RLMS Business Consultants
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
About
RLMS Business Consultants provides discretionary portfolio management and related advisory services to individuals, small businesses and trust funds, along with retirement advice, college savings guidance, and charitable and legacy planning. The firm notes that more than 80% of its clients are women and requires a $250,000 minimum to open an account.
The firm’s investment process combines fundamental analysis with Modern Portfolio Theory to establish model portfolios through an initial interview that assesses time horizon, risk tolerance and income needs. Portfolios are implemented primarily with low‑cost ETFs, no‑load mutual funds, stocks and short‑dated fixed income (FDIC‑insured CDs and Treasuries with maturities generally no longer than five years), with quarterly reviews and rebalancing and discretionary trading authority for day‑to‑day management.
RLMS distinguishes itself from many peers by explicitly targeting and educating women investors — including sponsoring a free seminar titled “Women and Investing: Taking Control of your Financial Future” — and by managing accounts for small businesses and trusts in addition to individual clients. The firm also performs unrelated computer and business consulting work (reported under 20 hours per week and less than half of revenue), an additional business activity that is uncommon for similarly sized independent advisers.
Client services
Expertise
Demographic focus
Fee options
$0 - $1,000,000: 1.00% $1,000,001 - $2,000,000: 0.75% $2,000,001 - $4,000,000: 0.55% $4,000,001 - $6,000,000: 0.40% $6,000,001 - $10,000,000: 0.25% Over $10,000,000+: 0.20%
$75/hour to $200/hour based on complexity and scope
Account minimum: $250,000
Main office
Catonsville MD
Advisors at this office
1
Most active in
Maryland
Also doing business as
Biniak, Richard Lawrence Jr · Rlms Business Consultants
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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