Richmond Capital Management Inc (Richmond)


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.

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