Richard Armento
Richard Armento is a registered investment advisor at Osaic Wealth, INC., based in Brea, CA, with 36 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
Brea, CA
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Regulatory History (1)
Customer Dispute
April 2009Other Business ActivitiesSells Insurance
Richard is the president of DMA Insurance Agency and Total Insurance Access, LLC, focusing on property and casualty insurance. He also dedicates time to DMA Insurance Services, Inc. and Total Insurance, LLC, mentoring life insurance agents; these activities take about half of Richard's time.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Previous Registrations
Woodbury Financial Services, INC.
Woodbury Financial Services, INC.Broker
Washington Square Securities, INC.Broker
Royal Alliance Associates, INC.Broker
Pruco Securities CorporationBroker
Fortis Investors, INC.Broker
Sme Capital Management CorporationBroker
State Registrations4 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.