RICHMOND BROTHERS, INC.

The advisory business specializes in Comprehensive Portfolio Management and Financial Planning & Consulting, offering a wide array of investment advisory services to individuals and other clients. The firm, a Michigan corporation, has been in business since 2011 and is owned by David S. Richmond (72.50%), Matthew J. Curfman (24.17%), and Tara E. Furnas (3.33%). The firm provides individualized investment advice through its Comprehensive Portfolio Management service and general investment advice through Financial Planning and Consulting. While they strive to accommodate client requests, they may not be able to allow restrictions on specific securities due to the complexity of managing accounts. They do not offer wrap fee programs and manage $231,900,000 on a discretionary basis as of December 31, 2023.

The investment strategies used by this firm include long-term purchases, short-term purchases, trading, short sales, and option writing. Long-term purchases involve holding securities for at least a year, while short-term purchases involve selling securities within a year. Trading refers to the buying and selling of securities within 30 days. Short sales involve borrowing securities and selling them in the market, hoping to buy them back at a lower price later. Option writing involves selling options contracts, which give the buyer the right, but not the obligation, to buy or sell an underlying asset at a certain price. The firm also offers various types of option writing strategies, including covered options, uncovered options, and spreading strategies, upon client request. These strategies involve different levels of risk and reward, and the firm will work with clients to determine the best approach based on their individual needs and risk tolerance.

(Subscription Required)

(Subscription Required)