Richard Rizzuto
Richard Rizzuto is a registered investment advisor at Craft Wealth Management LLC, based in Garden City, NY, with 32 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 58 clients with $9.2M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Craft Wealth Management's fees for managing your investments are based on a percentage of your portfolio's value. The exact percentage is negotiable, but the maximum annual fees are:
- Up to $249,999: 2.50%
- $250,000 - $499,999: 2.40%
- $500,000 - $999,999: 2.25%
- $1,000,000 and up: 1.95%
Clients using the SSGA platform will be charged 1.30% per year, plus 0.15% to NextCapital. There is also an annual maintenance fee of $60.
Location
377 Oak Street, Lower Concourse, Garden City, NY, 11530
Get directionsHistory
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 an independent life and health agent in NYS, spending minimal time on this activity. He also works as a Portfolio Manager at Craft Wealth Management, LLC, dedicating about 10-20% of his time, and is a board member for the National Investment Banking Association (NIBA), spending a few hours per week recruiting new members.
Employment History
Current Registrations
Craft Wealth Management LLC
Craft Capital Management LLC
Craft Capital Management LLCBroker
Previous Registrations
Craft Wealth Management LLC
Craft Wealth Management LLC
Newport Coast Asset Management
Newport Coast Securities, INC.Broker
Ariston Wealth Management, LP
Meyers Associates, L.P.Broker
Ariston Wealth Management, LP
Park Avenue Securities LLC
Park Avenue Securities LLCBroker
Z&z Securities INC.Broker
Stuart Frankel & CO., IncorporatedBroker
Credit Suisse First Boston CorporationBroker
Donaldson, Lufkin & Jenrette Securities CorporationBroker
State Registrations28 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.