RWC for Life
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$30,135,000
Clients
97
Advisors
2
of 2 employees
About
RWC For Life provides comprehensive financial planning, targeted financial consulting, and ongoing investment management to individuals, high-net-worth individuals, and corporate entities. As of January 8, 2026 the firm reported managing about $30.2 million in discretionary assets across roughly 97 client relationships and offers both written comprehensive plans and hourly consulting engagements.
The firm creates customized portfolios and also uses model portfolios accessed through Altruist’s Model Marketplace, acting either as the primary manager or as a co-adviser to third-party investment advisers; accounts are managed on a discretionary basis with periodic rebalancing and at least annual reviews. Financial planning and consulting engagements are non-discretionary, with client objectives and any investment restrictions documented before recommendations are implemented.
Notable disclosures in the brochure include that the firm’s principal is a licensed insurance agent and owner of Steward Financial Services, Inc., and may recommend insurance products that generate separate commissions, with stated policies intended to mitigate related conflicts of interest. The firm also maintains institutional relationships with Altruist and Schwab—receiving technology, research, and other support (including Altruist support tied to maintaining certain asset thresholds)—which the brochure identifies as an economic incentive to use those custodians.
Client services
Expertise
Fee options
$500 to $10,000 for comprehensive financial planning services, fixed fee
0.10% to 2.00% annually (negotiable)
$250 per hour for consulting services
Main office
2020 Calamos Court, Suite 200
Naperville IL 60563
Advisors at this office
2
Most active in
Florida · Illinois · Texas
Also doing business as
Retire With Confidence For Life, LLC · Rwc For Life
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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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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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.
Forms ADV
Quick links
Advisors at this firm
David B
CFP®, Series 63, Series 65
Naperville, IL
RWC for Life
David Bankston is a CFP® with 26 years of industry experience. He is currently with RWC for Life and has held roles at Simplicity Wealth, LLC, FSC Securities Corp, and has operated Bankston Wealth Management, Inc. since 1999. In addition to his advisory work, he manages an accounting firm, David A Bankston CPA, LLC. RWC for Life provides comprehensive financial planning, consulting, and discretionary investment management to individuals, high-net-worth clients, and corporate entities. The firm offers customized and model portfolios with regular reviews, serving about 97 client relationships and managing approximately $30.2 million in assets.
Michael F
Series 63, Series 65
Naperville, IL
RWC for Life
Michael Fry is a financial advisor at RWC For Life with 23 years of industry experience. He holds Series 63 and Series 65 licenses and has worked at Steward Financial Services, Inc. since 1993. Fry also creates financial education content through his business, Dashing Upward. RWC For Life provides comprehensive financial planning, targeted consulting, and investment management to individuals, high-net-worth clients, and corporate entities. The firm manages approximately $30 million in discretionary assets and offers customized and model portfolios with regular reviews.
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