Richard Fangen
Richard Fangen is a ChFC-designated registered investment advisor at Cimarron Wealth Management, INC., based in Montrose, CO, with 23 years of industry experience. Richard 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 572 clients with $330M 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 | 1.50% |
| $1.0M - $2.5M | 1.25% |
| $2.5M - $5.0M | 1.00% |
| $5.0M - $10.0M | 0.90% |
| $10.0M - $25.0M | 0.80% |
| $25.0M - $50.0M | 0.70% |
| $50M+ | 0.70% |
Fees are negotiable for accounts over $50,000,000.
Fee Estimator
Location
1701 Niagara Rd, Montrose, CO, 81401
Get directionsHistory
Regulatory History (1)
Criminal
April 1985Other Business ActivitiesSells Insurance
Richard sells group benefit insurance programs, including medical and dental insurance, through Northwest Financial Alliance and other insurance companies. He also works as an investment adviser representative for Cambridge Wealth Management, LLC and Financial Advocates Investment Management, LLC, dedicating about half his time to each.
Employment History
Current Registrations
Cimarron Wealth Management, INC.
Previous Registrations
Financial Advocates Investment Management
Cambridge Wealth Management
R & L Advisory Services, LLC
Sunset Financial Services, INC.
Linsco/private Ledger CORP.
State Registrations2 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.