Jay Richards
Jay Richards is a CFP-designated registered investment advisor at Investment Advisory Group LLC, based in Sarasota, FL, with 35 years of industry experience. Jay operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 1,542 clients with $1.2B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1M+ | 1.00% |
For amounts over $1 million, the fee ranges from 1% to 0.75% per year, depending on the complexity and services provided. Individual Fixed Income Portfolios: 0.50% per year. Fees are negotiable.
Fee Estimator
Location
1343 Main Street, Suite 705-787, Sarasota, FL, 34236
Get directionsHistory
Regulatory History (1)
Customer Dispute
September 2006Other Business Activities
Jay is a 50% owner of Investment Advisory Group LLC and a partner in IAG Realty Trust, spending minimal time on the latter which involves condo rentals. He is also dually registered as an investment advisor representative with Investment Advisory Group, LLC and as a Registered Representative with Cetera Advisors, LLC, and a minority owner/shareholder of Cetera Advisors, LLC.
Employment History
Current Registrations
Investment Advisory Group LLC
Cetera Advisors LLCBroker
Previous Registrations
Ids Life Insurance CompanyBroker
American Express Financial Advisors INC.Broker
State Registrations16 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.