Richard W. Paul & Associates, LLC
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Learn more about Richard W. Paul & Associates, LLC
Overview
Richard W. Paul & Associates, LLC operates as a financial advisory firm located in Novi, Michigan. The company manages $237.0 million in total assets over 1,731 customer accounts, placing it in the mid-tier of firms in the nation by assets under management (AUM). The firm has a small team, including 6 financial advisors. Richard W. Paul & Associates, LLC does not act as a registered broker-dealer, meaning the firm is not able to buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are tradable fiscal investments like options, bonds and equities.
Richard W. Paul & Associates, LLC manages all of the firm's accounts on a discretionary basis. Discretionary management is a structure in which a portfolio manager makes transaction choices without requiring the client's approval. The company oversees an average of $136,911 for every client account. The typical financial advisor at Richard W. Paul & Associates, LLC administers around 289 client accounts.
The firm's main office is located at 39555 Orchard Hill Place, Novi, Michigan 48375. It is legally permitted to serve customers throughout 3 states, including Florida, Michigan and Texas.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Richard W. Paul & Associates, LLC by the Numbers
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/assets@2x.png)
$237.0 million
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/employees@2x.png)
8
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/accounts@2x.png)
1,731
![](https://d31s10tn3clc14.cloudfront.net/imgs/falc/account-size@2x.png)
$136.9 thousand
Products and Services
Richard W. Paul & Associates, LLC offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and selection of other advisers. Notably, it did not provide financial planning services to any of its clients in the previous fiscal year. Richard W. Paul & Associates, LLC does not sell products or offer services other than investment advice to its investment advisory customers. The firm also has a number of financial industry affiliations, including with a broker-dealer or securities dealer and insurance company or agency.
Core Advisor Services
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Offered by 31% of firms
Financial Planning Services
This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.
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Offered by 46% of firms
Portfolio Management
This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.
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Find a firm that offers this service
Market Timing Services
This is the practice of attempting to make short-term profits on investments by buying low and selling high.
Other Services
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Offered by 20% of firms
Selection of Other Advisors
This is the firm's assistance with choosing other advisors to work with who may have different specialties.
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Publication of Periodicals
This is the publication of various financial education materials.
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Educational Seminars/Workshops
This is the hosting of seminars or workshops to educate investors on financial concepts.
Fee Structure
Fees for financial management largely vary depending on which services are offered. However, fees charged by Richard W. Paul & Associates, LLC may include the following fee types: asset-based, hourly, fixed or other. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Richard W. Paul & Associates, LLC.
Available
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Offered by 69% of firms
Percentage of Assets
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Offered by 21% of firms
Hourly
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Offered by 32% of firms
Fixed
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Offered by 10% of firms
Other
Unavailable
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Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
Types of Clients
The company caters to retail investors, high net worth investors and charitable organizations. Out of its 1,731 accounts, Richard W. Paul & Associates, LLC's largest client is retail investors, although it also caters to 127 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its customers are from outside of the U.S.
- High-Net-Worth Individuals* - 20.52%
- Other Individuals - 79.32%
- Corporations - 0%
- Charitable Organizations - 0.16%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Richard W. Paul & Associates, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Richard W. Paul & Associates, LLC
Novi, MI
Novi, MI
Novi, MI
Novi, MI
Novi, MI
Novi, MI
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