Richards Merrill Wealth Management offers ongoing investment portfolio management and financial planning services tailored to each client's goals, time horizon, and risk tolerance. The firm operates two distinct advisory programs: the first program provides broader investment diversity, quarterly contact with the advisor, and includes financial planning services; the second program provides mutual fund model portfolios only, with annual contact and no financial planning included. Richards Merrill Wealth Management limits its money management to mutual funds, equities, bonds, exchange-traded funds, real estate investment trusts, government securities, and certificates of deposit. In addition to investment advisory services, the firm operates as a full-service broker-dealer and insurance agency, offering clients the option to purchase products that may involve commissions.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $25K | 0.90% |
| $25K - $50K | 0.85% |
| $50K - $100K | 0.80% |
| $100K - $250K | 0.75% |
| $250K - $500K | 0.95% |
| $500K - $1.0M | 0.80% |
| $1.0M - $3.0M | 0.75% |
| $3M+ | 0.67% |
Fees are negotiable. Schedule reflects the primary advisory program (IA 1) and second program (IA 2) ranges. Program 1 rates apply to higher tiers and include financial planning, while Program 2 rates apply to smaller accounts and do not include planning.