.com.