Richmond Brothers provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Richmond Brothers reports 667 clients. They include 566 individual clients, 99 high-net-worth individuals and 2 charitable organizations. Of its assets, 100.0% ($241M across 1,866 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 85% | 49% |
| High-net-worth individuals | 15% | 48% |
| Charitable organizations | <1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 566 | $117M | 48.6% | $207K |
| High-net-worth individuals | 99 | $115M | 47.9% | $1.16M |
| Charitable organizations | 2 | $8.38M | 3.5% | $4.19M |
| Total | 667 | $241M | 100% | $361K |
- Clients
- 566
- Regulatory AUM
- $117M
- AUM share
- 48.6%
- Avg. per client
- $207K
- Clients
- 99
- Regulatory AUM
- $115M
- AUM share
- 47.9%
- Avg. per client
- $1.16M
- Clients
- 2
- Regulatory AUM
- $8.38M
- AUM share
- 3.5%
- Avg. per client
- $4.19M
Total
- Clients
- 667
- Regulatory AUM
- $241M
- AUM share
- 100%
- Avg. per client
- $361K
- 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
- 0
Richmond Brothers charges 1.00%–1.75% a year for its Comprehensive Portfolio Management. Each asset band is charged at its own rate. The fee requires an account of at least $250,000. The brochure also prices one other service, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.75% |
| $500K–$1M | 1.55% |
| $1M–$5M | 1.15% |
| $5M and above | 1.00% |
Fee details and sources
Other fees
- Financial Planning & Consulting
- Financial planning and consulting is billed hourly at $250 to $300 for financial advisors and $50 to $75 for administrative time, or as a flat fee generally from $1,000 to $2,000.
David Richmond owns 50% to 75% of Richmond Brothers. The leadership team of Richmond Brothers includes President Matthew Curfman and Chief Compliance Officer Gary Pirner. It has 20 employees, 7 of them in advisory roles.
Leadership
Matthew CurfmanSenior Vice President of Investment Services
David RichmondPresident- Gary PirnerChief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 20 employees
- 7 in advisory functions
- 5 state-registered reps
- 4 insurance agents
- Owns 50% to 75% of Richmond Brothers, Inc.
David Richmond
Control person · since September 2011
- Owns 10% to 25% of Richmond Brothers, Inc.
Matthew Curfman
Control person · since September 2011
Richmond Brothers’ regulatory assets went from $253M (June 2021) to $241M (March 2026); clients fell from 811 to 667 and employees rose from 16 to 20.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $241M | 667 | 20 | 1 |
| April 2025 | $242M | 708 | 17 | 1 |
| March 2024 | $232M | 784 | 18 | 1 |
| March 2023 | $201M | 728 | 17 | 1 |
| March 2022 | $274M | 749 | 17 | 1 |
| June 2021 | $253M | 811 | 16 | 1 |
Besides its headquarters, Richmond Brothers has 0 offices, with 1 listed address in Michigan.
Michigan · 1 listed address
- 3568 Wildwood Avenue, JacksonHQ
Contact and registration details
- Legal name
- Richmond Brothers, Inc.
- Headquarters
- 3568 Wildwood Avenue, Jackson, MI 49202
- Website
- richmondbrothers.com
- Phone
- 517-435-4040
- @393013
- SEC file
- 801-72736
- Structure
- Michigan corporation
- Fiscal year end
- December
Richmond Brothers uses Fidelity ($241M) as custodian for its separately managed accounts. Richmond Brothers has custody of client assets.
- FidelityFidelity Brokerage Services LLC · Omaha, NE · $241M100%
At year end, Richmond Brothers’ separately managed accounts were mostly in stocks (68%) and bonds (20%). Its reported 13F holdings for the quarter ended 30 June 2026 total $192M across 96 positions; the largest are Invesco Qqq TR (14.8%), Apple Inc. (4.7%) and Nvidia Corporation (3.3%).
What the accounts hold
- Stocks68%
- Funds4%
- Bonds20%
- U.S. government and agency bonds10%
- Investment grade corporate bonds10%
- Cash7%
- Other1%
- Alternative investments1%
Reported 13F holdings
- $192M
- Reported 13F value
- 96
- Positions
- 36.5%
- In the 10 largest
- +28.1%
- Value vs. prior quarter
- Invesco Qqq TR · Unit Ser 114.8%
- Apple Inc.4.7%
- Nvidia Corporation3.3%
- Microsoft Corp.3.1%
- Vanguard World FD · Inf Tech ETF2.0%
- Vanguard World FD · Industrial ETF1.8%
- Aim ETF Products Trust · Allianzim US EQT1.8%
- Berkshire Hathaway Inc. Del · CL B New1.7%
- Amazon Com Inc.1.7%
- Vanguard World FD · Energy ETF1.7%
Together, the ten largest are 36.5% of reported value.
How many clients does Richmond Brothers have?
Richmond Brothers has 667 clients and manages $241 million for them, as of March 2026. They include 566 individual clients, 99 high-net-worth individuals and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Richmond Brothers offer?
Richmond Brothers provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Richmond Brothers charge?
Richmond Brothers charges 1.00%–1.75% a year for its Comprehensive Portfolio Management. Each asset band is charged at its own rate. The fee requires an account of at least $250,000.
Source: RB - FORM ADV PART 2A - FIRM BROCHURE, filed 30 March 2026
Which custodians does Richmond Brothers use?
Richmond Brothers’ separately managed account assets are held at Fidelity Brokerage Services LLC (Omaha, NE), with $241M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 March 2026
How many financial advisors does Richmond Brothers have?
Richmond Brothers has 5 investment adviser representatives registered with state securities authorities, out of 20 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 4 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
What does Richmond Brothers invest in?
At the end of its last fiscal year, Richmond Brothers’ separately managed accounts held 68% exchange-traded equities, 10% U.S. government and agency bonds, 10% investment grade corporate bonds, 7% cash and equivalents, 4% pooled vehicles (private funds and similar) and 1% other. The 1% other category is described as: Alternative Investments.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Richmond Brothers have a minimum investment?
Yes, Richmond Brothers’ minimum account size for its Comprehensive Portfolio Management is $250K.
Source: RB - FORM ADV PART 2A - FIRM BROCHURE, filed 30 March 2026
Who owns Richmond Brothers?
Richmond Brothers’ direct owners are David Richmond (50% to 75%) and Matthew Curfman (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Richmond Brothers get paid?
Richmond Brothers 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
Is Richmond Brothers registered with the SEC?
Yes, Richmond Brothers has been registered with the SEC as an investment adviser since 28 September 2011. Its CRD number is 158916 and its SEC file number is 801-72736.
Source: Form ADV Part 1A, Item 1, filed 30 March 2026; IAPD firm record
How do I contact Richmond Brothers?
Richmond Brothers’ main office is at 3568 Wildwood Avenue, Jackson, MI 49202. Its phone number is 517-435-4040. Its website is richmondbrothers.com.