# Richards Merrill Wealth Management

> Richards Merrill Wealth Management is an SEC-registered investment advisory firm in Spokane, WA, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 10, 2026.

- CRD: 713
- Filed as: RICHARDS MERRILL WEALTH MANAGEMENT
- Legal name: Richards, Merrill & Peterson, Inc.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Spokane, WA
- Filing period: October 2026
- Form ADV filing dated: March 10, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/713
- AdvisorCensus page: https://advisorcensus.com/firm/richards-merrill-wealth-management-spokane-wa-713

## Quick answers

**How is Richards Merrill Wealth Management compensated?**
On its Form ADV (Item 5.E, October 2026), Richards Merrill Wealth Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Richards Merrill Wealth Management located?**
Richards Merrill Wealth Management's principal office is in Spokane, WA, according to its Form ADV.

**Is Richards Merrill Wealth Management registered with the SEC or a state?**
Richards Merrill Wealth Management is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 713.

**How much does Richards Merrill Wealth Management manage?**
Richards Merrill Wealth Management reports $643,598,531 in regulatory assets under management in its Form ADV filing dated March 10, 2026 (86% discretionary).

**How have Richards Merrill Wealth Management's assets and staff changed since 2021?**
In the Form ADV data for Richards Merrill Wealth Management: Regulatory assets under management: $230,121,671 in the October 2021 data and $643,598,531 in the October 2026 data, up 180%. Total employees: 8 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Richards Merrill Wealth Management serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,094); high net worth individuals (176); pension and profit sharing plans (but not the plan participants or government pension plans) (7).

**Which custodians does Richards Merrill Wealth Management use?**
Richards Merrill Wealth Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Wells Fargo Clearing Services, LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Richards Merrill Wealth Management report any disciplinary disclosures?**
Reports 4 disclosure items on Form ADV Item 11: yes answers to 11.D(1) (another regulator's finding of a false statement or omission, or of dishonest, unfair, or unethical conduct), 11.D(2) (another regulator's finding of a violation), 11.D(4) (another regulator's order in the past ten years), and 11.E(2) (self-regulatory organization's finding of a rule violation). 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/713

**What changed in Richards Merrill Wealth Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $514,464,239 to $643,598,531 (+25%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Wells Fargo Clearing Services, 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: $643,598,531
- Discretionary: $550,430,177
- Non-discretionary: $93,168,354

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,094 | $202,371,406 |
| High net worth individuals | 176 | $344,605,953 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $72,278,693 |
| Charitable organizations | Fewer than 5 | $24,342,479 |

### 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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 10 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AZ, CA, FL, ID, MT, NE, NH, OR, TX, WA
- Disclosures (Item 11): Reports 4 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(1): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?
- 11.D(4): In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.E(2): Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/713

### Websites listed on Form ADV (Item 1.I)
- rmwealthmgmt.com
- LinkedIn @RMWEALTHMGMT

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $230,121,671 | 8 | September 8, 2021 |
| October 2022 | $289,093,457 | 7 | May 24, 2022 |
| October 2023 | $290,027,942 | 7 | March 28, 2023 |
| October 2024 | $395,784,920 | 8 | April 30, 2024 |
| October 2025 | $514,464,239 | 10 | July 30, 2025 |
| October 2026 | $643,598,531 | 10 | March 10, 2026 |

Regulatory assets under management: $230,121,671 in the October 2021 data and $643,598,531 in the October 2026 data, up 180%.
Total employees: 8 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $514,464,239 to $643,598,531 (+25%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Richards Merrill Wealth Management (CRD 713): Form ADV filing data as of October 2026.