Richter Bober Asset Management, LLC (Darien)

Name: Richter Bober Asset Management, LLC
Address: 10 Corbin Drive, Darien, CT, 06820 2503
Telephone: 203-655-0314

Richter Bober Asset Management, LLC is a large advisory firm based in Darien. It manages $373.44 million of regulatory assets for 272 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alaska, California, Colorado, and 10 other states.

Richter Bober Asset Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Richter Bober Asset Management: assets under management

The assets under management (AUM) of Richter Bober Asset Management, LLC is $373.44 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1025% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $373.44 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.37 million each.

Investments

The firm invests in state and local bonds the most. They account for 93% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 4% of the firm’s portfolio. Investments in exchange traded securities form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Richter Bober Asset Management, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Richter Bober Asset Management serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Richter Bober Asset Management is high net worth individuals with 260 clients and $365.44 million of assets under management. Among the 7 most similar advisory firms, Richter Bober Asset Management has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $373.44 million for 272 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Richter Bober Asset Management doesn't advise any private funds.

Careers at Richter Bober Asset Management, LLC

The company employs 5 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Scott Richter	Managing director/chief compliance officer	1 Jul 2002	50% - 75%	832632
L.P. Bb01	Member	1 Jul 2002	25% - 50%	11-3644144
Bernard Robert Bober	General partner of bb01,lp	1 Jul 2002	Other	24408
Bernard Robert Bober	Member	1 May 2004	Other	24408
Janet M. Bober	Member	1 May 2004	Other	4569340
Sarah Bober	Member	1 May 2004	Other	4569342
Elana R. Bober	Member	1 May 2004	Other	4569343
Sarah Rapaport	Member	1 May 2004	Other	4569342

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Janet M. Bober	Partner	1 Jul 2002	Other	4569340
Sarah Bober	Partner	1 Jul 2002	25% - 50%	4569342
Elana R. Bober	Partner	1 Jul 2002	25% - 50%	4569343

Based in Darien

The principal office where Richter Bober Asset Management, LLC performs its advisory services is located at 10 Corbin Drive, Darien, CT 06820 2503, which is also the mailing address of the firm. An additional office of the firm is in Daniel Island, SC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-655-0314 or by fax 203-655-0354. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at richterbober.com.