# Richmond Brothers, Inc.

> 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.

- CRD: 158916
- Filed as: RICHMOND BROTHERS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Jackson, MI
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/158916
- AdvisorCensus page: https://advisorcensus.com/firm/richmond-brothers-inc-jackson-mi-158916

## Quick answers

**How is Richmond Brothers, Inc. compensated?**
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).

**How much does Richmond Brothers, Inc. charge?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Hourly rate: $250 to $300 an hour (financial advisors for financial planning and consulting services); Flat fee: $1,000 to $2,000 (financial planning and consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Richmond Brothers, Inc. located?**
Richmond Brothers, Inc.'s principal office is in Jackson, MI, according to its Form ADV.

**Is Richmond Brothers, Inc. registered with the SEC or a state?**
Richmond Brothers, Inc. is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 158916.

**How much does Richmond Brothers, Inc. manage?**
Richmond Brothers, Inc. reports $240,609,821 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Richmond Brothers, Inc.'s assets and staff changed since 2021?**
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.

**What types of clients does Richmond Brothers, Inc. serve?**
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).

**Which custodians does Richmond Brothers, Inc. use?**
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.

**Does Richmond Brothers, Inc. 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/158916

## 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 30, 2026)

- Hourly rate: $250 to $300 an hour (financial advisors for financial planning and consulting services)

> Our hourly fees are $250 to $300 for financial advisors, and $50 to $75 for administrative time.

- Flat fee: $1,000 to $2,000 (financial planning and consulting services)

> Flat fees generally range from $1,000 to $2,000.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Brokerage 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: $240,609,821
- Discretionary: $240,609,821
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 566 | $116,908,704 |
| High net worth individuals | 99 | $115,318,884 |
| Charitable organizations | 2 | $8,382,233 |

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

### Firm details
- Registered since: 2011 (15 years)
- Employees: 20 total, 7 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, FL, MI, NC, OH, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- richmondbrothers.com
- Facebook @RICHMOND.BROTHERS
- LinkedIn @393013
- X @RICHMONDBROSINC
- YouTube @UCnCGtff69ExB0I02_iI75gg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $252,806,707 | 16 | September 29, 2021 |
| October 2022 | $273,548,051 | 17 | March 31, 2022 |
| October 2023 | $201,459,000 | 17 | March 31, 2023 |
| October 2024 | $231,900,000 | 18 | September 11, 2024 |
| October 2025 | $241,700,000 | 17 | April 1, 2025 |
| October 2026 | $240,609,821 | 20 | March 30, 2026 |

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.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Richmond Brothers, Inc. (CRD 158916): Form ADV filing data as of October 2026.