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Our team of financial advisers provides a modern, efficient approach to investing nonprofit and association reserves, endowments, and retirement plans.







We understand the challenges nonprofits and associations encounter

Aligning investment policies with organizational goals, preferences, values, and risk tolerance
Developing a reserve structure that makes best use of cash and investments
Navigating a lack of transparency in performance reporting and fees
Educating and engaging volunteer Boards or Finance Committee members

Learn about raffa & What makes us different

We offer a tailored investment
to nonprofit and association

reserves, endowments, and retirement plans.
Why Choose Raffa?
Sensible Approach
We know you don't want surprises. We avoid unnecessary risks and minimize expenses in an effort to provide a modern, reliable experience for nonprofits & associations.
Loyal Partner
As a fiduciary that is independent of any bank or broker, we sit on your side of the table—advocating solely for you.
All Around Excellence
From onboarding and client service, to portfolio management, custom reporting and proactive ongoing communications, our team of experienced advisers are determined to make every client interaction extraordinary.
Here’s what our clients are saying
David Teske
Association of College Unions International
Director of Finance and Administration

We’ve had a great relationship with Raffa Investment Advisers for nearly five years. Their nonprofit experience and the qualifications of their advisors have allowed us to align investment strategy with our mission. The education they provide has been of great benefit to both our Board of Directors and Finance Committee. Raffa’s client communication is timely and on-target and the quality of reporting is always high.

Beth-Ellen Berry
Chief Financial Officer
NPO Services

We’ve been with Raffa Investment Advisers for over ten years. Their communication skills, available, and responsiveness has been outstanding over the years. Our Management and Board Members trust and rely on their guidance. We highly recommend Raffa Investment Advisers and truly appreciate their expertise in helping us to meet our investment goals.

Dave Coplan
Executive Director
Human Services Center

The Human Services Center is proud to call RIA our partner and we have entrusted their outstanding team with our assets since 2017. Our aspect that has separated them both in the competitive bid process and in our experience to date was and is their exceptional communication, availability, and responsiveness. The personal approach of their team with market reports, as well as catering our monthly reporting to our agency’s needs have made our relationship with RIA and rich experience.

Seth Zarny
Individual Client

Raffa has managed our personal investments for more than 10 years. We could not be happier working with and trusting this team.  They are knowledgeable, responsive, and very pleasant.  Having recently retired, they helped guide us through our retirement income questions, allocations, and perspectives on our next steps. The tools and resources they provide also helped us understand our overall strategy, including how to balance risk and expected returns.

Download our Study on
Nonprofit Investing (SONI)

Launched in 2012, the annual Study on Nonprofit Investing (SONI) seeks to meet the need for timely, relevant, actionable data about how nonprofits invest their reserves and how their investments perform.

Now is your chance to answer the question—Are my organization’s investment reserves “normal”?

Nonprofits Deserve to Know

Ready to work with an adviser who knows you?

Book time with one of our experienced advisers.