Richard W. Paul & Associates

Richard W. Paul & Associates

Richard W. Paul & Associates launched in 2011 as a fiduciary financial advisory firm based in Novi, Michigan. Rich Paul, a CFP® and CRPC® holder, leads a team that now operates from three Metro Detroit offices — Novi, Troy, and Ann Arbor — addressing clients from nearby communities including Northville, Livonia, and Farmington. The firm discloses no single-family backing; its wealth origin is the practice itself, built on serving individuals and charitable organizations. The firm’s model combines investment management, retirement income strategies, tax planning, and insurance — including life insurance and long-term care coverage. Mike Sorrentino, CFA, has publicly stated the firm rejects a passive 60/40 portfolio in favor of more active allocation approaches for today’s rate and longevity environment. Client capital is deployed across advisory accounts, 401(k) rollovers, and insurance products, with fiduciaries holding both securities and insurance licenses to execute holistic plans. Geographic focus is concentrated in Michigan, specifically Oakland and Washtenaw counties. The listed team comprises eight professionals with a collective 80 years of industry experience. Designations are concentrated: multiple CFP® and CRPC® holders, plus one CFA charterholder. The firm maintains three physical locations — the main office in Novi plus appointment-based outposts in Troy and Ann Arbor — and holds no publicly disclosed institutional vehicles, philanthropic foundations, or club memberships. Recent operational activity includes no publicly reported transactions or structural changes. What distinguishes the firm is its explicit dual-license posture: advisors operate under both a fiduciary standard and an insurance-licensed framework in-house. This architecture allows the firm to directly underwrite insurance solutions alongside managed portfolios, eliminating the handoff between planners and external insurance agents that fragments execution at most advisory shops of this size.