Richards Financial
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$3,000,000
Total clients
11
0% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
11
Average account size
$272,727
About
Richards Financial provides personalized investment advisory services to individual investors and families seeking long-term capital appreciation and income, and also serves trusts, estates, businesses, pension and profit-sharing plans, and charitable organizations. The firm operates as a fee-only, state-registered adviser and manages approximately $3 million in client assets on a non-discretionary basis.
The firm generally constructs concentrated portfolios of individual securities and sources ideas from fundamental analysis and special-situation opportunities, with an emphasis on position sizing and ongoing risk management. All accounts require client approval before trades are executed, and the firm may use listed options and other derivatives as part of income-generating or risk-defined strategies when consistent with a client’s objectives.
Notably, Richards Financial combines a predominantly non-discretionary advisory model with documented use of options and derivatives in separately managed accounts—an operational profile that is uncommon among independent advisers. The firm operates with a very small client base under a single principal, relies on Interactive Brokers as the recommended custodian, and discloses a March 2025 administrative consent order related to recordkeeping and ADV updates that did not involve fraud or client losses.
Client services
Portfolio management
Expertise
Concentrated stock management
Options & derivatives strategies
Fee options
$5,000 - $250,000: 1.25% $250,001 - $2,000,000: 1.00% $2,000,001 - $10,000,000: 0.75% $10,000,001+: Negotiated
Account minimum: $2,000 Fee-only: Fee-only advisory model; no third-party compensation received.
Main office location
Richards Financial
Riviera Beach FL, United States
Number of offices
1
Most active in
Richards Financial has reported serving >5 clients in these states in the last 12 months.
Pennsylvania
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
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