Richard W. Paul & Associates, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$372,455,221
Clients
673
Advisors
6
of 8 employees
About
Richard W. Paul & Associates, LLC provides fee‑based investment advisory and financial planning services to individuals, high net worth clients, and charitable organizations, offering discretionary portfolio management, modular financial planning, and custom retirement income projections. The firm reports about $372.8 million in assets under management across roughly 673 client accounts and uses periodic reviews and account reporting to monitor client portfolios.
The firm’s investment approach blends actively managed and passively managed strategies, with an emphasis on value, safety, quality, and risk control; active strategies are monitored and adjusted as needed while passive allocations are set annually and rebalanced when they drift. Client onboarding includes individualized retirement income projections and risk assessments that guide allocations among equities, bonds, passively managed funds, actively managed solutions, and annuities (the latter presented and sold as insurance products through affiliated insurance channels).
Several disclosures in the firm’s brochure distinguish its operating model from many peers: investment adviser representatives are also registered representatives of broker‑dealers and the firm’s managing member operates an affiliated insurance agency through which advisors may sell indexed annuities and receive commissions, and the firm discloses forgivable loans and similar arrangements from third‑party insurance and wealth platforms (with stated mitigation and disclosure procedures). The firm also commonly delegates portfolio management to sub‑advisors under discretionary authority and does not vote client proxies, leaving proxy voting to clients unless assistance is requested.
Client services
Expertise
Occupation focus
Fee options
Fixed fees from $550 to $10,000 for complex financial planning
$0 - $1,000,000: 1.5% annually (Active Strategy) $1,000,001 - $3,000,000: 1.35% annually (Active Strategy) $3,000,001 - $5,000,000: 1.15% annually (Active Strategy) $5,000,000 and over+: Negotiable (Active Strategy) $0 - $1,000,000: 1.0% annually (Passive Strategy) $1,000,001 - $3,000,000: 0.80% annually (Passive Strategy) $3,000,001 - $5,000,000: 0.60% annually (Passive Strategy) $5,000,000 and over+: Negotiable (Passive Strategy)
Up to $275 per hour for financial planning services
Account minimum: $500,000 Minimum fee: Minimum planning fee of $550 for hourly financial planning Fee-only: Hourly fee up to $275/hour; Fixed fees ranging from $550 to $10,000
Main office
39555 Orchard Hill Place, Suite 100
Novi MI 48375
Advisors at this office
6
Most active in
Florida · Michigan · Texas
Also doing business as
Paul, Richard William · Richard W. Paul & Associates · Richard W. Paul & Associates, LLC
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Advisors at this firm
Brendan B
Series 65
Novi, MI
Richard W. Paul & Associates, LLC
Brendan Best is a financial advisor at Richard W. Paul & Associates, LLC with three years of industry experience and holds a Series 65 designation. Before joining Richard W. Paul & Associates, he worked at BorgWarner from 2020 to 2023. In addition to his advisory role, he assists clients with insurance policies, including annuities and life insurance, as a licensed insurance agent. Richard W. Paul & Associates, LLC provides fee-based investment advisory and financial planning services to individuals, high net worth clients, and charitable organizations. The firm uses a combination of actively and passively managed strategies with a focus on value, safety, quality, and risk control.
Matthew D
CFP®, Series 66
Novi, MI
Richard W. Paul & Associates, LLC
Matthew Dombrowski is a CFP® and holds a Series 66 license with 10 years of industry experience. He is currently an Investment Adviser Representative with Richard W. Paul & Associates, LLC and has prior experience at GF Investment Services, LLC, J.W. Cole Financial, Inc., Midwest Financial Consultants, Inc., and Lincoln Financial Advisors Corporation. Outside of his advisory role, he is also involved with Midwest Financial Consultants, Inc., where he offers fixed and indexed annuities, long-term care insurance, and traditional life insurance products. Richard W. Paul & Associates, LLC provides discretionary portfolio management, financial planning, and consulting services to individuals, high-net-worth clients, and charitable organizations. The firm uses a customized approach that includes retirement income projections, risk assessments, and a mix of active and passive investment strategies focused on value, safety, and loss avoidance.
Bepin S
Series 65
Novi, MI
Richard W. Paul & Associates, LLC
Bepin Serraj is a Series 65 licensed financial advisor at Richard W. Paul & Associates, LLC with eight years of industry experience. He has been with the firm since 2017 and previously worked at Albion College from 2014 to 2018. In addition to his advisory role, Serraj assists in servicing annuity client accounts as a Client Service Specialist and Insurance Agent. Richard W. Paul & Associates, LLC provides fee-based investment advisory and financial planning services to individuals, high net worth clients, and charitable organizations. The firm offers discretionary portfolio management and custom retirement income projections, blending actively and passively managed strategies with an emphasis on value, safety, quality, and risk control.
Richard P
CFP®, Series 63, Series 65
Novi, MI
Richard W. Paul & Associates, LLC
Richard Paul is a CFP® with 42 years of industry experience, currently serving as an advisor at Richard W. Paul & Associates, LLC, where he has worked since 2011. He is also the owner and president of Midwest Financial Consultants, a firm engaged in fixed insurance products since 2007. Richard W. Paul & Associates, LLC provides discretionary portfolio management, financial planning, and modular consulting to individuals, high-net-worth clients, and charitable organizations. The firm’s approach includes customized retirement income projections, risk assessments, and asset allocation across active and passive strategies, with a focus on value, safety, and loss avoidance.
Matthew P
CFP®, Series 63
Novi, MI
Richard W. Paul & Associates, LLC
Matthew Paul is a CFP® with 11 years of industry experience, currently serving as an investment advisor representative at Richard W. Paul & Associates, LLC. He has previously worked at J.W. Cole Financial, Inc. and G.F. Investment Services, LLC. Outside of his advisory role, he participates as a cryptocurrency validator on the Ethereum network. Richard W. Paul & Associates, LLC provides discretionary portfolio management, financial planning, and modular consulting to individuals, high-net-worth clients, and charitable organizations. The firm’s approach includes customized retirement income projections, risk assessments, and a mix of active and passive investment strategies focused on value, safety, and loss avoidance.
Steven P
CFP®
Novi, MI
Richard W. Paul & Associates, LLC
Steven Paul is a CFP® with 10 years of industry experience, currently serving as an advisor at Richard W. Paul & Associates, LLC since 2015. He also works as an insurance agent with Midwest Financial Consultants, a role he has held since 2010. Richard W. Paul & Associates, LLC provides discretionary portfolio management, financial planning, and modular consulting to individuals, high-net-worth clients, and charitable organizations. The firm employs a customized approach beginning with retirement income projections and risk assessments, combining active and passive investment strategies with insurance solutions.
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