Richmond Investment Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Richmond Investment Services reports 890 clients. They include 484 individual clients, 393 high-net-worth individuals and 7 charitable organizations. Of its assets, 100.0% ($453M across 1,438 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $453M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 54% | 24% |
| High-net-worth individuals | 44% | 74% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 484 | $108M | 23.8% | $223K |
| High-net-worth individuals | 393 | $338M | 74.5% | $859K |
| Pension and profit-sharing plans | Fewer than 5 | $2.97M | 0.7% | $1.49M |
| Charitable organizations | 7 | $4.29M | 0.9% | $613K |
| Corporations and other businesses | Fewer than 5 | $271K | 0.1% | $67.6K |
| Total | 890 | $453M | 100% | — |
- Clients
- 484
- Regulatory AUM
- $108M
- AUM share
- 23.8%
- Avg. per client
- $223K
- Clients
- 393
- Regulatory AUM
- $338M
- AUM share
- 74.5%
- Avg. per client
- $859K
- Clients
- Fewer than 5
- Regulatory AUM
- $2.97M
- AUM share
- 0.7%
- Avg. per client
- $1.49M
- Clients
- 7
- Regulatory AUM
- $4.29M
- AUM share
- 0.9%
- Avg. per client
- $613K
- Clients
- Fewer than 5
- Regulatory AUM
- $271K
- AUM share
- 0.1%
- Avg. per client
- $67.6K
Total
- Clients
- 890
- Regulatory AUM
- $453M
- 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
- 0
Richmond Investment Services charges 1.50%–2.00% a year for its Individually managed accounts (wrap fee). The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Fixed-fee investment services
- Investment services may be priced as a negotiated fixed fee under a one-year agreement, with any advance payment capped at $1,200 and six months.
- Stand-alone financial planning
- Stand-alone financial planning and non-investment consulting is a negotiated fee set in a separate written agreement.
Matthew Richmond owns 75% or more of Richmond Investment Services. It has 22 employees, 11 of them in advisory roles.
Leadership
- Matthew RichmondPrincipal/CEO/CCO
Investment adviser representatives
14 representatives listed in the SEC register as of 9 October 2026.
Staff
- 22 employees
- 11 in advisory functions
- 14 state-registered reps
- 14 broker-dealer reps
- 11 insurance agents
- Owns 75% or more of Richmond Investment Services LLC
Matthew Richmond
Control person · since September 2006
Richmond Investment Services’ regulatory assets grew from $360M (July 2024) to $453M (August 2026); clients rose from 604 to 890 and employees fell from 26 to 22.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Aug 2026August 2026 | $453M | 890 | 22 | 2 |
| Jul 2025July 2025 | $393M | 862 | 10 | 2 |
| Jul 2024July 2024 | $360M | 604 | 26 | 2 |
Besides its headquarters, Richmond Investment Services has 1 office, with 2 listed addresses across 2 states.
Iowa · 1 listed address
- 470 W. 4th Street, Dubuque
Wisconsin · 1 listed address
- 7702 W Mequon RD, MequonHQ
Other business names
Richmond Investment Services has reported 1 other business name to the SEC.
- Goldfinch Wealth Management
Contact and registration details
- Legal name
- Richmond Investment Services LLC
- Headquarters
- 7702 W Mequon RD, Mequon, WI 53097-3217
- Website
- Not reported
- Phone
- 262-242-4200
- SEC file
- 801-129477
- Structure
- Wisconsin LLC
- Fiscal year end
- December
Richmond Investment Services’ named custodian for separately managed accounts is LPL Financial ($453M). Richmond Investment Services does not have custody of client assets.
- LPL FinancialLPL Financial LLC · Fort Mill, SC · $453M100%
At year end, Richmond Investment Services’ separately managed accounts were mostly in funds (80%). Its reported 13F holdings for the quarter ended 30 June 2026 total $316M across 145 positions; the largest are iShares TR (12.8%), Invesco Qqq TR (8.6%) and SPDR Series Trust (6.9%).
What the accounts hold
- Stocks7%
- Funds80%
- Bonds9%
- High-yield corporate bonds6%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash3%
- Other1%
- Pending purchase, previous metals, rightsm units warrants or structured products1%
Reported 13F holdings
- $316M
- Reported 13F value
- 145
- Positions
- 51.3%
- In the 10 largest
- −48.9%
- Value vs. prior quarter
- iShares TR · Rus Top 200 ETF12.8%
- Invesco Qqq TR · Unit Ser 18.6%
- SPDR Series Trust · ST Str P500etf6.9%
- Vaneck ETF Trust · Semiconductr ETF4.3%
- Janus Detroit Str TR · Hendrsn Shrt ETF3.6%
- Vaneck ETF Trust · Gold Miners ETF3.2%
- Vaneck ETF Trust · Mrngstr Wde Moat3.1%
- First TR Exchange-traded Alp · Sml CP Grw Alp3.1%
- First TR Exchange Traded FD · Smid Risng ETF3.0%
- Invesco Actively Managed Exc · Total Return2.8%
Together, the ten largest are 51.3% of reported value.
How many clients does Richmond Investment Services have?
Richmond Investment Services has 890 clients and manages $453 million for them, as of August 2026. They include 484 individual clients, 393 high-net-worth individuals and 7 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 10 August 2026
What services does Richmond Investment Services offer?
Richmond Investment Services provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Richmond Investment Services charge?
Richmond Investment Services charges 1.50%–2.00% a year for its Individually managed accounts (wrap fee). The fee is billed in advance and is negotiable.
Which custodians does Richmond Investment Services use?
Richmond Investment Services’ separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $453M. 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 August 2026
How many financial advisors does Richmond Investment Services have?
Richmond Investment Services has 14 investment adviser representatives registered with state securities authorities, out of 22 employees, and 11 perform investment advisory functions. 14 employees are registered representatives of a broker-dealer and 11 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 Investment Services invest in?
At the end of its last fiscal year, Richmond Investment Services’ separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 7% exchange-traded equities, 6% high-yield corporate bonds, 3% cash and equivalents, 1% U.S. government and agency bonds, 1% state and local bonds, 1% investment grade corporate bonds and 1% other. The 1% other category is described as: Pending Purchase, Previous Metals, Rightsm Units Warrants Or Structured Products.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Richmond Investment Services?
Richmond Investment Services’ direct owner is Matthew Richmond (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 10 August 2026
How does Richmond Investment Services get paid?
Richmond Investment Services 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
How do I contact Richmond Investment Services?
Richmond Investment Services’ main office is at 7702 W Mequon RD, Mequon, WI 53097-3217. Its phone number is 262-242-4200.