RICHARDSON FINANCIAL SERVICES

RIASEC RegisteredEst. 2020
Total AUM
$256M
Discretionary
$222M
87% of AUM
Avg account
$197K
Accounts
1,302
Employees
6
Advisory reps
3

Firm details

Headquarters
MEDWAY, Massachusetts
CRD number
130715
Registered since
September 11, 2020
Custodians
PERSHING LLC, CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • HNWI75.47%
  • Other13.12%
  • Individuals10.79%
  • Other Investment Advisers0.63%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsSelection of Other Advisers

Firm profile

FINTRX

Overview

Richardson Financial Services is an independent, individually owned registered investment adviser that began SEC registration in 2020. The firm acts as a capital allocator and serves both individual & family clients and institutional clients. Its advisory scope includes financial planning and portfolio management for individuals, small businesses, and institutions, plus selection of other advisers. In addition to its RIA work, the firm operates in several broker-like and banking roles: it functions as a registered representative of a broker-dealer, an insurance broker, and maintains ties to banking and accounting activities. Fee structures reported include percentage-of-AUM, hourly charges, and fixed fees. Richardson Financial Services does not identify as an active ESG investor and is not a multi-state adviser.

Assets & Accounts

Public Holdings

Investments & Alternatives

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Exchange Traded Equities 41%, Public Funds/Mutual Funds 36%, Investment Grade Corp Bonds 13%, State & Local Bonds 6%, Cash & Cash Equivalents 3%, US Government Bonds 1%41%
  • Exchange Traded Equities41%
  • Public Funds/Mutual Funds36%
  • Investment Grade Corp Bonds13%
  • State & Local Bonds6%
  • Cash & Cash Equivalents3%

Contacts

3 of 3
  • STEVEN RICHARDSON

    Founder & PresidentCRD 2774988

  • EDWARD PITTS

    Senior Financial AdvisorCRD 2394485

  • BRIAN MAXFIELD

    Senior Financial AdvisorCRD 3046156

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 208

Active vs passive

$118M in ETFs

Passive

81%

$95.8M

Active

5%

$22.5M

ETFProviderStyleCategoryValueShares% of portfolio
STATE STREET(R) SPDR(R) PORTFOLIO S&P 500(R) ETF (SPYM)State Street$6.8M89,3515.78%

Location

Primary office

MEDWAY, MA

NORFOLK

Location

MEDWAY, MA

Headquartered in MEDWAY, MA, anchoring the Boston-Worcester-Providence, MA-RI-NH-CT metro in the Northeast.

Metro area
Boston-Worcester-Providence, MA-RI-NH-CT
Region
Northeast
County
NORFOLK
Address
165 Village St
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth