Richard Davidman
Richard Davidman is a registered investment advisor at Commonwealth Financial Network, based in New York, NY, with 41 years of industry experience. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 399,450 clients with $210B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Commonwealth Financial Network offers investment management through various programs like PPS Custom, PPS Select, and PPS Direct. Fees are generally calculated as a percentage of your portfolio, including cash and money market positions. The exact fees vary depending on the specific program and the agreement between you and your advisor.
Commonwealth generally offers two types of fee schedules: blended and breakpoint. With a blended schedule, different portions of your portfolio are charged at different rates. With a breakpoint schedule, the fee rate declines as your portfolio value reaches certain levels. All fees are negotiable between the advisor and client.
Location
41 East 57th Street, Suite 1103, New York, NY, 10022
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
March 2011Other Business ActivitiesSells Insurance
Richard owns DFN Advisors, Inc. to facilitate securities, advisory, and insurance business, and also engages in fixed insurance sales as an agent under the name 'Davidman Financial Network', dedicating minimal time to each. He also owns Downtown Financial Network LTD, an art gallery, and rental property in Delray Beach, FL.
Employment History
Current Registrations
Commonwealth Financial Network
Commonwealth Financial NetworkBroker
Previous Registrations
LPL Financial LLC
LPL Financial LLCBroker
New England Securities Corporation
New England SecuritiesBroker
First Investors CorporationBroker
State Registrations17 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.