David Richmond
David Richmond is a ChFC-designated registered investment advisor at Richmond Brothers, INC., based in Jackson, MI, with 17 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Financial Planning & Coaching, and 4 more. Their firm serves 708 clients with $240M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.35% |
| $500K - $1.0M | 1.20% |
| $1M+ | 1.00% |
Beacon Capital Management charges separate fees ranging up to 0.40% annually with a $100 minimum annual fee. Total annual advisory fee will not exceed 1.75%.
Fee Estimator
Location
3568 Wildwood Avenue, Jackson, MI, 49202
Get directionsHistory
Regulatory History (2)
Customer Dispute
February 2022Customer Dispute
February 2013Other Business ActivitiesSells Insurance
David is an independent insurance agent selling fixed life insurance, long-term care, and fixed annuities. He is also the owner of Richmond Brothers Place, LLC, chairman/CIO of Richmond Brothers, a board member for multiple non-profit organizations, and a managing member of RBI PI Manager, LLC, a private fund manager, taking about a quarter of his time.
Employment History
Current Registrations
Richmond Brothers, INC.
Previous Registrations
Spc
State Registrations5 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.