{
  "crd_number": 156812,
  "slug": "richard-w-paul-and-associates-llc-novi-mi-156812",
  "primary_business_name": "RICHARD W. PAUL & ASSOCIATES, LLC",
  "legal_name": "RICHARD W. PAUL & ASSOCIATES, LLC",
  "dbas": [],
  "city": "Novi",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "19820",
  "metro": {
    "cbsa_code": "19820",
    "common_name": "Detroit",
    "msa_name": "Detroit-Warren-Dearborn, MI",
    "path": "/advisors/mi/detroit"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-07-23",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-03-25",
  "carried_forward": false,
  "raum_total": 372819349.0,
  "raum_discretionary": 372819349.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 8,
  "advisory_employees": 6,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 364128.0,
      "count": 1,
      "fewer_than_5": true
    },
    "individuals": {
      "raum": 60183617.0,
      "count": 325
    },
    "high_net_worth_individuals": {
      "raum": 312271604.0,
      "count": 348
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 1,
  "states_registered": [
    "FL",
    "MI",
    "TX"
  ],
  "websites": [
    "https://facebook.com/RICHARDWPAULMI",
    "https://linkedin.com/IN/RICHARDWPAUL",
    "https://plus.google.com/114414906642677682576",
    "https://rwpaul.com",
    "https://twitter.com/RICHARDWPAUL",
    "https://youtube.com/USER/RICHARDWPAULMI/FEED"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156812",
  "disclosure_items": [
    {
      "item": "11.D(3)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was a cause of an investment-related business having its authorization to do business denied, suspended, revoked, or restricted?"
    }
  ],
  "city_as_filed": "NOVI",
  "url": "https://advisorcensus.com/firm/richard-w-paul-and-associates-llc-novi-mi-156812",
  "display_name": "Richard W. Paul & Associates, LLC",
  "summary": "Richard W. Paul & Associates, LLC is an SEC-registered investment advisory firm in Novi, MI, registered since 2019, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 25, 2026.",
  "citation": "AdvisorCensus. Richard W. Paul & Associates, LLC (CRD 156812): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Richard W. Paul & Associates, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Richard W. Paul & Associates, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other."
    },
    {
      "q": "Where is Richard W. Paul & Associates, LLC located?",
      "a": "Richard W. Paul & Associates, LLC's principal office is in Novi, MI, according to its Form ADV; the April 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Richard W. Paul & Associates, LLC registered with the SEC or a state?",
      "a": "Richard W. Paul & Associates, LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 156812."
    },
    {
      "q": "How much does Richard W. Paul & Associates, LLC manage?",
      "a": "Richard W. Paul & Associates, LLC reports $372,819,349 in regulatory assets under management in its Form ADV filing dated March 25, 2026 (100% discretionary)."
    },
    {
      "q": "How have Richard W. Paul & Associates, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Richard W. Paul & Associates, LLC: Regulatory assets under management: $211,386,769 in the October 2021 data and $372,819,349 in the October 2026 data, up 76%. Total employees: 8 in October 2021 and 8 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Richard W. Paul & Associates, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (348); individuals (other than high net worth individuals) (325); charitable organizations (1)."
    },
    {
      "q": "Which custodians does Richard W. Paul & Associates, LLC use?",
      "a": "Richard W. Paul & Associates, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Custody and Brokerage Services to Registered Investment Advisors as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Richard W. Paul & Associates, LLC report any disciplinary disclosures?",
      "a": "Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(3) (another regulator's finding of causing a business's authorization to be denied, suspended, revoked, or restricted). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/156812"
    },
    {
      "q": "Does Richard W. Paul & Associates, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 11, 2026 says: \"The Firm requires a minimum of $500,000 to open an account. We reserve the right to waive the minimum account size at our discretion.\""
    },
    {
      "q": "What changed in Richard W. Paul & Associates, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 7 to 6. Regulatory assets under management went from $323,337,711 to $372,819,349 (+15%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 211386769.0,
      "total_employees": 8,
      "filing_date": "2021-09-28"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 268607419.0,
      "total_employees": 8,
      "filing_date": "2022-02-24"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 263833052.0,
      "total_employees": 9,
      "filing_date": "2023-09-13"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 292603081.0,
      "total_employees": 9,
      "filing_date": "2024-02-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 323337711.0,
      "total_employees": 9,
      "filing_date": "2025-03-13"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 372819349.0,
      "total_employees": 8,
      "filing_date": "2026-03-25"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 7 to 6.",
        "Regulatory assets under management went from $323,337,711 to $372,819,349 (+15%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 11, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$500,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $500,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "The Firm requires a minimum of $500,000 to open an account. We reserve the right to waive the minimum account size at our discretion."
        ]
      }
    ],
    "quotes": [
      "The Firm requires a minimum of $500,000 to open an account. We reserve the right to waive the minimum account size at our discretion."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Custody and Brokerage Services to Registered Investment Advisors",
      "name_as_filed": "CUSTODY AND BROKERAGE SERVICES TO REGISTERED INVESTMENT ADVISORS",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/richard-w-paul-and-associates-llc-novi-mi-156812.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 325,
      "fewer_than_5": false,
      "raum": 60183617.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 348,
      "fewer_than_5": false,
      "raum": 312271604.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 1,
      "fewer_than_5": true,
      "raum": 364128.0
    }
  ],
  "disclosure_line": "Reports 1 disclosure item on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/156812",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}