{"url":"https://nivawealth.com/firms/allegiance-financial-group-113826","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/113826","regulatoryAum":180637151,"crd":"113826","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"8163164","suffix":null,"lastName":"CARROLL","firstName":"BENJAMIN","middleName":"Henry"},{"crd":"7396228","suffix":null,"lastName":"DESAI","firstName":"SMIT","middleName":"MAYANK"},{"crd":"5954185","suffix":null,"lastName":"LAUZON","firstName":"ZACHARY","middleName":"TYLER"},{"crd":"6206413","suffix":null,"lastName":"LINSCOTT","firstName":"LAURA","middleName":"MICHELLE"},{"crd":"2229267","suffix":null,"lastName":"RICHARD","firstName":"NEAL","middleName":"PATRICK"},{"crd":"1800517","suffix":null,"lastName":"RICHARD","firstName":"RANDALL","middleName":"JON"}],"total":6,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2022-03-30","regulatoryAum":145301381,"clients":185,"employees":8,"offices":1},{"filedOn":"2023-03-30","regulatoryAum":104284236,"clients":171,"employees":10,"offices":1},{"filedOn":"2024-03-27","regulatoryAum":130161134,"clients":176,"employees":10,"offices":1},{"filedOn":"2025-03-20","regulatoryAum":145936579,"clients":160,"employees":10,"offices":1},{"filedOn":"2026-03-26","regulatoryAum":180637151,"clients":173,"employees":10,"offices":1}],"secFileNumber":"801-122718","legalName":"Allegiance Financial Group, Inc.","displayName":"Allegiance Financial Group","slug":"allegiance-financial-group-113826","website":"https://richardbrothersfinancial.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/richard-brothers-financial-advisors","xUrl":"https://www.twitter.com/richardbrosfa","founded":null,"organization":"Maine corporation","fiscalYearEnd":"December","headquarters":{"street":"50 Donald B. Dean Drive, Suite One","city":"South Portland","state":"ME","stateName":"Maine","country":"United States","postalCode":"04106"},"tradeNames":[],"registration":{"secApproved":"18 November 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1036961.4624277457,"staff":{"employees":10,"advisory":6,"brokerDealerReps":7,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":180637151,"discretionary":174533784,"discretionaryAccounts":407,"nonDiscretionary":6103367,"nonDiscretionaryAccounts":26,"wrapProgram":null,"nonUsClientsPct":1,"nonAumClients":4},"clientTypes":[{"label":"Individuals (other than HNW)","clients":119,"regulatoryAum":39295243},{"label":"High-net-worth individuals","clients":54,"regulatoryAum":140099090},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":1240387},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":2431}],"feePrograms":[{"role":"other","program":"Financial Planning and Consulting (stand-alone)","summary":"Fixed fees generally from $3,000 to $20,000, or $150 to $300 an hour, negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027025","versionId":1027025,"submittedOn":"2026-03-26","documentName":"ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T12:16:21.732539+00:00","documents":[{"name":"ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027025","versionId":1027025,"submittedOn":"2026-03-26"}]},"custodians":[{"name":"Pershing Advisor Solutions LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":166346786}],"custodyNote":"Allegiance Financial Group does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Randall Richard","title":"President & Chief Compliance Officer","crd":"1800517"},{"name":"Neal Richard","title":"Managing Director","crd":"2229267"}],"ownership":[{"label":"Neal Richard","detail":"Managing director in the 50% to 75% ownership band and a control person, since April 1997."},{"label":"Randall Richard","detail":"President & chief compliance officer in the 50% to 75% ownership band and a control person, since September 1996."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Maine","offices":1,"addresses":[{"street":"50 Donald B. Dean Drive, Suite One","city":"South Portland","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"207-879-2352","stateRegisteredReps":6,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Portfolio management for businesses (other than small businesses) or institutional clients","Pension consulting services","Selection of other advisers (including private fund managers)","Other"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":9},{"label":"U.S. government/agency bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":78},{"label":"Cash and cash equivalents","percent":4},{"label":"Other","percent":8,"detail":"Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/113826/PDF/113826.pdf","brochureDate":"26 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1027025","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Allegiance Financial Group have?","answer":"Allegiance Financial Group has 173 clients and manages $181 million for them, as of March 2026. They include 119 individual clients and 54 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Allegiance Financial Group offer?","answer":"Allegiance Financial Group provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, pension consulting, and selecting other managers.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Allegiance Financial Group use?","answer":"Allegiance Financial Group’s separately managed account assets are held at Pershing Advisor Solutions LLC (Jersey City, NJ), with $166M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Allegiance Financial Group have?","answer":"Allegiance Financial Group has 6 investment adviser representatives registered with state securities authorities, out of 10 employees, and 6 perform investment advisory functions. 7 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Allegiance Financial Group invest in?","answer":"At the end of its last fiscal year, Allegiance Financial Group’s separately managed accounts held 78% registered funds (mutual funds, ETFs, BDCs), 9% exchange-traded equities, 8% other, 4% cash and equivalents and 1% U.S. government and agency bonds. The 8% other category is described as: Annuities.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Allegiance Financial Group?","answer":"Allegiance Financial Group’s direct owners are Neal Richard (50% to 75%) and Randall Richard (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Allegiance Financial Group get paid?","answer":"Allegiance Financial Group is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.","source":"Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Allegiance Financial Group?","answer":"Allegiance Financial Group’s main office is at 50 Donald B. Dean Drive, Suite One, South Portland, ME 04106. Its phone number is 207-879-2352. Its website is richardbrothersfinancial.com.","source":"Form ADV Part 1A, Item 1.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}