Reflow Services, LLC - Investment Advisers

About Reflow Services, LLC

Reflow Services, LLC is an investment adviser headquartered in San Francisco, California, and is one of the investment advisers in California in this directory. The firm reports regulatory assets under management of $521.41 million and has 6 employees. The firm works with open-end funds registered under the Investment Company Act of 1940. It offers tools intended to reduce the effect of investor inflows and outflows on fund returns and on the taxes owed by continuing shareholders. Its services include a redemption service that provides cash to meet net redemptions and supports in-kind redemptions, and a swap-based service that lets funds put uninvested cash to work so that returns follow the fund's own performance. The concept dates to 1997, the firm received a no-action letter from the SEC in 2002, and a related U.S. patent was assigned to the firm in 2012. Participating funds have received more than $80 billion through the redemption service, and 170 funds from nearly 40 sponsors take part in it. In May 2026, an entity affiliated with Thomas E. Faust Jr. acquired a controlling interest in the firm, and Mr. Faust became its chairman. Other advisers across the country are listed in the directory of US investment advisers.

Key Facts

Assets Under Management

$521.41M

Employees

6

SEC File Number

801-110885