DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

Former SEC-registered adviser

Rappaport Reiches Capital Management,

Former SEC-registered adviserSkokie, IllinoisCRD 137021SEC 801-67542websiteIAPD
Legal name Rappaport Reiches Capital Management, LLC
Latest filing Mar 26, 2025
First filing on the tape Mar 29, 2012 · 20 filings
SEC status approved since Feb 15, 2007
RAUM
$1.1B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
97%
$1.1B individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
15
13 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
20 filings and snapshots on the tape
RAUM$1.1B as of Mar 26, 2025
Mar 29, 2012$187M then
HNW client RAUM$1.0B as of Mar 26, 2025
Mar 27, 2018$423M then
State-registered IARs (5.B.3)12 as of Mar 26, 2025
Mar 20, 20135 then
Employees (5.A)15 as of Mar 26, 2025
Mar 20, 20136 then
Private funds: no history
RAUM +21% over the last fiscal year+15% a year over threeIARs 12 to 12
Practice profile
derived from the filing of Mar 26, 2025; every figure names its basis
RAUM per advisor
$93.9MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
34derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$3.9MderivedHNW RAUM over HNW clients
Average account
$619,494derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
3.5%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.3derivedItem 5.A over advisors
Advisors per office
12.0derived1 offices incl. principal (1.F.5)
RAUM growth, one year
+21%derivedbetween the last two annual amendments
Advisor growth, one year
+0.0%derivedItem 5.B.3 between annual amendments
Client growth, one year
+6.2%derived
Compensation
percentage of assetsreportedItem 5.E
Advisory activities
financial planning, portfolio management for individualsreportedItem 5.G
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$1.0B90%
  • Individuals$73.3M6.5%
  • Charitable organizations$36.7M3.3%
  • Pension and profit-sharing plans$2.4M0.2%
Individual clients
153reported
HNW clients
260reported
Pension plan clients
n/areported
Charitable clients
11reported
Accounts
1,818reported
Financial planning clients
251-500reported
Wrap fee programs
noreported
Custody of client assets
noreported
Compensation
% of AUMreported
Class basis
absent from the latest SEC rosterderived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
Joined, latest
Every departureEvery arrival
Teams: two or more advisors moving together within fourteen days, from one state
    Teams outTeams in
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Leah Karen Asbra · Chief Operating Officercontrol
      since 03/2021 · owns less than 5%
    • Michael David Rappaport · Manager & Membercontrol
      since 09/2005 · owns 25% to 50%
    • Lynn Shari Reiches · Managercontrol
      since 09/2005 · owns less than 5%
    • Marc Stephen Reiches · Principal & Chief Compliance Officercontrol
      since 04/2006 · owns less than 5%
    • Michael David Rappaport · Trusteecontrol
      since 05/2006 · owns 50% to 75% of David M. Rappaport Investment Trust
    • Lynn Shari Reiches · Trusteecontrol
      since 09/2005 · owns F of Shari L. Reiches Investment Trust
    Entity owners
    • David M. Rappaport Investment Trust · Member
      direct · owns 10% to 25%
    • Shari L. Reiches Investment Trust · Member
      direct · owns 50% to 75%
    Related persons
    Schedule D 7.A
    No related person reported.
    Office movement
    IAPD branch city; joins and departures in 12 months
    OfficeAdvisorsJoinedLeftTeams outForming
    Chicago, Il000
    Riverwoods, Il000
    Skokie, Il · principal000
    Offices
    Schedule D 1.F, the 25 largest
    No branch office listed.
    What changed
    consecutive filings, newest first
    • Accounts · 1,679 to 1,818
      May 20, 2024 to Mar 26, 2025
    • Advisory employees · 12 to 13
      May 20, 2024 to Mar 26, 2025
    • Charity clients · 9 to 11
      May 20, 2024 to Mar 26, 2025
    • HNW clients · 254 to 260
      May 20, 2024 to Mar 26, 2025
    • Individual clients · 135 to 153
      May 20, 2024 to Mar 26, 2025
    • Employees · 13 to 15
      May 20, 2024 to Mar 26, 2025
    • Discretionary RAUM · $928M to $1.1B
      May 20, 2024 to Mar 26, 2025
    • HNW RAUM · $851M to $1.0B
      May 20, 2024 to Mar 26, 2025
    • Individual RAUM · $58.7M to $73.3M
      May 20, 2024 to Mar 26, 2025
    • Pension RAUM · $1.7M to $2.4M
      May 20, 2024 to Mar 26, 2025
    • RAUM · $928M to $1.1B
      May 20, 2024 to Mar 26, 2025
    • Accounts · 1,522 to 1,679
      Mar 23, 2023 to Mar 27, 2024
    • Advisory employees · 11 to 12
      Mar 23, 2023 to Mar 27, 2024
    • Charity clients · 7 to 9
