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RMC Investment Advisors
Founded in 1984, RMC Investment Advisors operates out of a single office in West Hartford, Connecticut, where President and CEO Michael Herlihy took the reins...
RMC Investment Advisors
Founded in 1984, RMC Investment Advisors operates out of a single office in West Hartford, Connecticut, where President and CEO Michael Herlihy took the reins in 2005. The firm functions as a registered investment adviser with a fiduciary duty to its clients, which span high-net-worth individuals, families, endowments, and retirement plans. Control sits with Michael Herlihy as principal shareholder, though COO William Herlihy and several other family members on the team signal a structured transfer of ownership and governance that remains independent of any external financial institution. The firm runs a fundamentally driven equity strategy, relying on an in-house research process to build concentrated, customized portfolios. The investment committee — composed of portfolio managers, research analysts, and the director of IT — screens and selects individual securities, a posture that distinguishes the firm from allocators who delegate to third-party fund managers. The team does not disclose specific holdings, but the research workflow involves screening, due diligence, and fundamental analysis for stock selection. The client base is geographically concentrated in the Northeast, though the firm's fiduciary charter is national in scope. No direct co-investment, SPV, or alternatives-allocator function is publicly documented. RMC reports a 14-person team that includes three portfolio managers, two research/portfolio analysts, a dedicated director of IT, and a CFO who also administers The John G. Martin Foundation — a grantmaking entity embedded in the office. In 2025, the firm added Carie Hodel as a Portfolio Administrator, a hire that brought over 20 years of trust-officer experience into the compliance and investment-guideline function (per the firm’s website). The firm also absorbed Capital Management Corp of the Northeast through a prior merger, adding a legacy client-service specialist in the process. RMC’s structural differentiator is its deliberate, family-driven independence inside an industry where boutiques of its size are routinely acquired. The firm is not a platform for external managers; it is a self-contained research-and-portfolio shop where the CEO, COO, and a portfolio analyst all share the same last name, and where the junior Herlihy generation is already building the firm’s next chapter alongside a non-family CFO and compliance team. That architecture eliminates the pressure to gather assets for a parent company and aligns the investment committee’s incentives directly with the small group of clients it serves.
General information
Firm type
Multi Family Office
Year founded
1984
AUM
Undisclosed
Location
Region
North America
Country
United States
City
West Hartford
Corporate office
643 Prospect Ave, West Hartford, CT 06105, United States
Principals
Michael Herlihy
President, Chief Executive Officer, and principal shareholder
William Herlihy, CFA
Senior Vice President, Chief Operating Officer, and Chief Compliance Officer
Karen DelValle
Vice President and Chief Financial Officer
Alana Pezzuti, CRPC®
Director of Client Services
Andrew Bonassar
Director of Information Technology
Frequently asked questions
Who runs investment decisions at RMC Investment Advisors?
The Investment Committee governs the portfolio construction process. Members include President and CEO Michael Herlihy, COO William Herlihy, and the firm's research analysts and portfolio managers. The committee sets the direction for the firm's screening, due diligence, and fundamental analysis of individual stocks, which are then built into customized, client-specific portfolios rather than a single model strategy.
How does RMC source its investment ideas?
RMC runs an in-house equity research operation, not a fund-of-funds or outsourced manager model. The team, led by the director of research and portfolio managers, performs its own screening, due diligence, and fundamental analysis for stock selection. The firm’s Director of Information Technology also contributes to the process by building internal applications for research and workflow.
Does the firm manage alternative assets or private funds?
Public disclosures point to an equity-focused, individual-security portfolio approach rather than allocation to private equity, venture capital, or hedge funds. The team structures client accounts around direct stock selection and fixed-income instruments. No commitment to third-party alternative fund managers is documented.
What is the ownership and succession structure at RMC?
Michael Herlihy is the principal shareholder. Day-to-day leadership is shared with his son, COO and CCO William Herlihy, who joined in 2017. The presence of a third family member, Patrick Herlihy, as Portfolio Analyst, alongside a non-family CFO and an independent compliance infrastructure, suggests a multigenerational transition plan that keeps the firm employee-owned.
How is The John G. Martin Foundation connected to the firm?
The foundation is administered out of RMC’s West Hartford office. Vice President and CFO Karen DelValle manages its financial reporting, benefits administration, and grant management. The arrangement embeds a philanthropic vehicle directly within the daily operations of a small advisory firm, blurring the typical client-provider boundary.
Does RMC operate as a multi-family office or a traditional wealth manager?
RMC is a registered investment adviser that functions more as an outsourced family-office-style manager for a concentrated group of high-net-worth families, individuals, and institutions. It does not market itself as a multi-family office, but its fee-only fiduciary model, customized portfolio construction, and succession architecture align it closely with the client-service ethos of a small single- or multi-family office.
What is the fee structure at RMC?
The firm charges an all-inclusive, transparent fee based on assets under management. It does not receive commissions or trail fees, a structure the firm highlights as central to its fiduciary and independence claims. This fee-only model aligns the firm’s revenue directly with portfolio growth rather than transaction activity.
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