Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$240,609,821
Total clients
665
15% high-net worth
Total advisors
5
of 20 employees
Firm size
Team
4-10 advisors or $500M+ in AUM
Average clients per advisor
133
Average account size
$361,819
Richmond Brothers, Inc. is a team investment adviser that manages roughly $240.6 million for individuals (including high‑net‑worth clients), charitable organizations, pension and profit‑sharing plans, and various business entities. The firm offers comprehensive portfolio management and financial planning and consulting, and additionally provides Medicare consulting through a partnership with Advisor Excel Medicare Solutions.
For discretionary accounts Richmond Brothers implements portfolios using ETFs, mutual funds, individual stocks and bonds, and may allocate to model portfolios managed by sub‑advisors (including a platform relationship with AE Wealth Management); accounts are monitored and reviewed on a regular basis with sub‑advisor activity overseen by the firm. The firm employs a range of analytical methods (macro, fundamental, technical, cyclical) and may use long‑ and short‑term trading, trading within 30 days, and options strategies where appropriate.
What is less common among peers is that Richmond Brothers sponsors and syndicates private placement funds through an affiliated manager for accredited investors and discloses potential conflicts related to affiliated personnel’s roles in portfolio companies. The firm also discloses the use of paid testimonials and endorsements (with written agreements) and co‑sponsors client education events, practices that the firm notes and documents under its compliance disclosures.
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
Richmond Brothers, Inc.
3568 Wildwood Avenue
Jackson MI 49202, United States
Number of offices
1
Arizona · Florida · Michigan · North Carolina · Ohio · Texas
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
Jackson, MI
Richmond Brothers, Inc.
CFP®, Series 63, Series 65
Jackson, MI
Richmond Brothers, Inc.
Series 65, Series 66
Jackson, MI
Richmond Brothers, Inc.
CFP®, Series 66
Jackson, MI
Richmond Brothers, Inc.
ChFC®, Series 63, Series 65
Jackson, MI
Richmond Brothers, Inc.
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