# Richard Brothers, Financial Advisors

> Richard Brothers, Financial Advisors is an SEC-registered investment advisory firm in South Portland, ME, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 113826
- Filed as: RICHARD BROTHERS, FINANCIAL ADVISORS
- Legal name: Allegiance Financial Group, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: South Portland, ME
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113826
- AdvisorCensus page: https://advisorcensus.com/firm/richard-brothers-financial-advisors-south-portland-me-113826

## Quick answers

**How is Richard Brothers, Financial Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Richard Brothers, Financial Advisors reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Richard Brothers, Financial Advisors charge?**
Its Form ADV Part 2A brochure dated March 26, 2026 states: Flat fee: $500 a year (limited non-discretionary advisory services); Flat fee: $3,000 to $20,000 (financial planning and/or consulting services…); Hourly rate: $150 to $300 an hour (financial planning and/or consulting services…). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Richard Brothers, Financial Advisors located?**
Richard Brothers, Financial Advisors' principal office is in South Portland, ME, according to its Form ADV.

**Is Richard Brothers, Financial Advisors registered with the SEC or a state?**
Richard Brothers, Financial Advisors is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 113826.

**How much does Richard Brothers, Financial Advisors manage?**
Richard Brothers, Financial Advisors reports $180,637,151 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (97% discretionary).

**How have Richard Brothers, Financial Advisors' assets and staff changed since 2022?**
In the Form ADV data for Richard Brothers, Financial Advisors: Regulatory assets under management: $145,301,381 in the October 2022 data and $180,637,151 in the October 2026 data, up 24%. Total employees: 8 in October 2022 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Richard Brothers, Financial Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (119); high net worth individuals (54).

**Which custodians does Richard Brothers, Financial Advisors use?**
Richard Brothers, Financial Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing Advisor Solutions LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Richard Brothers, Financial Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/113826

**What changed in Richard Brothers, Financial Advisors' recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $145,936,579 to $180,637,151 (+24%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 26, 2026)

- Minimum annual fee: $2,000

> Richard Brothers, Financial Advisors generally requires a minimum annual fee of $2,000 for investment advisory services. Richard Brothers, Financial Advisors, in its sole discretion, may charge a lesser minimum fee and/or waive or reduce its minimum fee requirement

- Flat fee: $500 a year (limited non-discretionary advisory services)

> Richard Brothers, Financial Advisors charges a flat rate of $500.00 per year for those services.

- Flat fee: $3,000 to $20,000 (financial planning and/or consulting services…)

> Richard Brothers, Financial Advisors’ planning and consulting fees are negotiable, but generally range from $3,000 to $20,000 on a fixed fee basis

- Hourly rate: $150 to $300 an hour (financial planning and/or consulting services…)

> and from $150 to $300 on an hourly rate basis, depending upon the level and scope of the service(s) required

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Pershing Advisor Solutions LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $180,637,151
- Discretionary: $174,533,784
- Non-discretionary: $6,103,367

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 119 | $39,295,243 |
| High net worth individuals | 54 | $140,099,090 |
| Charitable organizations | Fewer than 5 | $1,240,387 |
| Corporations or other businesses not listed above | Fewer than 5 | $2,431 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Pension consulting services
- Selection of other advisers (including private fund managers)
- Other

### Firm details
- Registered since: 2021 (4 years)
- Employees: 10 total, 6 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, MA, ME, NH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [richardbrothersfinancial.com](https://richardbrothersfinancial.com)
- Facebook @RICHARDBROTHERSFINANCIAL
- LinkedIn @RICHARD-BROTHERS-FINANCIAL-ADVISORS
- X @RICHARDBROSFA

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $145,301,381 | 8 | March 30, 2022 |
| October 2023 | $104,284,236 | 10 | March 30, 2023 |
| October 2024 | $130,161,134 | 10 | March 27, 2024 |
| October 2025 | $145,936,579 | 10 | March 20, 2025 |
| October 2026 | $180,637,151 | 10 | March 26, 2026 |

Regulatory assets under management: $145,301,381 in the October 2022 data and $180,637,151 in the October 2026 data, up 24%.
Total employees: 8 in October 2022 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $145,936,579 to $180,637,151 (+24%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Richard Brothers, Financial Advisors (CRD 113826): Form ADV filing data as of October 2026.