Richmond Brothers, Inc. fees and pricing

Published fees

Quoted from the firm's Form ADV Part 2A brochure, filed March 30, 2026. Fees can change, so confirm with the firm before you hire them.

Hourly rate

$250⁠-⁠$300/hr

“Our hourly fees are $250 to $300 for financial advisors, and $50 to $75 for administrative time.”

Flat or project fee

$1,000⁠-⁠$2,000

“Flat fees generally range from $1,000 to $2,000. 6 The fee(s) for our Financial Planning and Consulting service shall be directly billed to you and due to us within 30 days of your financial plan or consulting being delivered or consultation rendered to you.”

Read the full brochure (PDF) (opens in new tab)SEC adviser record (opens in new tab)

How Richmond Brothers, Inc. bills

Payment and refund terms, quoted from the fee section of the brochure.

• “We now charge fees monthly in arrears instead of quarterly in advance.”
• “They are typically not negotiable and offer discounts to employees and family members accounts.”
• “Fees will be deducted from each managed account monthly in arrears.”

How Richmond Brothers, Inc.’s fees compare

• Its hourly rate of $250-$300 is above the Michigan median of $250. 58% of the 170 other Michigan planners that publish an hourly rate charge less.
• Its flat or project fee of $1,000-$2,000 is below the Michigan median of $3,250. 21% of the 137 other Michigan planners that publish a flat or project fee charge less.

About Richmond Brothers, Inc.

• Firm size: 20 employees.
• Meets clients remotely: the brochure mentions virtual or online meetings.
• Registered as an adviser: 2011 (15 years).

Firm details from Form ADV

How the firm is paid

Hourly fees, fixed or flat fees, percentage of assets under management

Charges a % of assets

Yes

Highest asset based fee in brochure

1.75% a year

Clients

665

Employees

20

Works with

Individuals, high net worth individuals, and charities

Services reported to regulators

Financial planning, portfolio management for individuals and small businesses, and selecting other advisers

Assets managed

$240,609,821

Registered with

U.S. Securities and Exchange Commission

Disciplinary disclosures

None reported

SEC CRD number

158916

Website

twitter.com/richmondbrosinc (opens in new tab)

Phone

(517) 435-4040

Can advise clients in 6 states: Arizona, Florida, Michigan, North Carolina, Ohio, Texas

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• RMG Advisory ServicesJackson$270/hr
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• 46 and 2 Investment Advisors, LLCTraverse City$200/hr
• 4Square Advisory Services, Inc.Fenton$150/hr, Up to $1,500
• A B L E Wealth Management Solutions LLCAnn Arbor$400/hr, $500
• Advance Wealth Management Service, LLCGrand Rapids$300/hr, $5,000

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