Richard Schaeffer is a CFP-designated registered investment advisor at LPL Financial LLC, based in Rockville, MD, with 42 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 Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 2.50% |
The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.
Fee Estimator
Location
4612 Great Oak Road, Rockville, MD, 20853
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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 Activities
Richard operates Schaeffer Financial as a DBA for his LPL business and as a Registered Investment Advisor. He dedicates a few hours per week to providing investment advisory services through Schaeffer Financial.
Employment History
Current Registrations
LPL Financial LLCBroker
Schaeffer Financial LLC
Previous Registrations
Financial Services Advisory INC
Grove Point Investments, LLCBroker
Carey Jamison & CompanyBroker
Hibbard Brown & CO., INC.Broker
Financial Network Investment CorporationBroker
Fsc Securities CorporationBroker
State Registrations32 states
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
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