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Richmond Brothers Philosophy

What are Richmond Brothers' core beliefs when it comes to managing retirement portfolios for our family of clients?

Having helped our family of clients for 30 years, we know that planning for retirement has changed…a lot. With the dot com bubble in the early 2000’s, and then the banking meltdown in 2008, we’ve seen some major shifts in the economic landscape.

A trend we’ve taken notice of here at Richmond Brothers are the more frequent occurrences of bear markets than we’ve seen in the last few decades. A bear market is when the market drops 20%. We came close in 2018 when the market dipped to 19.8% according to The Washington Post. And we experienced a bear market in 2020 and 2022 as reported by AP News and CNBC.

To put that in perspective, before 2020 we experienced a bear market in 2007, 2000, and 1987 according to Yardeni Research, Inc. It’s now more important than ever to make sure you have the right protection strategies in place when it comes to your retirement. Without it, you could risk running out of money before your retirement years are done. That’s why we stress the importance of creating predictable and reliable income strategies, rather than hoping the markets will always cooperate.

In our current economic times, depending on appreciation is too risky considering the ups and downs of the market. Your retirement needs to last 20, 30, or even 40 years. And without the right plan in place, it’s possible to run out of income too soon. A good plan takes into account changes in the market, your acceptable level of risk, and the need for creating secure, reliable income for life.

So where do we go from here?

At Richmond Brothers, we believe in doing right by our clients. Whether you are currently planning for retirement or already in that wonderful phase of your life, we keep your risk tolerance at the heart of the plan we co-create. Our goal is not necessarily to beat the broad market at all times but instead to provide a blend of strategies for our client family members. In the long-run, we aim to help protect your assets, create income streams from safer sources, and have opportunities for growth. In good economic times, while our "safer" or "more defensive" assets could weigh us down, they're also a vital source of comfort when the market and the economy are cooling off, or even in trouble.