      Mar 23, 2023 to Mar 27, 2024
    • HNW clients · 248 to 254
      Mar 23, 2023 to Mar 27, 2024
    • Individual clients · 131 to 135
      Mar 23, 2023 to Mar 27, 2024
    • Employees · 12 to 13
      Mar 23, 2023 to Mar 27, 2024
    • State-registered IARs · 11 to 12
      Mar 23, 2023 to Mar 27, 2024
    • Discretionary RAUM · $764M to $928M
      Mar 23, 2023 to Mar 27, 2024
    • HNW RAUM · $704M to $851M
      Mar 23, 2023 to Mar 27, 2024
    • Individual RAUM · $47.0M to $58.7M
      Mar 23, 2023 to Mar 27, 2024
    • Pension RAUM · $1.4M to $1.7M
      Mar 23, 2023 to Mar 27, 2024
    • RAUM · $764M to $928M
      Mar 23, 2023 to Mar 27, 2024
    • Accounts · 1,251 to 1,522
      Jun 15, 2022 to Mar 23, 2023
    • Advisory employees · 9 to 11
      Jun 15, 2022 to Mar 23, 2023
    • Charity clients · 8 to 7
      Jun 15, 2022 to Mar 23, 2023
    • HNW clients · 208 to 248
      Jun 15, 2022 to Mar 23, 2023
    • Individual clients · 111 to 131
      Jun 15, 2022 to Mar 23, 2023
    • Employees · 10 to 12
      Jun 15, 2022 to Mar 23, 2023
    • State-registered IARs · 9 to 11
      Jun 15, 2022 to Mar 23, 2023
    • Discretionary RAUM · $745M to $764M
      Jun 15, 2022 to Mar 23, 2023
    • HNW RAUM · $680M to $704M
      Jun 15, 2022 to Mar 23, 2023
    • Individual RAUM · $45.9M to $47.0M
      Jun 15, 2022 to Mar 23, 2023
    • Pension RAUM · $1.1M to $1.4M
      Jun 15, 2022 to Mar 23, 2023
    • RAUM · $745M to $764M
      Jun 15, 2022 to Mar 23, 2023
    • Accounts · 1,216 to 1,251
      Apr 14, 2021 to Mar 29, 2022
    • Advisory employees · 8 to 9
      Apr 14, 2021 to Mar 29, 2022
    • Charity clients · 7 to 8
      Apr 14, 2021 to Mar 29, 2022
    • HNW clients · 176 to 208
      Apr 14, 2021 to Mar 29, 2022
    • Individual clients · 105 to 111
      Apr 14, 2021 to Mar 29, 2022
    Signals
    15 dated events
    • Rappaport Reiches Capital Management, no longer on the SEC adviser roster (last listed 2025-07-01, RAUM $1.1B)
      Aug 1, 2025 · Left the SEC roster · derived
    • Stephen Marc Reiches left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-08-04)
      Jul 23, 2025 · Advisor changed firm · fact
    • Teresa Velgara left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-08-05)
      Jul 23, 2025 · Advisor changed firm · fact
    • Bradley Christian Hills left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2026-08-11)
      Jul 23, 2025 · Advisor changed firm · fact
    • Karen Leah Asbra left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-09-16)
      Jul 22, 2025 · Advisor changed firm · fact
    • Elizabeth Xilas left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-08-05)
      Jul 22, 2025 · Advisor changed firm · fact
    • Rhea Ravindran left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-08-07)
      Jul 22, 2025 · Advisor changed firm · fact
    • Benjamin Joseph Richter left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-09-16)
      Jul 22, 2025 · Advisor changed firm · fact
    • Rappaport Reiches Capital Management,'s advisors moved to EP Wealth Advisors (Skokie, IL): 11 of 11 registered, a day apart
      Jul 22, 2025 · Firm absorbed (people side) · derived
    • David Michael Rappaport left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-08-05)
      Jul 22, 2025 · Advisor changed firm · fact
    • Conner Grzenia left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-09-16)
      Jul 22, 2025 · Advisor changed firm · fact
    • Kristyn Renee Gibson left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-09-16)
      Jul 22, 2025 · Advisor changed firm · fact
    • Shari Lynn Reiches left Rappaport Reiches Capital Management, for Ep Wealth Advisors (registered 2025-08-05)
      Jul 22, 2025 · Advisor changed firm · fact
    • Jacob Harry Peiser left Rappaport Reiches Capital Management, for Morningstar Investment Services Llc (registered 2023-06-02)
      Jul 5, 2023 · Advisor changed firm · fact
    • Leah Karen Asbra (Chief Operating Officer) appeared on Schedule A of Rappaport Reiches Capital Management,
      Mar 30, 2021 · Control person joined · fact
    Across DFX
    shared identifiers only, never a name match
    No identifier-backed link to the venture, private equity, family office or sponsor graphs.
    Provenance
    Form ADV
    SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
    Advisors
    IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
    Class
    Former SEC-registered adviserderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    n/aderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026