Pruitt Richmond Wealth Management LLC

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Client assets under management

$3,001,536

Clients

11% high-net worth

Advisors

of 3 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

Very Low

Average account size

$166,752

About

Pruitt Richmond Wealth Management provides portfolio management and financial planning to individual and high‑net‑worth clients. The firm creates an Investment Policy Statement for each client and offers tailored, discretionary portfolio management alongside one‑time financial planning engagements.

The firm primarily recommends ETFs and mutual funds and applies modern portfolio theory with a long‑term trading orientation, documenting risk tolerance and asset allocation in each client’s IPS. PRWM requires clients to custody assets at Altruist, seeks best execution, and reviews accounts at least quarterly while providing regular written reports.

A distinctive feature disclosed in the brochure is an affiliation with an accounting firm (Pruitt Cordell & Associates); several principals maintain accounting practices and may offer accounting‑related services outside the advisory relationship, which the firm acknowledges as a potential conflict of interest. PRWM also does not aggregate block trades for multiple clients and does not participate in wrap‑fee programs, practices that can affect trade execution and reporting compared with many peers.

Client services

Financial planning Portfolio management

Expertise

Passive / index investing General retirement planning College savings (529s, UTMA, etc.)

Fee options

Fixed

Financial planning fees range from $2,500 to $15,000 (negotiated fixed fee)

Percentage

$0 - $250,000: 1.00% $250,001 - $1,000,000: 0.80% $1,000,001 - $2,500,000: 0.50% $2,500,001 - $5,000,000: 0.25% $5,000,001+: 0.10%

Main office location

Pruitt Richmond Wealth Management LLC

19910 S Tamiami Trail, Suite D

Estero FL 33928, United States

Number of offices

Most active in

Florida

Disclosures

Business activities & affiliations

Is active or affiliated with:

Accountant / CPA / tax prep

They offer tax and accounting services, typically for separate fees.

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.

Fund sponsor

They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.

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.

Forms ADV

Form ADV Part 2: Client Brochure

Quick links

239-319-5888

Advisors at this firm

Jason R

CFP®, Series 63, Series 65

Estero, FL

Pruitt Richmond Wealth Management LLC

Jason Richmond is a CFP® with five years of industry experience, currently serving as an advisor at Pruitt Richmond Wealth Management LLC. His prior experience includes roles at Northwestern Mutual and Sandhill Environmental Services. In addition to his advisory work, he is an accounting associate for Pruitt Cordell and Associates. Pruitt Richmond Wealth Management provides portfolio management and financial planning to individual and high-net-worth clients, focusing on tailored, discretionary portfolio management primarily using ETFs and mutual funds guided by modern portfolio theory. The firm maintains an affiliation with an accounting practice and emphasizes documented risk tolerance, asset allocation, and regular account reviews.

Passive / index investing General retirement planning College savings (529s, UTMA, etc.)

Wesley P

CFP®

Estero, FL

Pruitt Richmond Wealth Management LLC

Wesley Pruitt is a CFP® professional with two years of industry experience, currently serving at Pruitt Richmond Wealth Management LLC. He has been with the firm since 2023 and also works as a CPA for Pruitt Cordell & Associates. Pruitt Richmond Wealth Management provides portfolio management and financial planning services to individual and high-net-worth clients, emphasizing tailored Investment Policy Statements and discretionary portfolio management primarily using ETFs and mutual funds. The firm applies modern portfolio theory with a long-term trading approach and maintains regular account reviews and reporting.

Passive / index investing General retirement planning College savings (529s, UTMA, etc.)

Mitchell P

CFP®

Estero, FL

Pruitt Richmond Wealth Management LLC

Mitchell Pruitt is a CFP® professional with two years of experience at Pruitt Richmond Wealth Management LLC. He has worked at Pruitt Cordell & Associates since 2011 and serves as a CPA there. Pruitt is also a licensed insurance agent, though he does not offer insurance products to clients of Pruitt Richmond Wealth Management. Pruitt Richmond Wealth Management provides portfolio management and financial planning services to individual and high-net-worth clients. The firm uses a tailored, discretionary approach based on modern portfolio theory and maintains an affiliation with an accounting firm, offering integrated services outside the advisory relationship.

Passive / index investing General retirement planning College savings (529s, UTMA, etc.)

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