Advisor at Richmond Brothers, Inc.
Data sourced from SEC public records (and other sources when available). Some details may be added by the advisor after claiming their profile. Refreshed daily • Updated today.
Firm
Richmond Brothers, Inc.
Location
Jackson, MI 49202
Credentials
ChFC®, Series 63, Series 65
Industry experience
17 years
David Richmond is a ChFC® credentialed financial advisor with Richmond Brothers, Inc. in Jackson, MI, where he has worked for 15 years. He has 17 years of industry experience. Outside of advising, he serves on the boards of the Lingap Children's Foundation and BioVentrix, Inc., and is an independent insurance agent specializing in fixed life insurance, long-term care, and fixed annuities. Richmond Brothers, Inc. serves individuals, charitable organizations, pension and profit-sharing plans, and business entities with portfolio management, financial planning, and Medicare consulting. The firm employs an individualized, fiduciary approach using a variety of investment strategies and sponsors private placement funds managed through an affiliated manager.
Based on Richmond Brothers, Inc.
Flat fees generally range from $1,000 to $2,000 for financial planning and consulting services
$0 - $500,000: 1.75% $500,000.01 - $1,000,000: 1.55% $1,000,000.01 - $5,000,000: 1.15% $5,000,000.01+: 1.00%
Receive 50% of commissions earned on insurance products sold through Advisors Excel Medicare Solutions; clients do not pay these fees directly
$250 to $300 per hour for financial advisors, $50 to $75 per hour for administrative time
Account minimum: $250,000 Fee-only: Hourly fees $250 to $300 for advisors, $50 to $75 for administrative time; Flat fees range from $1,000 to $2,000
3568 Wildwood Avenue
Jackson, MI 49202
Florida · Michigan · North Carolina · Ohio · Texas
Richmond Brothers, Inc.
2011 - Present (15 years)
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Is active or affiliated with:
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Is not active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Lawyer
They provide legal services, typically billed separately.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Series 65
Clarklake, MI
Wittlin Advisory
Series 63, Series 65
Jackson, MI
RMG Advisory Services
Series 63, Series 65
Jackson, MI
Jack V.. Butterfield Investment Company
Series 65
Jackson, MI
Richmond Brothers, Inc.
CFP®, Series 63, Series 65
Jackson, MI
Richmond Brothers, Inc.
ChFC®
Spring Arbor, MI
GuideStream Financial, Inc.
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