RB
RB
Richard Bernstein
42 Years of Experience
Incline Village, NV
8 DisclosuresBroker
Richard Bernstein is a registered investment advisor at Wells Fargo Advisors, based in Incline Village, NV, with 42 years of industry experience. Their practice areas include Business Owners, Divorce Planning, Education Planning, Financial Planning & Coaching, and 2 more. Their firm serves 1,327,695 clients with $610B in assets under management.
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
14703 advisors
IM Fee
Planning only
Assets Under Management
$606.0B
Fee Structure
Minimum Investment:$250K
- Cash Flow Analysis — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Education Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Retirement Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Risk Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Wealth Planning — Up to $1,000 for clients with a net worth of $250,000 to $500,000; up to $2,500 for clients with a net worth over $500,000 to $1,000,000; up to $5,000 for clients with a net worth over $1,000,000.
- Divorce Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Special Needs Analysis — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Sports & Entertainment — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
- Business Owner Planning — Up to $1,500 for clients with a net worth of $250,000 to $500,000; up to $3,750 for clients with a net worth over $500,000 to $1,000,000; up to $7,500 for clients with a net worth over $1,000,000.
The total fee per engagement can range up to $5,000 for clients with a net worth of $250,000 to $500,000, up to $12,500 for clients with a net worth over $500,000 to $1,000,000, and up to $25,000 for clients with a net worth over $1,000,000. Fees are subject to negotiation and may vary.
One-Time Plan:Up to $25,000
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Location
925 Tahoe Blvd Ste 202, Incline Village, NV, 89451
Get directionsHistory
Regulatory History (8)
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
February 2019Settled
Customer Dispute
January 2019Settled
Customer Dispute
December 2009Closed-No Action
Customer Dispute
November 2008Settled
Customer Dispute
October 2008Denied
Customer Dispute
March 2008Settled
Customer Dispute
June 1994Award / Judgment
Customer Dispute
December 1992Award / Judgment
Other Business Activities
Richard owns rental properties in Kihei, Hawaii, and Eugene, Oregon. He spends minimal time on these activities.
Employment History
Current Registrations
Wells Fargo Clearing Services, LLCBroker
July 2015 - Present · 11 yrs
Wells Fargo Advisors
July 2015 - Present · 11 yrs
Previous Registrations
Morgan StanleyBroker
June 2009 - July 2015 · 6 yrs 1 mo
Morgan Stanley
June 2009 - July 2015 · 6 yrs 1 mo
Morgan Stanley & CO. Incorporated
April 2009 - June 2009 · 2 mos
Morgan Stanley & CO. IncorporatedBroker
April 2009 - June 2009 · 2 mos
UBS Financial Services INC.
February 2003 - April 2009 · 6 yrs 2 mos
UBS Financial Services INC.Broker
February 2003 - April 2009 · 6 yrs 2 mos
Salomon Smith Barney INC.
July 1997 - March 2003 · 5 yrs 8 mos
Salomon Smith Barney INC.Broker
April 1992 - March 2003 · 10 yrs 11 mos
Prudential Securities IncorporatedBroker
December 1988 - May 1992 · 3 yrs 5 mos
Bear, Stearns & CO. INC.Broker
August 1985 - December 1988 · 3 yrs 4 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
April 1983 - September 1985 · 2 yrs 5 mos
State Registrations26 states
ALAZCACOCTFLHIIAIDILKSKYMINCNJNMNVNYOHORSCTNTXUTWAWI
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.