RFL provides management services called (“RFL Advisor Program”) or “Advisor
Program”) with RBC Correspondent Services (“RBC”) offering back-office support.
As of December 31, 2023, RFL has $90,878,916.00 of assets under
management. All portfolios are managed on a discretionary basis.
RFL’s Investment Advisor Representative (“IA Rep” or “Financial Consultant” in
accordance with the Advisor Program Agreement) conducts an initial interview and
data-gathering questionnaire to determine the client's financial situation and
investment objectives, and to give the client the opportunity to impose reasonable
restrictions on the management of the account. Clients could leave standing
instructions with the IA Rep to refrain from investing securities or types of securities or
invest in limited amounts of securities. The IA Rep recommends a portfolio that may
consist of stocks, bonds, mutual funds, options, CDs, ETFs, and US government
securities. Based on client need, other securities may be considered (e.g., ADRs,
foreign equities, warrants, and commercial paper). An asset allocation will be
determined at the account set-up. Mutual funds will be offered at net asset value
(without sales charge) or may include no load funds.
Quarterly, the IA Rep will notify the client to contact the IA Rep if there have been any
changes in the client's financial situation or investment objectives, or to impose or
modify account restrictions. The IA Rep will contact or attempt to contact the client
periodically but no less than annually on these matters. It is the client's responsibility
to notify the IA Rep at any time there are changes. Clients may call in at any time
during normal business hours to discuss directly with the IA Rep about the client's
account, financial situation, or investment needs. Clients will receive from the
custodian/brokerage firm timely confirmations and at least quarterly statements
containing a description of all transactions and all account activity. The client will retain
rights of ownership of all securities and funds in the account to the same extent as if
the client held the securities and funds outside the program. In addition to custodial
statements, RFL makes available client quarterly Portfolio Review reports prepared by
RBC and are available per client’s request. The reports are customized at the account
set-up. RFL advisory recommends to all clients to review the performance statements
along the custodian statement to ensure accuracy.
Financial Planning Services consistent with the individual client's tax status as well as
their financial risk/reward parameters and personal financial objectives. Planning may
focus on investments, insurance planning, taxes, retirement planning, risk management
issues, and goal setting including education funding, and/or estate plans. Investment
recommendations may consist of stocks, bonds, mutual funds, options, CDs, ETFs, and
US government securities. Based on client need, other securities may be considered
(e.g., foreign equities, warrants, and commercial paper). Vehicles such as variable life
insurance or variable annuities, disability and/or life insurance may also be
recommended based on client needs and objectives. The financial plan is only included
with the RFL Advisor Program if requested by the client.
Through its investment advisor representatives, RFL provides financial planning,
consulting and fee-only investment advisory services to individuals, pension and profit-
sharing plans, trusts, estates or charitable organizations, corporations, or other
business entities. No additional fees for these services.
Third Party Advisors
Advisors Asset Management, Inc. (“AAM”), 18925 Base Camp Road, Suite 203,
Monument, CO80132
AAM offers various strategies from Conservative Taxable, Core Plus Taxable, Credit
Opportunities, Mortgage Investment Portfolio, Short Term Tax Exempt, Core Tax Exempt,
Peroni Method and High 50 Dividend. Although these strategies are available, clients have
exclusively selected the Peroni Method. The Peroni Method generally seeks to provide capital
appreciation by investing in a portfolio managed based on the Peroni Method; the proprietary,
technically based research strategy of the portfolio manager, Eugene E. Peroni, Jr., utilizing
a multi-cap equity strategy, securities may range from value to growth as market conditions
change or are anticipated. Cash levels generally do not exceed 20% of the value of the
portfolio under regular market conditions.
Empirical Asset Management Two Newton Executive Park 2227 Washington St,
Suite 202 Newton MA 02462
EAM Asset Allocation portfolios are driven by our
Rules Based Investing® philosophy and
are designed to meet a broad range of investment objectives and risk tolerances. The series
consists of five models, with equity exposure and risk increasing as we move from
conservative to more aggressive models. Risk Management delivered through diversification
both across and within asset classes, combination of active and passive management, and
precision asset allocation through targeted ETF holdings, periodic rebalancing to enhance
returns and manage risk and a tax conscious approach utilizing ETF investing and tax-
sensitive rebalancing.
TowerBridge Advisors 300 Barr Harbor Dr, #705 West Conhohocken PA. 19428
Founded in 2001 with a singular focus on providing exceptional wealth and asset
management services to individuals, families and select institutions.
Employee-owned, which ensures our incentives are aligned with our clients.
10-person wealth management team, with extensive research and portfolio
management experience managing individual stocks and bonds
Customized portfolios created to meet each client’s unique needs.
Commitment to outstanding client service
ADP Retirement Plan Investment Management Services
R.F. Lafferty & Co., Inc. provides investment advisory services to assist plan sponsors, plan
administrators and investment committees to meet their ERISA fiduciary responsibilities
under ERISA § 3(21).
We share fiduciary responsibility with plan administrators and investment committees as it
relates to the assets. As a part of a client’s fiduciary team, R.F. Lafferty & Co., Inc. provides
the investment expertise to implement the plans investment policies and objectives.
ADP Retirement Plan Services solely determines and utilizes outside sources for Trustee and
Custodian services of all plan assets.
ADP Retirement Plan Services acts as the third-party administrator (record-keeper) for all
plans.
For the purposes of ERISA § 3(21), R.F. Lafferty & Co., Inc. does not exercise any
discretionary authority or control respecting management of the plan or disposition of its
assets or have any discretionary authority or discretionary responsibility in the administration
of the plan. Therefore, we are not a “fiduciary” pursuant to ERISA except to the extent we
render “investment advice” to the plan within the meaning of section 3(21) of ERISA and
Department of Labor regulations there under.
The participants are responsible for any individual investment selections made under the plan.
Under ERISA § 3(21), R.F. Lafferty & Co., Inc. acts as the advisor making investment
recommendations, but it is ultimately up to the plan sponsor and plan participants to decide
whether and how to implement these recommendations. Furthermore, under ERISA § 3(21),
the participants are responsible for any individual investment selections made under the plan.
Under ERISA § 3(21), Mesirow Financial acts as Co-Fiduciary with regard to the plans
Investment Policy Statement. Mesirow Financial offers their services as an option to Plan
Sponsors who seek to develop an Investment Policy Statement for their retirement plans.
Mesirow Financial provides the guidelines for selecting and evaluating investments offered in
the plan. Mesirow Financial provides the Investment Policy Statement and provides services
regarding investment selection, monitoring, benchmarking, and de-selection.
R.F. Lafferty & Co., Inc. works with Mesirow Financial to establish and manage a process to
select, de-select, benchmark and monitor investments offered to plan participants. Together
we will regularly evaluate the plan’s investment offerings in accordance with the Investment
Policy Statement guidelines.
Investment Committee Meetings – R.F. Lafferty & Co., Inc. meets regularly with the Plan
Investment Committees to document the performance of the plan’s investments and to make
any recommendations that may be appropriate for changes. These meetings are documented
and become part of the plan’s due diligence file.
Participant Communication – R.F. Lafferty & Co., Inc. will provide group meetings (up to
quarterly) and individual participant meetings to help participants achieve better financial
results. The schedule, timing and number of meetings shall be determined prior to contract
acceptance.
ERISA 3(21) and 3(38) fiduciary investment advisory services defined by the Employee
Retirement Income Security Act of 1974 (ERISA): An ERISA 3(21) fiduciary investment
advisor serves as an investment fiduciary by making investment recommendations to the plan
sponsor.