Richard W. Paul & Associates, LLC (Novi)

Name: Richard W. Paul & Associates, LLC
Address: 39555 Orchard Hill Place, Novi, MI, 48375
Telephone: 248-305-9911

Richard W. Paul & Associates, LLC is a large advisory firm based in Novi. It manages $141.15 million of regulatory assets for 1,312 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Michigan.

Richard W. Paul & Associates provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Richard W. Paul & Associates: assets under management

The assets under management (AUM) of Richard W. Paul & Associates, LLC is $141.15 million. The firm's AUM has grown by 0% since the beginning of its operation, and $356.18 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $141.09 million in discretionary accounts and $60.41 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $107.62 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $60.41 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is investment and business development companies, which make up 3% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Richard W. Paul & Associates, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Richard W. Paul & Associates serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Richard W. Paul & Associates is individuals with 415 clients and $89.62 million of assets under management. Among the 8 most similar advisory firms, Richard W. Paul & Associates has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $141.15 million for 475 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.

Richard W. Paul & Associates doesn't advise any private funds.

Careers at Richard W. Paul & Associates, LLC

The company employs 10 people that are either part- or full-time employees. 80 percent of the employees work as investment advisers or researchers. 9 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard William Paul	Managing member/chief compliance officer	1 Apr 2011	75% - 100%	1068741

Based in Novi

The principal office where Richard W. Paul & Associates, LLC performs its advisory services is located at 39555 Orchard Hill Place, Novi, MI 48375, which is also the mailing address of the firm. An additional office of the firm is in Ann Arbor, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-305-9911 or by fax 248-305-9966. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at facebook.com/richardwpaulmi.