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CFA

Richard Davis

LPL Enterprise, LLC
24 Years of Experience
Warwick, RI
Broker
View SEC Summary
View SEC Summary

Richard Davis is a CFA-designated registered investment advisor at LPL Enterprise, LLC, based in Warwick, RI, with 24 years of industry experience. Richard is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Divorce Planning, Education Planning, Estate Planning, Insurance Planning, and 3 more. Their firm serves 102,563 clients with $25B in assets under management.

LPL Enterprise, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
3131 advisors
Number of Clients
102,563 clients
Average Client Portfolio
$243K average
Assets Under Management
$24.9B

Fee Structure

Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.35%

Maximum advisory fee for Model Wealth Portfolios is 2.35% and is negotiable, plus manager fees ranging from 0% to 0.60%. Third-party asset management fees typically max out at 2.0%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

475 Kilvert Street, Suite 135, Warwick, RI, 02886

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History

Regulatory History
Clean regulatory record

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.

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Employment History
Current Registrations
LPL Enterprise, LLC
July 2026 - Present · 3 mos
LPL Enterprise, LLC
June 2026 - Present · 4 mos
LPL Enterprise, LLCBroker
June 2026 - Present · 4 mos
Previous Registrations
Northwestern Mutual Investment Services,llc
July 2023 - January 2025 · 1 yr 6 mos
Northwestern Mutual Investment Services, LLCBroker
July 2023 - January 2025 · 1 yr 6 mos
Transamerica Financial Advisors, INC.
April 2021 - November 2021 · 7 mos
Transamerica Financial Advisors, INCBroker
March 2021 - November 2021 · 8 mos
Virtus Investment Advisers, INC.
September 2014 - May 2019 · 4 yrs 8 mos
Vp Distributors LLCBroker
February 2013 - May 2019 · 6 yrs 3 mos
Rampart Securities, INC.Broker
January 2010 - February 2012 · 2 yrs 1 mo
Natixis Distributors, L.P.Broker
February 2009 - May 2009 · 3 mos
The Colony Group of Naples, LLC
June 2006 - January 2007 · 7 mos
The Colony Group, LLC
May 2005 - January 2007 · 1 yr 8 mos
Babson Securities CorporationBroker
August 2003 - February 2004 · 6 mos
Standish Fund Distributors, L.P.Broker
March 1996 - October 2001 · 5 yrs 7 mos
Goldman, Sachs & CO.Broker
December 1982 - January 1989 · 6 yrs 1 mo
State Registrations2 states
MARI
AdvisorBrokerBoth

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.

Exams
No exam information available for this advisor.
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