Richard Grucz
Richard Grucz is a registered investment advisor at Silver Oak Securities, INC., based in Allen Park, MI, 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 Education Planning, Estate Planning, Financial Planning & Coaching, Investment Management, and 2 more. Their firm serves 8,671 clients with $2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Silver Oak Securities offers investment management through its Compass and AdvisorFX programs. The advisor fee is negotiable, with a maximum of 2% of assets. In addition to the advisor fee, there is a platform fee that includes a flat $45 per year and an asset-based fee between 0.08% and 0.15% for Compass accounts, and 0.20% for AdvisorFX accounts. Fees are billed quarterly or monthly, either in arrears or in advance. The platform fee covers access to account data, performance reporting, and other services.
Location
7000 Roosevelt, Suite 103, Allen Park, MI, 48101
Get directionsHistory
Regulatory History (2)
Customer Dispute
October 2003Customer Dispute
February 2003Other Business ActivitiesSells Insurance
Richard spends the majority of his time (60%) on investment advisory services through Grucz Financial DBA. He is also a licensed insurance agent selling insurance products, dedicating about 10-20% of his time to this activity.
Employment History
Current Registrations
Silver Oak Securities, INC.
Silver Oak Securities, IncorporatedBroker
Previous Registrations
Sagepoint Financial, INC.
Sagepoint Financial, INC.Broker
American Portfolios Advisors, INC
American Portfolios Financial Services, INC.Broker
Sagepoint Financial, INC.
Sagepoint Financial, INC.Broker
Sunamerica Securities, INC.
Sunamerica Securities, INC.Broker
Mariner Financial Services, INC.Broker
American Express Financial Advisors INC.Broker
State Registrations5 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.