RM
ChFC
RM
ChFC

Richard Milella

15 Years of Experience
Farmingdale, NY
Sells Insurance

Richard Milella is a ChFC-designated registered investment advisor at Brookstone Wealth Advisors, LLC, based in Farmingdale, NY, with 15 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Annuities, Education Planning, Estate Planning, and 5 more.

Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
241 advisors
Number of Clients
Not specified
Average Client Portfolio
Not specified

Fee Structure

Minimum Investment:$25K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

Total advisory fee will not exceed 2.5% annually and is negotiable based on assets, investments, and complexity.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location

145 Merritts Road, Farmingdale, NY, 11735

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History

Regulatory History
Clean regulatory record

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.

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Other Business ActivitiesSells Insurance

Richard is an independent insurance sales agent since 1986, selling fixed, disability, health, life, employee benefits, and long-term care insurance, dedicating about half his time. He also provides financial counseling for college-bound families and offers fee-based financial and tax planning services through R.F. Milella Advisory Associates, Ltd, dedicating full-time hours to the latter.

Employment History
Current Registrations
Brookstone Wealth Advisors, LLC
June 2014 - Present · 12 yrs 4 mos
Previous Registrations
Redhawk Wealth Advisors, INC.
August 2011 - June 2014 · 2 yrs 10 mos
Ronald A. Bartlett & Associates, LTD
June 2011 - August 2011 · 2 mos
State Registrations4 states
LANJNYTX
Advisor

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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