Richardson Capital Management, LLC (Menomonee Falls)

Name: Richardson Capital Management, LLC
Address: W134 N8688 Executive Parkway, Menomonee Falls, WI, 53051
Telephone: 262-255-4100

Richardson Capital Management, LLC is a large advisory firm based in Menomonee Falls. It manages $227.1 million of regulatory assets for 133 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Illinois, Louisiana, and 3 other states.

Richardson Capital Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and analysis of existing portfolios and advice. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Richardson Capital Management: assets under management

The assets under management (AUM) of Richardson Capital Management, LLC is $227.1 million. The firm's AUM has grown by 240% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $224 million in discretionary accounts and $3.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.78 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $443.04 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 71% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio. Investments in other assets form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Richardson Capital Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Richardson Capital Management serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Richardson Capital Management is high net worth individuals with 73 clients and $200.57 million of assets under management. Among the 12 most similar advisory firms, Richardson Capital Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $227.1 million for 133 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Richardson Capital Management doesn't advise any private funds.

Careers at Richardson Capital Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 4 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 compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Scott Patrick Richardson	President & chief compliance officer	1 Apr 2004	Other	1859684
Plr Irrevocable Trust	Member	1 Apr 2004	50% - 75%	76-6197239
Randell John Godsell	Chief compliance officer	1 May 2004	Other	2553784
Spr Irrevocable Trust	Member	1 Dec 2009	25% - 50%	39-6781073

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Patricia L Richardson	Trustee	1 Apr 2004	50% - 75%	4799093
Scott Patrick Richardson	Trustee	1 Dec 2009	25% - 50%	1859684

Based in Menomonee Falls

The principal office where Richardson Capital Management, LLC performs its advisory services is located at W134 N8688 Executive Parkway, Menomonee Falls, WI 53051, 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 262-255-4100 or by fax 262-255-4410. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at richardson-financial.com.