# RPA Financial, LLC

> RPA Financial, LLC is an SEC-registered investment advisory firm in San Rafael, CA, registered since 2018, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.

- CRD: 294105
- Filed as: RPA FINANCIAL, LLC
- Also doing business as: FIDUCIARY-PLUS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: San Rafael, CA
- Filing period: October 2026
- Form ADV filing dated: June 29, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/294105
- AdvisorCensus page: https://advisorcensus.com/firm/rpa-financial-llc-san-rafael-ca-294105

## Quick answers

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

**Where is RPA Financial, LLC located?**
RPA Financial, LLC's principal office is in San Rafael, CA, according to its Form ADV; the July 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is RPA Financial, LLC registered with the SEC or a state?**
RPA Financial, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 294105.

**How much does RPA Financial, LLC manage?**
RPA Financial, LLC reports $10,881,431,334 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (81% discretionary).

**How have RPA Financial, LLC's assets and staff changed since 2021?**
In the Form ADV data for RPA Financial, LLC: Regulatory assets under management: $13,718,214,076 in the October 2021 data and $10,881,431,334 in the October 2026 data, down 21%. Total employees: 13 in October 2021 and 12 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does RPA Financial, LLC serve?**
By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (339).

**Does RPA Financial, 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/294105

**Does RPA Financial, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 31, 2026 says: "RPA does not impose a minimum account size to open or maintain an account."

**What changed in RPA Financial, LLC's recent Form ADV filings?**
In the July 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: None

> RPA does not impose a minimum account size to open or maintain an account.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $10,881,431,334
- Discretionary: $8,853,190,561
- Non-discretionary: $2,028,240,773

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 339 | $10,881,431,334 |

### Advisory services (Item 5.G)
- Pension consulting services

### Firm details
- Registered since: 2018 (8 years)
- Employees: 12 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, GA, IN, MI, NC, OH, PA, SC, TN
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the July 2026 filing
- Charlotte, NC

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,718,214,076 | 13 | September 10, 2021 |
| October 2022 | $3,983,320,037 | 13 | March 30, 2022 |
| October 2023 | $6,167,776,422 | 13 | March 29, 2023 |
| October 2024 | $5,251,417,811 | 13 | March 29, 2024 |
| October 2025 | $7,991,211,685 | 12 | March 31, 2025 |
| October 2026 | $10,881,431,334 | 12 | June 29, 2026 |

Regulatory assets under management: $13,718,214,076 in the October 2021 data and $10,881,431,334 in the October 2026 data, down 21%.
Total employees: 13 in October 2021 and 12 in October 2026.

## Changes in the filing (last 12 months)

### July 2026
- Updated its list of owners and control persons (Schedule A).

### May 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Regulatory assets under management went from $7,991,211,685 to $10,881,431,334 (+36%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. RPA Financial, LLC (CRD 294105): Form ADV filing data as of October 2026.