Richard Racine is a ChFC-designated registered investment advisor at Asset Strategy Advisors, LLC, based in Wayland, MA, with 36 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, Investment Management, and 2 more. Their firm serves 544 clients with $920M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Asset Strategy Advisors' fees for managing your investments are based on a percentage of the assets they manage for you. The exact percentage varies depending on the amount you invest:
- $0 - $2 million: 1.00% - 1.50% per year
- $2 - $5 million: 0.75% - 1.25% per year
- $5 - $10 million: 0.50% - 1.00% per year
- Over $10 million: Negotiable
These fees are generally paid quarterly. Asset Strategy Advisors also receives an admin/service annual fee of 0.20% of the value of the client’s Flourish Cash account when a client participates in the cash management program offered through Flourish. This fee is deducted from the client’s overall APY. This fee is not negotiable.
Location
14 West Plain St., Suite 201, Wayland, MA, 01778-4470
Get directionsHistory
Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Richard owns and services life, disability, and long-term care insurance, dedicating a significant amount of time to this. He is also a manager at The Racine Group, LLC, focusing on group health and welfare plans, individual insurance benefits, and estate planning, and is President and Owner of Racine & Associates Insurance Agency, Inc.
Employment History
Current Registrations
Asset Strategy Advisors, LLC
Previous Registrations
Concorde Investment Services, LLCBroker
Triad Advisors, INC.Broker
Triad Advisors, INC.
H. Beck, INC.Broker
Cr Broker Services, LLCBroker
Ogilvie Security Advisors CorporationBroker
MML Investors Services, INC.Broker
Massachusetts Mutual Life Insurance CompanyBroker
Nathan, Lewis & Grant, INC.Broker
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.