Kokomo Tribune; Kokomo, Indiana

August 23, 2013

Kokomo wealth manager dead after shooting

Ky. sheriff says Richard Schwartz tried to kill his wife

By Scott Smith
Kokomo Tribune

---- — Richard Schwartz, an investment adviser who built his business in Kokomo, killed himself Wednesday at his Simpsonville, Ky., home, after first attempting to kill his wife, a Shelby County (Ky.) sheriff investigator said Friday.

Maj. Jason Rice said deputies were called to the Schwartz home, 2000 Todd's Point Road, Simpsonville, around 3:30 p.m. Wednesday on a report of shots fired.

When they arrived, they found Schwartz dead of a self-inflicted gunshot wound. Rice said that prior to committing suicide, Schwartz first fired a total of seven rounds at his wife, Brielle, who managed to escape through a bathroom window without being hurt.

Six other individuals, all family members, were in the house when the shooting occurred, and all were able to flee without being struck, Rice said.

"[Brielle and Richard Schwartz] were in a bedroom arguing, when she noticed he had a gun. She fled into the bathroom, and closed and locked the door," Rice said.

The bathroom contained a small room where the toilet was located. Brielle closed the door to that inner room, and then knocked out a window above the toilet to escape, Rice said.

If she had stayed in the toilet room, she would have likely been struck by one or more of the bullets Schwartz fired through the door between the bedroom and the bathroom, he added.

Rice said the family members were visiting during the Kentucky State Fair, where the Schwartzes were showing horses. Some of the family members were there to go to the fair, while others were there to baby-sit for Brielle and Richard, he said. Schwartz did not attempt to target any of the other individuals in the house before turning the gun on himself, Rice said.

Rice said that since the shooting, his office has been contacted by the FBI and a local law enforcement agency from Indiana, in regard to questions about Richard Schwartz's financial dealings. He said he was aware Schwartz was being investigated, but had no further details.

Schwartz started his financial planning business in Kokomo before branching out to Scottsdale, Ariz. Rice said Schwartz had a horse farm in Simpsonville, which is a center for the horse industry in Kentucky.

Scott Smith can be reached at 765-454-8569 or at scott.smith@kokomotribune.com