Richard Lester is a registered investment advisor at Witter & Lester INC, based in Huntsville, AL, with 21 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 4 clients with $6.5M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Witter & Lester charges up to 2% annually based on the market value of your account. This fee is billed quarterly. The fees may be negotiable. There are different fee schedules for fixed income securities (0.125% per quarter), equity securities (0.25% per quarter), and a 10/10 program (0.10% in money market accounts and 0.5% in equity investments per quarter, or 1.25% annually).
Location
Huntsville, AL
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Current Registrations
Witter & Lester INC
State Registrations1 state
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