TrueAdvisor
TrueAdvisor
RS
CFP
RS
CFP

Richard Stainsby

Wealthstar Advisors, LLC
35 Years of Experience
4 DisclosuresSells Insurance
View SEC Summary
View SEC Summary
Areas of Practice
Investment ManagementRetirement PlanningTax PlanningEstate PlanningEducation PlanningFinancial Planning & CoachingInsurance PlanningHigh Net WorthBusiness Owners
Wealthstar Advisors, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12 advisors
Number of Clients
712 clients
Average Client Portfolio
$1.1M average
Assets Under Management
$791.5M

Fee Structure

Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any1.50%

This fee applies to monitoring mutual fund sub-accounts of annuities and 401(k) plans. Fees are negotiable. Portfolio management services are offered solely on a wrap fee basis, details in Appendix 1.

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

Location

305B W Spring Creek Pkwy, Suite 400, Plano, TX, 75023

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History

Regulatory History (4)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
December 2009
Denied
Customer Dispute
July 2007
Denied
Customer Dispute
April 2000
Denied
Customer Dispute
April 2000
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Richard operates under the DBA Upstream Investment Partners. He is also an independently licensed insurance agent appointed with various insurance companies.

Employment History
Current Registrations
Wealthstar Advisors, LLC
July 2021 - Present · 4 yrs 8 mos
Previous Registrations
Spc
March 2018 - July 2021 · 3 yrs 4 mos
Sigma Financial CorporationBroker
March 2018 - July 2021 · 3 yrs 4 mos
Ameriprise Financial Services, INC.
November 2012 - March 2018 · 5 yrs 4 mos
Ameriprise Financial Services, INC.Broker
November 2012 - March 2018 · 5 yrs 4 mos
Metlife Securities INC.
May 2004 - November 2012 · 8 yrs 6 mos
Metlife Securities INC.Broker
November 2002 - November 2012 · 10 yrs
Metropolitan Life Insurance CompanyBroker
November 2002 - July 2007 · 4 yrs 8 mos
Lasalle St Securities, L.L.C.Broker
January 2002 - November 2002 · 10 mos
Source Capital Group, INC.Broker
December 2001 - January 2002 · 1 mo
Merit Capital Associates, INC.Broker
August 2001 - December 2001 · 4 mos
Cambridge Investment Research, INC.Broker
May 2000 - September 2001 · 1 yr 4 mos
Sunamerica Securities, INC.Broker
December 1999 - June 2000 · 6 mos
Fifth Third Securities, INC.Broker
May 1999 - January 2000 · 8 mos
Fifth Third Securities, INC.Broker
May 1999 - May 1999 · 0 mos
Wells Fargo Securities INC.Broker
May 1998 - May 1999 · 1 yr
Comerica SecuritiesBroker
March 1996 - August 1996 · 5 mos
Northern Trust Securities, INC.Broker
August 1993 - September 1994 · 1 yr 1 mo
New England Securities CorporationBroker
January 1988 - December 1989 · 1 yr 11 mos
Anchor National Financial Services, INC.Broker
July 1987 - January 1988 · 6 mos
B.C. Christopher Securities CO.Broker
August 1986 - June 1987 · 10 mos
Southmark Financial Services, INC.Broker
April 1986 - July 1986 · 3 mos
Design Capital Securities CORP.Broker
February 1986 - April 1986 · 2 mos
Nml Equity Services, INC.Broker
December 1984 - February 1986 · 1 yr 2 mos
Connecticut Mutual Financial Services, INC.Broker
July 1983 - November 1984 · 1 yr 4 mos
The Equitable Life Assurance Society of the United StatesBroker
April 1983 - July 1983 · 3 mos
State Registrations3 states
LAOHTX
Advisor

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.