Rpc Private Wealth, LLC (Hinsdale)

Rpc Private Wealth, LLC is a large advisory firm based in Hinsdale. It manages $101.76 million of regulatory assets for 455 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Illinois and Texas.

Rpc Private Wealth provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Rpc Private Wealth: assets under management

The assets under management (AUM) of Rpc Private Wealth, LLC is $101.76 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $98.61 million in discretionary accounts and $3.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $282.56 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $29.72 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rpc Private Wealth, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Rpc Private Wealth serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Rpc Private Wealth is individuals with 172 clients and $57.35 million of assets under management. Among the 8 most similar advisory firms, Rpc Private Wealth has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $101.76 million for 207 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Rpc Private Wealth doesn't advise any private funds.

Careers at Rpc Private Wealth, LLC

The company employs 4 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Edward Westrick	Managing member & chief compliance officer	1 Sep 2018	75% - 100%	3211113

Based in Hinsdale

The principal office where Rpc Private Wealth, LLC performs its advisory services is located at 120 E. Ogden Avenue, Hinsdale, IL 60521, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-887-8488 or by fax 630-887-0390. The normal business hours are 8:00am - 5:00pm on Monday - Friday.