Richardson Financial Services (RFS) provides financial planning to help clients achieve their financial goals. RFS also manages investment portfolios using the AssetMark and Envestnet platforms, selecting investment managers to align with each client's risk profile. RFS tailors its advice to each client's individual needs, based on information gathered through questionnaires and discussions.
Assets Under Management$210M
Clients603
Advisors3
Avg. per Client$350K
Avg. per Advisor$71M
Fee Structure
Minimum Investment:$500K
Planning is included in investment management (also available separately)
Richardson Financial Services (RFS) manages investments through the AssetMark and Envestnet platforms. Here's how the fees work:
- AssetMark Platform: Total fees range from 1.5% to 2.2% of your portfolio per year, including RFS's advisory fee (typically 1.00%) and AssetMark's fee.
- Envestnet Platform: Total fees range from 0.60% to 2.2% of your portfolio per year, including RFS's advisory fee (typically not more than 1.00%) and Envestnet's fee.
These fees cover investment management and custodial services. The specific fee depends on the investment solution you choose. Cash held in the account is also charged the same management fees. Lower fees may be negotiable.
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