Glenview, IL Office

RF&L Wealth Management provides investment advisory services to individuals, qualified retirement plans, trusts, charitable organizations, and small businesses, and also offers participant-directed retirement plan consulting and management of 529 college savings accounts. The firm delivers both discretionary and non-discretionary portfolio management, financial planning input, and transitional implementation plans for new clients.

The firm’s investment approach is rooted in Modern Portfolio Theory and a belief in generally efficient markets, relying principally on diversified, passively managed or evidence-based mutual funds and ETFs while permitting some individual equity holdings and direct indexing strategies. RF&L uses quantitative tools such as Monte Carlo simulations for planning, receives research and education support from Dimensional Fund Advisors, provides client reporting via the Orion platform, and may delegate fixed income trading or individualized security management to third‑party independent managers.

What distinguishes RF&L from many peers is its integrated use of third‑party solutions and arrangements: it contracts with Focus Advisor Solutions (FAS) for back‑office services and as a fixed‑income independent manager, may engage AQR as a sub‑advisor for portfolios of individual securities (with separate sub‑advisory fees), and participates in Fidelity’s Institutional Wealth Services (FIWS) platform as its primary brokerage/custody solution. The firm also discloses occasional provision of trustee or executor services by a member in a separate capacity and notes custody implications (including an annual surprise examination) when a related person serves as trustee.