Richards, Merrill & Peterson provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions. Financial planning was provided to 1–10 clients last fiscal year.
Richards, Merrill & Peterson reports 1,277 clients. They include 1,094 individual clients, 176 high-net-worth individuals, and 7 pension and profit-sharing plans. Of its assets, 85.5% ($550M across 1,109 accounts) are managed with discretion; $93.2M across 171 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 86% | 31% |
| High-net-worth individuals | 14% | 54% |
| Pension and profit-sharing plans | <1% | 11% |
| Charitable organizations | Fewer than 5 | 4% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,094 | $202M | 31.4% | $185K |
| High-net-worth individuals | 176 | $345M | 53.5% | $1.96M |
| Pension and profit-sharing plans | 7 | $72.3M | 11.2% | $10.3M |
| Charitable organizations | Fewer than 5 | $24.3M | 3.8% | — |
| Total | 1,277 | $644M | 100% | — |
- Clients
- 1,094
- Regulatory AUM
- $202M
- AUM share
- 31.4%
- Avg. per client
- $185K
- Clients
- 176
- Regulatory AUM
- $345M
- AUM share
- 53.5%
- Avg. per client
- $1.96M
- Clients
- 7
- Regulatory AUM
- $72.3M
- AUM share
- 11.2%
- Avg. per client
- $10.3M
- Clients
- Fewer than 5
- Regulatory AUM
- $24.3M
- AUM share
- 3.8%
- Avg. per client
- —
Total
- Clients
- 1,277
- Regulatory AUM
- $644M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
Richards, Merrill & Peterson is paid through a percentage of assets under management and fixed fees (other than subscription fees); its fees and minimums are set out in its brochures on the SEC website.
John Scott Larson owns 25% to 50% of Richards, Merrill & Peterson. The leadership team of Richards, Merrill & Peterson includes President Mark J Calkins. It has 10 employees.
Leadership
- Mark J CalkinsPresident Co-CCO
- Thomas Lee McDonaldExecutive Vice President CFO & BD Co-CCO
- Monique Celeste CoriglianoRegistered Representative
- Charles David CowgillRIA Co-CCO
- Steven Richard LarsonChairman Emeritus
- John Scott LarsonCEO Chairman of the Board
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
- Mark J Calkins
- Monique Celeste Corigliano
- Charles David Cowgill
- Thomas Bruce Kendall
- John Scott Larson
- John-Michael Larson
- Steven Richard Larson
- Frederic A Lefriec
- Timothy Joel Williams
Staff
- 10 employees
- 10 in advisory functions
- 10 state-registered reps
- 10 broker-dealer reps
- 1 insurance agent
- Owns 25% to 50% of Richards, Merrill & Peterson, Inc.
John Scott Larson
Control person · since January 2026
- Owns 10% to 25% of Richards, Merrill & Peterson, Inc.
Steven Richard Larson
Control person · since July 2025
- Owns 10% to 25% of Richards, Merrill & Peterson, Inc.
Thomas Lee McDonald
Control person · since July 2025
- Owns 10% to 25% of Richards, Merrill & Peterson, Inc.
Mark J Calkins
Control person · since January 2026
Richards, Merrill & Peterson’s regulatory assets grew 2.8× from $230M (March 2021) to $644M (March 2026); clients rose from 651 to 1,277 and employees from 8 to 10.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $644M | 1,277 | 10 | 1 |
| July 2025 | $514M | 359 | 10 | 1 |
| April 2024 | $396M | 935 | 8 | 1 |
| March 2023 | $290M | 819 | 7 | 1 |
| May 2022 | $289M | 733 | 7 | 1 |
| March 2021 | $230M | 651 | 8 | 1 |
Besides its headquarters, Richards, Merrill & Peterson has 0 offices, with 1 listed address in Washington.
Washington · 1 listed address
- 612 West Main Ave., the M Building Suite 201, SpokaneHQ
Contact and registration details
- Legal name
- Richards, Merrill & Peterson, Inc.
- Headquarters
- 612 West Main Ave., The M Building Suite 201, Spokane, WA 99201-0645
- Website
- rmwealthmgmt.com
- Phone
- 509-624-3174
- SEC file
- 801-113034
- Structure
- Washington corporation
- Fiscal year end
- December
Richards, Merrill & Peterson uses Wells Fargo Clearing Services ($571M) as custodian for its separately managed accounts. Richards, Merrill & Peterson has custody of $571M in client assets for 1,273 clients.
- Wells Fargo Clearing ServicesWells Fargo Clearing Services, LLC · St. Louis, MO · $571M100%
At year end, Richards, Merrill & Peterson’s separately managed accounts were largely in funds (44%) and stocks (41%).
What the accounts hold
- Stocks41%
- Funds44%
- Bonds9%
- U.S. government and agency bonds5%
- State and local bonds2%
- Investment grade corporate bonds2%
- Cash6%
How many clients does Richards, Merrill & Peterson have?
Richards, Merrill & Peterson has 1,277 clients and manages $644 million for them, as of March 2026. They include 1,094 individual clients, 176 high-net-worth individuals, and 7 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 March 2026
What services does Richards, Merrill & Peterson offer?
Richards, Merrill & Peterson provides financial planning, portfolio management for individuals and small businesses, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Richards, Merrill & Peterson use?
Richards, Merrill & Peterson’s separately managed account assets are held at Wells Fargo Clearing Services, LLC (St. Louis, MO), with $571M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 10 March 2026
How many financial advisors does Richards, Merrill & Peterson have?
Richards, Merrill & Peterson has 10 investment adviser representatives registered with state securities authorities, out of 10 employees, and 10 perform investment advisory functions. 10 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Richards, Merrill & Peterson invest in?
At the end of its last fiscal year, Richards, Merrill & Peterson’s separately managed accounts held 44% registered funds (mutual funds, ETFs, BDCs), 41% exchange-traded equities, 6% cash and equivalents, 5% U.S. government and agency bonds, 2% state and local bonds and 2% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Richards, Merrill & Peterson?
Richards, Merrill & Peterson’s direct owners are Steven Richard Larson, John Scott Larson, Thomas Lee McDonald and Mark J Calkins, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 10 March 2026
How does Richards, Merrill & Peterson get paid?
Richards, Merrill & Peterson is paid through a percentage of assets under management 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
How do I contact Richards, Merrill & Peterson?
Richards, Merrill & Peterson’s main office is at 612 West Main Ave., The M Building Suite 201, Spokane, WA 99201-0645. Its phone number is 509-624-3174. Its website is rmwealthmgmt.com.