Richard Fortune
Richard Fortune is a registered investment advisor at MML Investors Services, LLC, based in Warren, NJ, with 39 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Retirement Planning. Their firm serves 392,809 clients with $90B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
MML Investors Services manages investment menus for retirement plans and offers a managed account service for participants.
For the overall plan, MMLIS selects and monitors investment options. For participants using the managed account service, fees are charged quarterly, up to a maximum of 0.60% per year of the account value. MMLIS receives 0.10% of this fee, with the remainder going to Morningstar and the recordkeeper. The exact fees vary by recordkeeper and whether the service is a Qualified Default Investment Alternative.
Location
25 Independence Boulevard, Suite 200, 2nd floor, Warren, NJ, 07059
Get directionsHistory
Regulatory History (6)
Customer Dispute
August 2017Customer Dispute
June 2015Customer Dispute
March 2015Customer Dispute
March 2015Customer Dispute
February 2008Customer Dispute
June 2007Other Business ActivitiesSells Insurance
Richard is an insurance agent selling life, disability, long-term care, health, and fixed annuities, dedicating a few hours per week. He also has ownership in Fortune Real Estate Partners LLC and is a managing member of Fortune Wealth Financial Group LLC, spending about a quarter of his time on the latter.
Employment History
Current Registrations
MML Investors Services, LLC
MML Investors Services, LLCBroker
Previous Registrations
Msi Financial Services, INC.
Msi Financial Services, INC.Broker
Metropolitan Life Insurance CompanyBroker
State Registrations38 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.