Resources Management Corp (RMC) was incorporated in 1979. Its initial activity was acting as
financial adviser to John G. Martin and other members of the Heublein (Smirnoff vodka and A-1
Sauce) family. In 1984, RMC registered with the SEC as an investment adviser. It is also notice filed
with the states of California, Connecticut, Massachusetts, Vermont, New Hampshire, Texas, New
Jersey, New York and Florida.
RMC is a privately held company located in West Hartford Connecticut and is owned by Mr. Michael
W. Herlihy.
RMC provides both discretionary and non-discretionary investment advisory services to high net-worth
individuals and their families, institutions, corporations, and municipalities. RMC manages a wide array
of accounts including but not limited to, personal and trust accounts, retirement accounts (pension
plans, 401Ks, IRAs), profit-sharing accounts, cash management accounts and charitable gift annuity
programs. In addition, RMC provides sub advisor services for certain clients.
Discretionary and some non-discretionary accounts are individually constructed with an equity and
fixed income component and managed to achieve specific client objectives.
The first step in RMC's investment process is to collaborate with the client to determine the client's
needs, objectives and risk tolerance. The second step is the selection of asset classes through the
process of strategic asset allocation which helps identify the best blend of money market funds, fixed
income securities and equities that will increase the probability of achieving the client's objectives while
reducing overall portfolio risk. Strategic asset allocation should be distinguished from tactical asset
allocation or "market-timing" which we do not employ.
Once steps one and two are completed, a set of written Investment Guidelines which address asset
allocation targets, client imposed restrictions, if any, and account and client objectives, are drafted and
sent to the client for review, comment and eventual acceptance.
IRA
Rollover Recommendations
Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field
Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's
Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the
following acknowledgment to you.
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income
Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement
accounts. The way we make money creates some conflicts with your interests, so we operate under a
special rule that requires us to act in your best interest and not put our interest ahead of yours. Under
this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent
advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
•Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest.
4
We benefit financially from the rollover of your assets from a retirement account to an account that we
manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in
your best interest.
Assets Under Management
As of December 31, 2023, we provide continuous management services for $863,261,235 in client
assets on a discretionary basis, and $87,504,910 in client assets on a non-discretionary basis for a
total of $950,766,145 in assets.