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Richard Saperstein

Hightower Advisors, LLC
43 Years of Experience
New York City, NY
1 DisclosureBroker
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Richard Saperstein is a registered investment advisor at Hightower Advisors, LLC, based in New York City, NY, with 43 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 Alternative Investments, Annuities, Business Owners, Charitable Giving, and 9 more. Their firm serves 64,035 clients with $200B in assets under management.

Hightower Advisors, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
1045 advisors
Number of Clients
64,035 clients
Average Client Portfolio
$3.1M average
Assets Under Management
$198.6B

Fee Structure

Planning is included in investment management (also available separately)

Hightower Advisors charges fees that vary depending on the specific advisor and service used, typically calculated as a percentage of your portfolio. Fees may be structured as a flat percentage or through tiered rates where the percentage changes based on the size of your investments. Fees are generally billed quarterly or monthly, either in advance or in arrears. Specific fee schedules, minimum account sizes, and minimum annual fees are determined by individual advisor practices.

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Location

300 Madison Avenue, 29th Floor, New York City, NY, 10017

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History

Regulatory History (1)
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 2002
Settled
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Other Business Activities

Richard is a director and finance committee member for Israel Venture Networks, a philanthropy organization, dedicating minimal time. He is also an advisor for the Michael Price Student Investment Fund at NYU Stern School of Business, spending minimal time. Additionally, Richard is a board observer for Vines of Argentina, Inc., a winery, spending minimal time.

Employment History
Current Registrations
Hightower Securities, LLC
May 2009 - Present · 17 yrs 5 mos
Hightower Advisors, LLC
May 2009 - Present · 17 yrs 5 mos
Hightower Securities, LLCBroker
May 2009 - Present · 17 yrs 5 mos
Previous Registrations
J.p.morgan Securities INC.
May 2003 - May 2009 · 6 yrs
J.P. Morgan Securities INC.Broker
May 2003 - May 2009 · 6 yrs
Oppenheimer & CO., INC.Broker
April 1988 - April 1995 · 7 yrs
Cibc World Markets CORP.Broker
May 1987 - May 2003 · 16 yrs
Janney Montgomery Scott INC.Broker
July 1983 - May 1987 · 3 yrs 10 mos
State Registrations28 states
ALAZCACOCTDCDEFLGAIDILKYMAMDMONCNENJNVNYOHORPASCTXUTVAWA
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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