We are a registered investment adviser based in Grosse Pointe Farms, MI. We are organized as a limited liability company under the laws of the State of Michigan. We have been providing investment advisory services since 1996. Raja El-Achkar is the principal owner of our firm. As used in this Brochure, the Associated Persons refers to RK Asset Management's owner, Raja El-Achkar, who provides investment advice on behalf of our firm. Currently, we offer the following investment advisory services:
•Portfolio Management Services
•Sub-advisory Services The following paragraphs describe our services and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our advisory services to your individual needs.
Portfolio Management Services We offer discretionary portfolio management services to our clients and prospective clients. We seek to provide long term capital growth by primarily investing in common stocks. Total return will consist mainly of capital appreciation or depreciation. We specialize in the management of equity portfolios. We are a research intensive manager of concentrated stock portfolios and due to our specialization we do not allow for client restrictions on securities or types of securities.
If you participate in our portfolio management services, we require you to grant our firm discretionary authority to manage your account. Discretionary authorization will allow our firm to determine the specific securities, and the amount of securities, to be purchased or sold for your account without your approval for each transaction. Discretionary authority is typically

granted by the investment advisory agreement you sign with our firm, a limited power of attorney or trading authorization forms.
Sub-advisory Services We have entered into agreements with Morgan Stanley ("MS") and Wells Fargo Advisors ("Wells Fargo"), to act as a sub-advisers to their respective clients. We have been engaged to actively manage the assets in these clients' accounts who choose us as a portfolio manager. While we are responsible for the discretionary management of the assets delegated to our firm, we will not communicate investment recommendations or selections directly to MS and/or Wells Fargo's individual clients. Accordingly, MS and Wells Fargo will monitor our trading activity conducted on behalf of the sub- advised accounts. The accounts will be held with a qualified custodian selected by either MS or Wells Fargo, and the fees will be deducted from the respective account(s). Our sub-advisory arrangements with MS and Wells Fargo direct that we use MS and Wells Fargo respectively for all transactions and the custody of those accounts. These arrangements prevent us from negotiating brokerage commissions on your behalf. This practice may also prevent our firm from obtaining favorable net price and execution. Thus, the commission expenses, execution, clearance, and settlement capabilities that you will receive through MS and Wells Fargo may be less favorable in comparison to those that we would otherwise obtain for you through Charles Schwab, Co., Inc.
Assets Under Management As of December 31, 2022 we manage $105,639,785 in discretionary client assets.
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