Resource Consulting Group

What Resource Consulting Group does

Resource Consulting Group (RCG) is a fee-only registered investment advisory and financial planning practice founded in April 1988 in Orlando, Florida, by Mike Davis. The firm delivers integrated wealth management that combines investment management, financial planning, retirement services, estate planning, tax strategy, risk management, and philanthropic planning for high-net-worth individuals and families, pre-retirees/retirees, and business owners with corporate retirement plans. Its core product is a multi-disciplinary advisory engagement that uses a published "Seven Investment Fundamentals" framework grounded in Modern Portfolio Theory and academic empirical finance, and a "Systematic Financial Solution" planning approach that links goal-setting to implementation across disciplines.

The firm operates on a fee-only compensation model under which it charges tiered asset-based advisory fees (0.90% on the first $1M of AUM, 0.50% on the next $9M, 0.25% above $10M) plus separate initial and annual financial planning fees; it receives no third-party compensation, eliminating conflicts of interest. Distribution is direct, via dedicated wealth advisors matched to client needs, supported by client referrals, professional network channels (including the Financial Planning Association and Zero Alpha Group), and partnerships with custodians Charles Schwab and TD Ameritrade. Client interaction is supported by a proprietary "Virtual Vault" secure client portal built on Citrix ShareFile with two-factor authentication.

As of 2021, RCG managed approximately $2.5 billion in assets for 500+ clients with a team of roughly 30 professionals that includes CPAs, MBAs, CFPs, and attorneys. In November 2023, Hightower Advisors LLC (~$131B AUM) made a strategic investment in the firm to support Southeast U.S. expansion while preserving RCG's brand, fee-only model, and operating independence; RCG continues to operate under its own identity led by President Gregg Biro, CIO Chris Driver, and COO Andrew Colombino, with founder Mike Davis still active as a Senior Wealth Advisor.

Name

Resource Consulting Group

Legal name

Hightower Advisors, LLC

Website

https://resourceconsulting.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

11–50 employees

Short description

Resource Consulting Group is a fee-only registered investment advisory firm based in Orlando, Florida, founded in 1988. It provides integrated wealth management — investment, financial planning, retirement, estate, tax, and philanthropic services — to high-net-worth individuals, families, and business-owner retirement plans across roughly $2.5 billion in client assets.

Ownership category

akta.pro rank

Product category

Wealth Management Services

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Fee-Only Advisory (FSAEAAAL)

akta.pro secondary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Fee-only wealth management
• Registered investment advisory
• Financial planning services
• Retirement plan services
• Integrated wealth advisory

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Investment Advisory Fees: Fee-only investment advisory fees based on assets under management using a tiered schedule. The firm receives no compensation from third parties, eliminating conflicts of interest.
2. Financial Planning Fees: Initial financial planning fees based on complexity of client situation, determined in advance. Annual financial plan update fees typically 40% of initial planning fee.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Resource Consulting Group is a fee-only financial planning and investment advisory practice that delivers fully integrated wealth management to high-net-worth individuals and families. Its offerings unify investment management (built on the Seven Investment Fundamentals and Modern Portfolio Theory), comprehensive financial planning (goal setting, retirement, estate, tax, risk, philanthropic), and retirement plan services supported by a Virtual Vault secure client portal.

Product overview

Resource Consulting Group (RCG) is a fee-only financial planning and investment advisory practice offering a unified wealth management platform. The core offering includes integrated wealth management combining investment management (based on academic research and Modern Portfolio Theory), comprehensive financial planning, and retirement services. The firm supplements its advisory services with a client portal called Virtual Vault for secure document access and sharing. Founded in 1988 and managing approximately $2.5 billion AUM, RCG serves clients from its Orlando, Florida headquarters.

