Richards Financial

Richards Financial provides personalized investment advisory services to individual investors and families seeking long-term capital appreciation and income, and also serves trusts, estates, businesses, pension and profit-sharing plans, and charitable organizations. The firm operates as a fee-only, state-registered adviser and manages approximately $3 million in client assets on a non-discretionary basis.

The firm generally constructs concentrated portfolios of individual securities and sources ideas from fundamental analysis and special-situation opportunities, with an emphasis on position sizing and ongoing risk management. All accounts require client approval before trades are executed, and the firm may use listed options and other derivatives as part of income-generating or risk-defined strategies when consistent with a client’s objectives.

Notably, Richards Financial combines a predominantly non-discretionary advisory model with documented use of options and derivatives in separately managed accounts—an operational profile that is uncommon among independent advisers. The firm operates with a very small client base under a single principal, relies on Interactive Brokers as the recommended custodian, and discloses a March 2025 administrative consent order related to recordkeeping and ADV updates that did not involve fraud or client losses.