Richards Merrill Wealth Management
Assets Under Management
$514.5M
Number of Clients
359
Number of Advisors
8
Average Client AUM
$1.4M
AUM per Advisor
$64.3M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Richards Merrill Wealth Management provides ongoing portfolio management based on client goals and risk tolerance. They create investment policy statements and offer financial planning services, including net worth analysis, retirement planning, and estate planning considerations. They primarily invest in mutual funds, equities, bonds, ETFs, REITs, and government securities.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $25K | 0.90% |
| $25K - $50K | 0.85% |
| $50K - $100K | 0.80% |
| $100K - $250K | 0.75% |
| $250K - $500K | 0.95% |
| $500K - $1.0M | 0.80% |
| $1.0M - $3.0M | 0.75% |
| $3M+ | 0.67% |
Fees are negotiable.
Fee Estimator
This firm offers two advisory programs, IA1 and IA2, with different fee schedules. IA1 provides more investment diversity and quarterly contact, while IA2 focuses on mutual fund models with annual contact. IA1 fees range from 1.00% on the first $250,000 to 0.67% for amounts over $3 million. IA2 fees range from 0.90% on the first $25,000 to 0.75% for amounts over $100,000. IA1 fees include financial planning, while IA2 fees do not. Fees are negotiable. Clients are responsible for custodian and transaction fees.
Areas of Practice
Location
612 West Main Street, The M Building Suite 201, Spokane, WA, 99201-0645