Richmond Asset Management

Name

Richmond Asset Management

Website

https://fa.wellsfargoadvisors.com

Company type

Private

Short description

Richmond Asset Management is a private financial advisory practice in New Brunswick, New Jersey, offering investment planning, tax, asset management, and financial services as a branch of Wells Fargo Advisors.

Ownership category

akta.pro rank

Product category

Wealth Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282)

akta.pro primary industry

Bank-Affiliated Retail Wealth Management (FSAAAAAB)

akta.pro secondary industries

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC), Business Owner & Executive Financial Planning (FSAEAAAO), Estate & Legacy Planning Advisory (FSAEAAAG)

Keywords

• Investment planning
• Asset management
• Tax advisory
• Wealth management
• Financial advisory

Headquarters

HQ city

New Brunswick

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Core offering

Richmond Asset Management offers personalized investment planning, tax planning, and asset management services to individual clients, operating as a financial advisory practice within the Wells Fargo Advisors network. The firm focuses on helping clients build, manage, and preserve wealth through tailored financial strategies and ongoing advisory relationships.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Planning Personalized investment planning services that help individual clients define financial goals, build portfolios, and align investment decisions with long-term objectives. Intended for individual investors and families seeking guided wealth-building strategies.
• Tax Planning Tax advisory and planning services integrated with investment and wealth strategies for individual clients. Aimed at clients needing coordinated income, capital gains, and wealth transfer tax considerations alongside their investment portfolios.
• Asset Management Ongoing management of client assets, including portfolio construction, allocation, and oversight, delivered as a continuous advisory service. Targeted at clients who prefer delegated, professional portfolio management rather than self-directed investing.
• Financial Services Broader financial services spanning investment, tax, and asset management needs under a single advisory relationship, offered to individual clients in the New Brunswick, New Jersey market.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Direct peers

• Edward Jones: Branch-based retail wealth advisory firm serving mass-affluent and HNW clients with investment planning and portfolio management — comparable in scale, structure, and target market.
• Stifel Financial: Full-service wealth management and investment banking firm with a national advisor network offering investment advisory, financial planning, and asset management to retail and HNW clients.
• Ameriprise Financial: National advisor-driven wealth management firm providing investment advisory, financial planning, and asset management to retail and HNW clients — comparable business model and client base.
• Raymond James Financial Services: Advisor-led wealth management firm offering investment planning, asset management, and tax/financial services through a branch model closely parallel to Richmond Asset Management's operating structure.
• J.P. Morgan Wealth Management: Chase's bank-affiliated wealth advisory franchise offering investment planning, asset management, and financial planning through a national advisor network — directly comparable delivery model.
• Morgan Stanley Wealth Management: Bank-affiliated wealth management division with a national branch/advisor network offering investment planning, portfolio management, and tax-aligned advisory services to retail and HNW clients.
• Merrill Lynch Wealth Management: Bank of America's wealth management arm; directly comparable as a large bank-affiliated retail wealth platform serving mass-affluent and HNW clients with investment, tax, and asset management services.
• Charles Schwab Wealth Management: Provides bank-affiliated and independent advisory services, portfolio management, and financial planning to retail and mass-affluent investors — a directly comparable wealth advisory delivery model.

Broad incumbents

• UBS Wealth Management USA: Global wealth manager with a substantial US advisor force offering investment advisory, portfolio management, and financial planning — comparable service mix with a more HNW/UHNW tilt.
• Wells Fargo Advisors (broader network): Wells Fargo Advisors is the bank-affiliated wealth management platform under which Richmond Asset Management operates; comparable as a sister branch/network with the same compliance, custody, and product infrastructure.

Market position

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Richmond Asset Management