{
  "crd_number": 158916,
  "slug": "richmond-brothers-inc-jackson-mi-158916",
  "primary_business_name": "RICHMOND BROTHERS, INC.",
  "legal_name": "RICHMOND BROTHERS, INC.",
  "dbas": [],
  "city": "Jackson",
  "state": "MI",
  "country": "United States",
  "cbsa_code": "27100",
  "metro": {
    "cbsa_code": "27100",
    "common_name": "Jackson",
    "msa_name": "Jackson, MI",
    "path": "/advisors/mi/jackson"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2011-09-28",
  "years_registered": 15,
  "period": "2026-10-01",
  "filing_date": "2026-03-30",
  "carried_forward": false,
  "raum_total": 240609821.0,
  "raum_discretionary": 240609821.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "100m_500m",
  "raum_band_label": "$100 million to $500 million",
  "total_employees": 20,
  "advisory_employees": 7,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 8382233.0,
      "count": 2
    },
    "individuals": {
      "raum": 116908704.0,
      "count": 566
    },
    "high_net_worth_individuals": {
      "raum": 115318884.0,
      "count": 99
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "FL",
    "MI",
    "NC",
    "OH",
    "TX"
  ],
  "websites": [
    "https://facebook.com/RICHMOND.BROTHERS",
    "https://linkedin.com/company/393013",
    "https://richmondbrothers.com",
    "https://twitter.com/RICHMONDBROSINC",
    "https://youtube.com/channel/UCnCGtff69ExB0I02_iI75gg"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/158916",
  "city_as_filed": "JACKSON",
  "url": "https://advisorcensus.com/firm/richmond-brothers-inc-jackson-mi-158916",
  "display_name": "Richmond Brothers, Inc.",
  "summary": "Richmond Brothers, Inc. is an SEC-registered investment advisory firm in Jackson, MI, registered since 2011, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.",
  "citation": "AdvisorCensus. Richmond Brothers, Inc. (CRD 158916): 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)"
  ],
  "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 Richmond Brothers, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Richmond Brothers, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Richmond Brothers, Inc. located?",
      "a": "Richmond Brothers, Inc.'s principal office is in Jackson, MI, according to its Form ADV."
    },
    {
      "q": "Is Richmond Brothers, Inc. registered with the SEC or a state?",
      "a": "Richmond Brothers, Inc. is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 158916."
    },
    {
      "q": "How much does Richmond Brothers, Inc. manage?",
      "a": "Richmond Brothers, Inc. reports $240,609,821 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Richmond Brothers, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Richmond Brothers, Inc.: Regulatory assets under management: $252,806,707 in the October 2021 data and $240,609,821 in the October 2026 data, down 5%. Total employees: 16 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Richmond Brothers, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (566); high net worth individuals (99); charitable organizations (2)."
    },
    {
      "q": "Which custodians does Richmond Brothers, Inc. use?",
      "a": "Richmond Brothers, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Richmond Brothers, Inc. report any disciplinary disclosures?",
      "a": "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/158916"
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 252806707.0,
      "total_employees": 16,
      "filing_date": "2021-09-29"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 273548051.0,
      "total_employees": 17,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 201459000.0,
      "total_employees": 17,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 231900000.0,
      "total_employees": 18,
      "filing_date": "2024-09-11"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 241700000.0,
      "total_employees": 17,
      "filing_date": "2025-04-01"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 240609821.0,
      "total_employees": 20,
      "filing_date": "2026-03-30"
    }
  ],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Fidelity Brokerage Services LLC",
      "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC",
      "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/richmond-brothers-inc-jackson-mi-158916.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 566,
      "fewer_than_5": false,
      "raum": 116908704.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 99,
      "fewer_than_5": false,
      "raum": 115318884.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 2,
      "fewer_than_5": false,
      "raum": 8382233.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "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/158916",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}