Richfield Bank & Trust Co. (Richfield)

Name: Richfield Bank & Trust Co.
Address: 6625 Lyndale Avenue South, Richfield, MN, 55423
Telephone: 612-798-3373

Richfield Bank & Trust Co. is a large advisory firm based in Richfield. It manages $49.04 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2001.

Richfield Bank & Trust provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Richfield Bank & Trust: assets under management

The assets under management (AUM) of Richfield Bank & Trust Co. is $49.04 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $49.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $49.04 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Richfield Bank & Trust Co. 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.

Careers at Richfield Bank & Trust Co.

Martin Victor Chorzempa has been acting as President since 1 Mar 1999. Mary Louise Komornicka joined the executive team most recently as the Svp,Trust.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Richfield State Agency	Shareholder	1 Jan 1963	75% - 100%	41-0682913
Lynn Robert Evans	President	1 Jul 1998	Other	4488371
Sara Allen Tice	Vp/compliance officer	1 Aug 1998	Other	4488376
John Thomas Gill	Svp/cfo	1 Nov 1998	Other	4488373
Martin Victor Chorzempa	Chairman	1 Mar 1999	Other	4488369
Gregory Thomas Engel	Senior investment officer	1 Nov 2000	Other	2133964
Harvey Rolland Peck	Vp, investment officer	1 Nov 2000	Other	858975
Mary Louise Komornicka	Svp,trust	1 Mar 2001	Other	1687986

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Lee Kirchner	Shareholder, elected manager	1 Mar 1999	25% - 50%	4488418

Based in Richfield

The principal office where Richfield Bank & Trust Co. performs its advisory services is located at 6625 Lyndale Avenue South, Richfield, MN 55423, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 612-798-3373 or by fax 612-798-3179. 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 www.richfieldbank.com.