Richard Paul
Richard Paul is a CFP-designated registered investment advisor at Richard W. Paul & Associates, LLC, based in Novi, MI, with 42 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, High Net Worth, Insurance Planning, and 3 more. Their firm serves 1,801 clients with $320M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.50% |
| $1.0M - $3.0M | 1.35% |
| $3.0M - $5.0M | 1.15% |
| $5M+ | 1.15% |
Fees are negotiable for accounts over $5,000,000. The firm also offers a passive strategy with lower fees: 1.0% on the first $1M, 0.80% from $1M-$3M, 0.60% from $3M-$5M, and negotiable over $5M.
Fee Estimator
Location
39555 Orchard Hill Place, Suite 100, Novi, MI, 48375
Get directionsHistory
Regulatory History (3)
Customer Dispute
August 2008Regulatory
October 1994Customer Dispute
July 1993Other Business ActivitiesSells Insurance
Richard is the owner and president of Midwest Financial Consultants since 2007. He also offers fixed insurance products.
Employment History
Current Registrations
Richard W. Paul & Associates, LLC
Previous Registrations
Allegiant Asset Management L.L.C.
Allegiant Securities L.L.C.Broker
American Portfolios Advisors, INC
American Portfolios Financial Services, INC.Broker
Questar Capital CorporationBroker
Sunamerica Securities, INC.Broker
Royal Alliance Associates, INC.Broker
North American Management, INC.Broker
Monarch Securities, INC.Broker
Monarch Securities, INC.Broker
Mariner Financial Services, INC.Broker
Mutual Service CorporationBroker
John Hancock Distributors, INC.Broker
State Registrations2 states
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.