Rafferty Asset Management, Llc
- Regulatory AUM
- $55.2B
- Discretionary
- $55.2B
- Clients
- 133
- Avg AUM / client
- $415M
- Accounts
- 133
- Employees
- 45
AUM over time
Annual snapshots from Form ADV filings · as of Mar 03, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 132 | $55.2B | 99.9% |
| Pooled investment vehicles (non-investment companies) | 1 | $35.8M | 0.06% |
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Rafferty, Michael, Lawrence | Officer And Trustee | Jan 1999 (28y) | ≈ 6.25% – 25% via Rafferty Holdings Llc | |
| Hay, Kathleen, Rafferty | Officer And Trustee | Nov 2000 (26y) | ≈ 6.25% – 25% via Rafferty Holdings Llc | |
| O'neill, Daniel, Dillon | Member | May 2009 (17y) | ≈ 18.75% – 50% via Minakian Partners, Llc | |
| Rudnick, Patrick, James | Chief Financial Officer | May 2010 (16y) | Less than 5% | |
| Cipolla, Joseph, Paul | Officer | Jan 2019 (8y) | GP / trustee / elected manager of Rafferty Servicing, Inc. (indirect) | |
| Brickl, Angela, Mary | Chief Operating Officer, General Counsel | Sep 2022 (4y) | Less than 5% | |
| Stelmachowski, Steven, Gregory | Chief Compliance Officer | Sep 2022 (4y) | Less than 5% | |
| Yones, Douglas, Michael | Chief Executive Officer | Nov 2024 (2y) | Less than 5% | |
| Andrew T Shippee | Registered representative | May 2026 (0y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Rafferty Holdings Llc | Member | Jan 1999 | A | 25% – 50% |
| Minakian Partners, Llc | Member | May 2009 | A | 25% – 50% |
| Gst Fbo Kathleen Rafferty Hay & Heirs | Member | Jan 2019 | A | 5% – 10% |
| Gst Fbo Michael Rafferty & Heirs | Member | Jan 2019 | A | 5% – 10% |
| Rafferty Servicing, Inc. | Non Member Manager | Jan 2019 | B | GP / trustee / elected manager of Rafferty Holdings Llc (indirect) |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Rafferty, Michael, Lawrence: 25% – 50% of Rafferty Holdings Llc × 25% – 50% direct ≈ 6.25% – 25% of the firm
- Hay, Kathleen, Rafferty: 25% – 50% of Rafferty Holdings Llc × 25% – 50% direct ≈ 6.25% – 25% of the firm
- O'neill, Daniel, Dillon: 75% – 100% of Minakian Partners, Llc × 25% – 50% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/03/2026 | 1.08 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 03, 2026.
View current Form ADV (SEC/IAPD) ↗