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Richard McWhorter

Private Wealth Advisor and Managing Partner at SRM Private Wealth
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Richard McWhorter is a current Private Wealth Advisor and Managing Partner of SRM Private Wealth. He was previously a managing director at Merrill Lynch until May 2024. His team serves high-net worth and ultra-high-net worth individuals, including executives in the sports industries. SRM Private Wealth was the 11th team to join Summit this year. McWhorter managed $1.9 billion in client assets and is joined by his partner Sandra Parracino and client associate Kyle Szesnat.

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  • Tailored Investment Strategies: The Key to a Balanced Portfolio
    Richard emphasizes that a balanced portfolio isn't one-size-fits-all. While a 60/40 bond-equity split is traditional, individual needs dictate the true balance. "Age, risk tolerance, and time horizon are crucial factors," he notes, alongside alternative assets like real estate. Rebalancing frequency depends on asset types, fees, and liquidity, underscoring the need for personalized strategies.
  • Trade War and Market Volatility Shake Investor Confidence
    Richard notes that the trade war and market volatility create uncertainty, stalling investment decisions. He says, "The 90-day reprieve merely postpones the potential outcomes," affecting retirement confidence. Opinions vary, with some clients optimistic about future policies, while others criticize the trade war. Richard advises patience, as "only time will tell" the administration's success.
  • Investment Goals for Every Decade: Expert Insights from SRM Private Wealth
    Richard advises, in your 20s, focus on "high-growth investments." In your 30s, "increase savings for retirement, college, and major expenses." By your 50s, "refocus on retirement, reduce risk, and consider estate planning." Adjust strategies as life stages evolve to ensure financial security.
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