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Richard Cerminara

Silver Grove Advisory Services
38 Years of Experience
Saranac Lake, NY
Sells Insurance
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Richard Cerminara is a registered investment advisor at Silver Grove Advisory Services, based in Saranac Lake, NY, with 38 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 3 more. Their firm serves 2,150 clients with $450M in assets under management.

Silver Grove Advisory Services
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
17 advisors
Number of Clients
2,150 clients
Average Client Portfolio
$211K average
Assets Under Management
$453.6M

Fee Structure

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

Fees range from 0.0% to 2.00% annually based on account complexity, asset level, and overall relationship. Fees are negotiable.

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

Saranac Lake, NY

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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 sells life, long-term care insurance, and annuities, dedicating about 10-20% of his time to fact-finding and presenting options to prospective clients. He also owns residential rental property and is an independent representative for United Healthcare and AIB Ins Broker, earning commissions, and is an IAR for RCIS LLC.

Employment History
Current Registrations
Silver Grove Advisory Services
November 2021 - Present · 4 yrs 11 mos
Previous Registrations
Richard Cerminara Investor Services, LLC
February 2021 - December 2021 · 10 mos
Gwn Securities INC.
September 2016 - December 2020 · 4 yrs 3 mos
Gwn Securities INC.Broker
January 2005 - December 2020 · 15 yrs 11 mos
Pmg Securities CorporationBroker
February 2003 - December 2004 · 1 yr 10 mos
Royal Alliance Associates, INC.Broker
April 2000 - February 2003 · 2 yrs 10 mos
Pmg Securities CorporationBroker
October 1997 - April 2000 · 2 yrs 6 mos
John Hancock Distributors, INC.Broker
November 1987 - October 1997 · 9 yrs 11 mos
John Hancock Mutual Life Insurance CompanyBroker
November 1987 - May 1997 · 9 yrs 6 mos
State Registrations1 state
NY
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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