# RF&L Wealth Management, LLC

> RF&L Wealth Management, LLC is an SEC-registered investment advisory firm in Acton, MA, registered since 2006, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated August 11, 2026.

- CRD: 140210
- Filed as: RF&L WEALTH MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Acton, MA
- Filing period: October 2026
- Form ADV filing dated: August 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/140210
- AdvisorCensus page: https://advisorcensus.com/firm/rf-and-l-wealth-management-llc-acton-ma-140210

## Quick answers

**How is RF&L Wealth Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), RF&L Wealth Management, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**Where is RF&L Wealth Management, LLC located?**
RF&L Wealth Management, LLC's principal office is in Acton, MA, according to its Form ADV.

**Is RF&L Wealth Management, LLC registered with the SEC or a state?**
RF&L Wealth Management, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 140210.

**How much does RF&L Wealth Management, LLC manage?**
RF&L Wealth Management, LLC reports $381,085,305 in regulatory assets under management in its Form ADV filing dated August 11, 2026 (92% discretionary).

**How have RF&L Wealth Management, LLC's assets and staff changed since 2021?**
In the Form ADV data for RF&L Wealth Management, LLC: Regulatory assets under management: $209,897,883 in the October 2021 data and $381,085,305 in the October 2026 data, up 82%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does RF&L Wealth Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (77); individuals (other than high net worth individuals) (59); corporations or other businesses not listed above (5).

**Which custodians does RF&L Wealth Management, LLC use?**
RF&L Wealth Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does RF&L Wealth Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/140210

**What changed in RF&L Wealth Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $325,370,704 to $381,085,305 (+17%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $381,085,305
- Discretionary: $352,398,448
- Non-discretionary: $28,686,857

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 59 | $23,864,008 |
| High net worth individuals | 77 | $341,196,521 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $900,944 |
| Charitable organizations | 1 | $6,020,510 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 5 | $9,103,322 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2006 (20 years)
- Employees: 3 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, IL, MA, NH, NJ, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- rflwealth.com
- LinkedIn @RF&L-WEALTH-MANAGEMENT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $209,897,883 | 3 | June 30, 2021 |
| October 2022 | $242,210,912 | 3 | July 19, 2022 |
| October 2023 | $241,386,627 | 3 | March 2, 2023 |
| October 2024 | $287,088,356 | 3 | March 25, 2024 |
| October 2025 | $325,370,704 | 3 | March 10, 2025 |
| October 2026 | $381,085,305 | 3 | August 11, 2026 |

Regulatory assets under management: $209,897,883 in the October 2021 data and $381,085,305 in the October 2026 data, up 82%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $325,370,704 to $381,085,305 (+17%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. RF&L Wealth Management, LLC (CRD 140210): Form ADV filing data as of October 2026.