Differentiator

Problem solved

Functional benefit

Products and services

• Wealth Management Fee-only integrated wealth management that brings together investment, estate, tax, retirement, risk management and philanthropic planning to provide fully coordinated financial guidance for individuals and families.
• Investment Management Academic-based investment management following the Seven Investment Fundamentals, which emphasize appropriate equity allocation, staying fully invested, minimizing costs, using short-term bonds, including small cap and value stocks, and broad diversification.
• Financial Planning Comprehensive financial planning using a Systematic Financial Solution approach that includes goal setting, financial analysis, retirement planning, insurance review, charitable giving, and legacy planning.
• Retirement Services Retirement plan services for businesses that include plan management simplicity, ERISA section 3(38) fiduciary assurance, custom investment portfolios, and transparent fee structures for corporate plan sponsors.
• Virtual Vault Client Portal Secure client portal powered by Citrix ShareFile providing online access to quarterly reports and RCG documents with two-factor authentication, secure file sharing, and document upload capabilities for clients and advisors.

Quantifiable outcome

• $2.5 billion in assets under management for 500+ clients
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• Charles Schwab CorporationcoreTechnology or IntegrationCharles Schwab Corporation provides securities brokerage, banking, money management, and financial advisory services. RCG clients are protected through Securities Investors Protection Corporation, Lloyd's of London, and the Schwab Security Guarantee. Schwab provides custodial services for client accounts.
• Financial Planning Association (FPA)supportingStrategic or Co-development PartnerFPA is the premier professional organization for CFP professionals, providing access to local chapters, continuing education, networking, study groups, mentoring opportunities, and extensive tools, training, and educational resources. FPA advocates for fiduciary standards and appropriate regulation of financial planners.
• Zero Alpha Group (ZAG)supportingStrategic or Co-development PartnerZero Alpha Group is a small network of wealth management firms committed to serving clients in a fiduciary capacity. Mike Davis met with ZAG organizers in 1996, and RCG remains a committed member to this day.
• Citrix ShareFilesupportingTechnology or IntegrationCitrix ShareFile powers RCG's Virtual Vault client portal, providing secure document management and storage, two-factor authentication, and encrypted file sharing capabilities for client communications.

Scale indicators4 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Buckingham Strategic Wealth: Fee-only, fiduciary-focused RIA founded in 1994 that similarly emphasizes academic investment philosophy, integrated financial planning, and growth through advisor recruitment and acquisitions. Closest comparable on business model, scale, and approach.
• Savant Wealth Management: Fee-only RIA with academic/Dimensional-style investment approach and integrated wealth planning, similar size and trajectory to RCG. Strong comparable on philosophy, fee structure, and integrated services.

Broad incumbents

• Fisher Investments: Major fee-only investment advisor managing over $200B AUM with academic/DFA-style portfolio approach. Comparable on fee-only positioning and disciplined investment philosophy, though materially larger and primarily retail-oriented.
• Cerity Partners: PE-backed (Lightyear Capital) RIA platform focused on HNW and ultra-HNW wealth management with concierge planning, estate strategies, and corporate retirement services. Comparable integrated-services positioning with greater geographic reach.
• Carson Group: PE-backed (LGT Capital) rapidly consolidating RIA platform with fee-only positioning, corporate retirement plan services, and active advisor recruitment. Closely competes for similar firms in the Hightower/Mariner/Captrust acquisition marketplace.
• Captrust: Large RIA offering integrated wealth management and corporate retirement plan fiduciary services with significant Southeast U.S. presence. Directly comparable given overlapping wealth and retirement services segments RCG serves.
• Creative Planning: Large fee-only RIA offering comprehensive wealth management with DFA-style academic investment methodology and integrated planning. Overlaps with RCG on philosophy, services, and target HNW/family client base at a meaningfully larger scale.
• Mariner Wealth Advisors: Large national RIA platform backed by PE (Leonard Green), offering integrated wealth management, retirement plan services, and advisor M&A. Comparable to RCG as both a competing consolidator (like Hightower) and a destination for advisor transitions.

Regional players

• Heritage Investment Group: Fee-only, fee-based investment advisor in Orlando, FL providing integrated wealth management and financial planning to HNW families. The closest geographically comparable direct competitor to RCG in the Central Florida market.

Emerging players

• Facet Wealth: Tech-enabled, flat-fee RIA disrupting the traditional AUM-based advisory model by offering comprehensive financial planning at predictable subscription pricing. Represents an emerging competitive threat to RCG's tiered AUM pricing model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/resource-consulting-group
• Facebookfacebook.com/ResourceConsultingFL

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Resource Consulting Group