Richard Adams
Richard Adams is a ChFC-designated registered investment advisor at LPL Financial LLC, based in Richmond, VA, with 40 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
567 B Southlake Blvd., Richmond, VA, 23236
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
July 2023Other Business ActivitiesSells Insurance
Richard sells fixed annuities, life, and health insurance since 2017, dedicating about 10-20% of his time to this. He also does tax preparation/accounting and is a non-profit board member, dedicating minimal time to each.
Employment History
Current Registrations
LPL Financial LLC
LPL Financial LLCBroker
Previous Registrations
Colonial River Wealth Management LLC
Securities America, INC.Broker
Securities America Advisors, INC.
Investors Security Company, INC.
Pfg Distribution CompanyBroker
Investors Security Company, INC.Broker
Mutual Service CorporationBroker
Wheat, First Securities, INC.Broker
State Registrations9 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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