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Richard Grucz

Silver Oak Securities, INC.
40 Years of Experience
Allen Park, MI
2 DisclosuresBrokerSells Insurance
View SEC Summary
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Richard Grucz is a registered investment advisor at Silver Oak Securities, INC., based in Allen Park, MI, 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 Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 8 more. Their firm serves 8,746 clients with $2.4B in assets under management.

Silver Oak Securities, INC.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
168 advisors
Number of Clients
8,746 clients
Average Client Portfolio
$280K average
Assets Under Management
$2.4B

Fee Structure

Minimum Investment:None
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

The maximum advisor fee is 2.0% of assets. Fees are negotiable between you and your financial professional. Accounts also incur a platform fee consisting of $45 annually plus an asset-based fee between 0.05% and 0.25%.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

7000 Roosevelt, Suite 103, Allen Park, MI, 48101

Get directions

History

Regulatory History (2)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
October 2003
Denied
Customer Dispute
February 2003
Denied
View Full SEC ReportHow to Read Disclosures
Other 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.
August 2020 - Present · 6 yrs 2 mos
Silver Oak Securities, IncorporatedBroker
August 2020 - Present · 6 yrs 2 mos
Previous Registrations
Sagepoint Financial, INC.
December 2011 - August 2020 · 8 yrs 8 mos
Sagepoint Financial, INC.Broker
December 2011 - August 2020 · 8 yrs 8 mos
American Portfolios Advisors, INC
January 2010 - December 2011 · 1 yr 11 mos
American Portfolios Financial Services, INC.Broker
January 2010 - December 2011 · 1 yr 11 mos
Sagepoint Financial, INC.
October 2005 - January 2010 · 4 yrs 3 mos
Sagepoint Financial, INC.Broker
October 2005 - January 2010 · 4 yrs 3 mos
Sunamerica Securities, INC.
October 2004 - October 2005 · 1 yr
Sunamerica Securities, INC.Broker
July 1997 - October 2005 · 8 yrs 3 mos
Mariner Financial Services, INC.Broker
July 1996 - July 1997 · 1 yr
American Express Financial Advisors INC.Broker
August 1986 - June 1996 · 9 yrs 10 mos
State Registrations6 states
MDMIMONVTXVA
AdvisorBrokerBoth

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
No exam information available for this advisor.
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