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Adviser Profile

As of Date 09/11/2024
Adviser Type - Large advisory firm
Number of Employees 18 5.88%
of those in investment advisory functions 5
Registration SEC, Approved, 09/28/2011
AUM* 231,900,000 15.11%
of that, discretionary 231,900,000 15.11%
Private Fund GAV* 0
Avg Account Size 110,851 19.18%
% High Net Worth 13.39% 5.98%
SMA’s Yes
Private Funds 0
Contact Info (51 xxxxxxx
Websites

Client Types

- Individuals (other than high net worth individuals)
- High net worth individuals
- Charitable organizations

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

Recent News

Reported AUM

Discretionary
Non-discretionary
274M 234M 195M 156M 117M 78M 39M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds

No private funds

Employees

Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker46090E103 Stock NameINVESCO QQQ TR $ Position$22,793,727 % Position14.00% $ Change # Change
Stck Ticker46090E103 Stock NameINVESCO QQQ TR $ Position$14,742,029 % Position9.00% $ Change-21.00% # Change-22.00%
Stck Ticker78468R663 Stock NameSPDR SER TR $ Position$10,091,993 % Position6.00% $ Change # Change
Stck Ticker922908553 Stock NameVANGUARD INDEX FDS $ Position$6,953,785 % Position4.00% $ Change # Change
Stck Ticker92204A884 Stock NameVANGUARD WORLD FD $ Position$7,041,573 % Position4.00% $ Change # Change
Stck Ticker92204A108 Stock NameVANGUARD WORLD FD $ Position$6,928,723 % Position4.00% $ Change # Change
Stck Ticker92204A207 Stock NameVANGUARD WORLD FD $ Position$6,473,949 % Position4.00% $ Change # Change
Stck Ticker92204A405 Stock NameVANGUARD WORLD FD $ Position$6,977,397 % Position4.00% $ Change # Change
Stck Ticker92204A504 Stock NameVANGUARD WORLD FD $ Position$6,640,310 % Position4.00% $ Change # Change
Stck Ticker92204A603 Stock NameVANGUARD WORLD FD $ Position$7,019,459 % Position4.00% $ Change # Change

Brochure Summary

Overview

We specialize in the following types of services: Comprehensive Portfolio Management and Financial Planning & Consulting. We are dedicated to providing individuals and other types of clients with a wide array of investment advisory services. Our firm is a corporation formed in the State of Michigan. Our firm has been in business as an investment adviser since 2011 and is owned as follows: David S. Richmond – 72.50% Owner Matthew J. Curfman – 24.17% Owner Tara E. Furnas – 3.33% Owner Description of the Types of Advisory Services We Offer Comprehensive Portfolio Management Our Comprehensive Portfolio Management service encompasses asset management as well as providing financial planning/financial consulting to clients. It is designed to assist clients in meeting their financial goals through the use of financial investments. We conduct at least one, but sometimes more than one meeting (in person if possible, otherwise via telephone/video conference) with clients in order to understand their current financial situation, existing resources, financial goals, and tolerance for risk. Based on what we learn, we propose an investment approach to the client. We may propose an investment portfolio, consisting of exchange traded funds (“ETFs”), mutual funds, individual stocks or bonds, or other securities. Upon the client’s agreement to the proposed investment plan, we work with the client to establish or transfer investment accounts so that we can manage the client’s portfolio. Unless otherwise agreed upon we perform semi-annual comprehensive reviews of your account performance with you and determine if your financial plan and investment strategy remain appropriate. We also determine if any life changes have occurred which help us as we continuously monitor the investments in your accounts and make important adjustments on a discretionary basis to help meet your goals. If a client experiences any significant changes to his/her financial or personal circumstances, you must notify us so that we can consider such information in managing your investments. In performing our fiduciary duty in investment advisory services, we design, work with and may recommend investment strategies for management by Beacon Capital Management according to your approved risk tolerance. Through authority granted by you, we will designate the strategy and the account(s) to be traded by Beacon. We monitor and review these accounts on at least a quarterly basis while third-party money managers execute the strategy by trading ETFs, mutual funds, individual stocks or bonds, or other securities in their models to help achieve the financial goals we have determined together. Please refer to the client-executed third-party money management agreement or addendum to your Richmond Brothers agreement for important disclosures and information about fees which are in addition to our advisory fees. Should a client select Beacon to manage a portion or all the assets in their accounts, Beacon will manage your accounts in their proprietary models. Actual stock-to-bond ratio will deviate around the target stock-to-bond ratio of the model portfolio. Although the client account’s target stock-to-bond ratio will be maintained, Beacon may change the specific mutual funds, ETFs or other investments being used in the client account at Beacon’s discretion. Beacon’s model portfolios
each have conservative, balanced, and aggressive strategies within them. Richmond Brothers maintains responsibility for assisting the client in understanding and determining the most appropriate services and strategies provided by Beacon; communicating with clients to answer client inquiries, update client information, and acquire suitability information; providing documents, including Beacon’s ADV, to clients as required under federal or state law and regulation; and provide suitability and model updates to Beacon as necessary. Financial Planning & Consulting We provide a variety of financial planning and consulting services to individuals, families and other clients regarding the management of their financial resources based upon an analysis of the client’s current situation, goals, and objectives. Generally, such financial planning services will involve preparing a financial plan or rendering a financial consultation for clients based on the client’s financial goals and objectives. This planning or consulting may encompass one or more of the following areas: Investment Planning, Retirement Planning, Estate Planning, Charitable Planning, Education Planning, Corporate and Personal Tax Planning, Cost Segregation Study, Corporate Structure, Real Estate Analysis, Mortgage/Debt Analysis, Insurance Analysis, Lines of Credit Evaluation, Business and Personal Financial Planning. Our written financial plans or financial consultations rendered to clients usually include general recommendations for a course of activity or specific actions to be taken by the clients. For example, recommendations may be made that the clients begin or revise investment programs, create or revise wills or trusts, obtain or revise insurance coverage, commence or alter retirement savings, or establish education or charitable giving programs. It should also be noted that we refer clients to an accountant, attorney or other specialist, as necessary for non-advisory related services. For written financial planning engagements, we provide our clients with a written summary of their financial situation, observations, and recommendations. For financial consulting engagements, we usually do not provide our clients with a written summary of our observations and recommendations as the process is less formal than our planning service. Plans or consultations under this service are typically completed within six (6) months of the client signing a contract with us, assuming that all the information and documents we request from the client are provided to us promptly. Implementation of the recommendations will be at the discretion of the client. Tailoring of Advisory Services We offer individualized investment advice to clients utilizing our Comprehensive Portfolio Management service. Additionally, we offer general investment advice to clients utilizing Financial Planning and Consulting. Despite our best effort to accommodate specific client requests we may not be able to allow clients to impose restrictions on investing in certain securities or types of securities due to the level of difficulty this would entail in managing their account. Participation in Wrap Fee Programs We do not offer wrap fee programs. Regulatory Assets Under Management We manage $231,900,000 a discretionary basis and have no non-discretionary assets of December 31, 2023.