Richmond Capital Management Inc (Richmond)

Name: Richmond Capital Management Inc
Address: 10800 Midlothian Turnpike, Richmond, VA, 23235
Telephone: 804-379-8280

Richmond Capital Management Inc is a large advisory firm based in Richmond. It manages $5.51 billion of regulatory assets for 232 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 14 other states.

Richmond Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Richmond Capital Management: assets under management

The assets under management (AUM) of Richmond Capital Management Inc is $5.51 billion. The firm's AUM has grown by 57% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $5.5 billion in discretionary accounts and $11.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $24.31 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.87 million.

Investments

The firm invests in investment grade corporate bonds the most. They account for 54% of the total AUM. The second-largest asset type is government bonds, which make up 45% of the firm’s portfolio. Investments in cash and cash equivalents form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Richmond Capital Management Inc for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Howard Kyger Bos serves?

The firm provides services to insurance companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Howard Kyger Bos is pension and profit sharing plans with 35 clients and $1.66 billion of assets under management. Among the 13 most similar advisory firms, Richmond Capital Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $5.51 billion for 232 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Richmond Capital Management also advises several private funds.

Careers at Richmond Capital Management Inc

The company employs 17 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 10 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Howard Kyger Bos has been acting as President since 1 Dec 2012. Geoffrey Bonner Sale joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Charles Estelle Keller	President	1 Jul 1982	25% - 50%	1707239
Jo Ann Smith Stoddard	Managing director	1 Jan 1983	Other	864266
Robert Stephenson Wait	Managing director	1 Jan 1983	Other	1706795
Mark Jackson Walker	Managing director	1 Jul 1989	Other	1412104
William Harold Schultz	Managing director	1 Sep 1991	25% - 50%	1708218
William Harold Schultz	Managing director	1 Dec 1994	25% - 50%	1708218
Mark Jackson Walker	President/chief compliance officer	1 Dec 1994	25% - 50%	1412104
Elizabeth Mcdermott Harris	Managing director	1 Jan 2002	Other	2639456
Howard Kyger Bos	Managing director	1 Jan 2002	Other	1390430
Beth Lynn Baron	Principal	1 Mar 2004	Other	1533451
Roy Wheatley Mcdowell	Principal	1 Mar 2004	Other	1761550
Janis Hightower Warren	Principal	1 Mar 2004	Other	4778534
Beth Lynn Baron	Managing director	1 Feb 2007	Other	1533451
Roy Wheatley Mcdowell	Managing director	1 Feb 2007	Other	1761550
Janis Hightower Warren	Managing director	1 Feb 2007	Other	4778534
Patton Howell Roark	Managing director	1 Feb 2007	Other	4664157
Paul Herman Lundmark	Managing director	1 Feb 2007	Other	2072718
Patton Howell Roark	Managing director	1 Aug 2007	Other	4664157
Paul Herman Lundmark	Managing director	1 Aug 2007	Other	2072718
Howard Kyger Bos	President	1 Dec 2012	Other	1390430
Geoffrey Bonner Sale	Chief compliance officer	1 Dec 2012	Other	1927963

Based in Richmond

The principal office where Richmond Capital Management Inc performs its advisory services is located at 10800 Midlothian Turnpike, Richmond, VA 23235, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 804-379-8280 or by fax 804-379-9362. The normal business hours are 8:30am to 5:00pm on Monday - Friday. You can find more information about the New York firm at richmondcap.com.