Young Richard C & Co Ltd (Newport)

Name: Young Richard C & Co Ltd
Address: 98 William Street, Newport, RI, 02840
Telephone: 401-849-2137

Young Richard C & Co Ltd is a large advisory firm based in Newport. It manages $1 billion of regulatory assets for 1,489 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 46 other states.

Young Richard C & provides portfolio management for individuals and small businesses. It prepares financial plans for approximately 600 clients. On top of advisory services, the firm doesn't engage in other business activities.

Young Richard C &: assets under management

The assets under management (AUM) of Young Richard C & Co Ltd is $1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 199% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $674.77 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 23% of the firm’s portfolio. Investments in government bonds form 15% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Young Richard C & Co Ltd 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 Richard Carlyle Young serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Richard Carlyle Young is high net worth individuals with 337 clients and $799.26 million of assets under management. Among the 11 most similar advisory firms, Young Richard C & has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1 billion for 649 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.

Young Richard C & doesn't advise any private funds.

Careers at Young Richard C & Co Ltd

The company employs 13 people that are either part- or full-time employees. 54 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Richard Carlyle Young has been acting as President since 1 Nov 1989. Jeremy David Jones has served as the Chief Investment Officer since 1 Jan 2007. The Richard C. Young Family Trust 2012 joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Carlyle Young	Chairman	1 Nov 1989	25% - 50%	475131
Matthew Alexander Young	President & ceo	1 Jul 1997	Other	2257617
Tomma Rae Botelho	Vice president	1 Jul 1997	Other	2540471
Christopher John Stack	Vice president	1 Jun 1999	Other	3109402
Amy Lynn Winthrop	Vice president	1 Nov 2003	Other	4725208
Amy Lynn Evans	Vice president	1 Nov 2003	Other	4725208
Christopher John Stack	Senior vice president / chief compliance officer	1 Jan 2007	Other	3109402
Amy Lynn Evans	Senior vice president	1 Jan 2007	Other	4725208
Jeremy David Jones	Chief investment officer	1 Jan 2007	Other	4821422
The Richard C. Young Family Trust 2012	Owner	1 Dec 2012	50% - 75%	35-7014001

Based in Newport

The principal office where Young Richard C & Co Ltd performs its advisory services is located at 98 William Street, Newport, RI 02840 The mailing address of the firm is 5150 Tamiami Trail North, Naples, FL 34103. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 401-849-2137 or by fax 401-849-0002. The normal business hours are 9:00 a.m - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at younginvestments.com.