Richard Simkus
Richard Simkus is a registered investment advisor at Apollon Wealth Management, LLC, based in Newton, PA, with 41 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Estate Planning, Financial Planning & Coaching, High Net Worth, and 2 more. Their firm serves 6,762 clients with $7.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Apollon Wealth charges an annual advisory fee based on the value of your portfolio or a flat dollar fee, up to 2.00% annually. Additional costs may apply for accounts invested with sub-advisors or in certain investment strategies, such as Direct Indexing (0.10% fee) or accounts managed by CJ Lawrence division (0.30% fee). Some strategies have a supplemental cost that replaces the standard fee, paid directly by the program sponsor. Fees are negotiable and can vary based on the size and complexity of the relationship. There may be an account minimum, which can cause the total annual effective fee rate to be higher than 2.00%.
Location
4 Caufield Place, Suite 102, Newton, PA, 18940
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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 ActivitiesSells Insurance
Richard is a managing member of Prism Advisory Group LLC, providing investment advice and financial planning, which is a full-time commitment. He is also an investment manager for Prism Jade Fund LP, a hedge fund, spending about 10-20% of his time on research and communication. Richard supports fixed/traditional insurance products as an agent with PKS Financial, but dedicates minimal time to this activity.
Employment History
Current Registrations
Apollon Wealth Management, LLC
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
Frontier Solutions, LLCBroker
Prism Funds, LLC
Prism Advisory Group, LLC
Mcdonald Partners LLCBroker
Mcdonald Partners LLC
American Securities Group, INC.
American Securities Group, INC.Broker
Wachovia Securities Financial Network, LLC
Wachovia Securities Financial Network, LLCBroker
Captrust Financial Advisors
Captrust Financial Advisors, LLCBroker
Wachovia Securities, INC.Broker
Salomon Smith Barney INC.Broker
Lehman Brothers INC.Broker
Dean Witter Reynolds INC.Broker
State Registrations1 state
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.