Richmark Private Wealth Management

RichMark Private Wealth Management works with individual clients (including high‑net‑worth and non‑HNW investors), as well as retirement plans, trusts, estates, charitable organizations, corporations and other business entities, providing portfolio management, financial planning and consulting, and participant account management services. The firm manages discretionary and non‑discretionary accounts and may use third‑party investment advisers or sub‑advisers as part of a TPIA platform to implement client strategies.

Investment advice is tailored through an onboarding review of objectives, risk tolerance, tax circumstances and liquidity needs, with ongoing monitoring and periodic rebalancing. The firm uses a range of methods — from fundamental and technical analysis to modern portfolio theory and both long‑ and short‑term trading when appropriate — and provides IRA rollover advice under the DOL fiduciary framework (PTE 2020‑02).

What distinguishes the firm for a peer comparison is its combination of a five‑advisor team operating across four offices while managing roughly $61.1 million, its affiliation with an insurance agency and the fact that several advisers are licensed insurance agents who may earn commission‑based compensation. The brochure also discloses that the firm receives and pays referral/solicitor fees to third‑party managers and promoters, and that it offers participant account management for held‑away defined‑contribution participant accounts via a third‑party platform and engages TPIAs and sub‑advisers that it can hire or terminate without prior client approval.