Gary Richmond is a registered investment advisor at Spc, based in Troy, MI, with 29 years of industry experience. Gary operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 30,881 clients with $5.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
SPC offers investment management through the SIGMA Managed Account program. Clients pay an annual account management fee based on a percentage of their account assets. The fee includes a program fee and the IAR's compensation. For example, if your account AUM is $1,500,000, the first $500,000 is billed at 2.50%, the next $250,000 at 1.75%, the next $250,000 at 1.50%, and the remaining $500,000 at 1.25%. The maximum annual advisory fee is 2.5%. The program fee is 0.15% on all assets. There is a $30 minimum annual program fee.
SPC also offers direct-at-fund programs where clients pay an annual asset-based investment management fee of 0.5%.
Location
2265 Livernois Rd, Ste 400, Troy, MI, 48083
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
March 2019Other Business ActivitiesSells Insurance
Gary is an insurance agent/representative selling fixed insurance products since 2010, dedicating about 10-20% of his time to this activity. He also co-owns family farmland and serves as Church President, dedicating minimal time to each.
Employment History
Current Registrations
Spc
Sigma Financial CorporationBroker
Previous Registrations
LPL Financial LLC
LPL Financial LLCBroker
Mutual Service CorporationBroker
Vestax Securities CorporationBroker
Signator Investors, INC.Broker
John Hancock Mutual Life Insurance CompanyBroker
State Registrations11 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.