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Richard Herbert

LPL Financial LLC
36 Years of Experience
Highlands Ranch, CO
6 DisclosuresBrokerSells Insurance
View SEC Summary
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Richard Herbert is a registered investment advisor at LPL Financial LLC, based in Highlands Ranch, CO, with 36 years of industry experience. Richard is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

8744 Kendrick Castillo Way, Suite 535, Highlands Ranch, CO, 80129

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History

Regulatory History (6)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Judgment / Lien
September 2025
Employment Separation After Allegations
December 2005
Customer Dispute
June 1999
Settled
Criminal
February 1991
Final Disposition
Criminal
February 1990
Final Disposition
Criminal
October 1989
Final Disposition
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Richard operates under several business entities, including RMW Financial Group and RMW Rocky Mountain Wealth Advisory Group, LLC, both DBAs for his LPL business. He also owns R W Herbert & Associates, LTD for tax/investment purposes and works as a non-variable insurance agent, dedicating about a quarter of his time to RMW Rocky Mountain Wealth Advisory Group, LLC.

Employment History
Current Registrations
LPL Financial LLCBroker
July 2021 - Present · 5 yrs 3 mos
LPL Financial LLC
July 2021 - Present · 5 yrs 3 mos
Previous Registrations
Waddell & ReedBroker
March 2011 - July 2021 · 10 yrs 4 mos
Waddell & Reed
March 2011 - July 2021 · 10 yrs 4 mos
New England Securities Corporation
April 2008 - March 2011 · 2 yrs 11 mos
New England SecuritiesBroker
August 2007 - March 2011 · 3 yrs 7 mos
MML Investors Services, INC.
February 2006 - August 2007 · 1 yr 6 mos
MML Investors Services, INC.Broker
February 2006 - August 2007 · 1 yr 6 mos
Prudential Financial Planning Services
February 2001 - December 2005 · 4 yrs 10 mos
Pruco Securities, LLC.Broker
May 1990 - December 2005 · 15 yrs 7 mos
The Prudential Insurance Company of AmericaBroker
May 1990 - December 1993 · 3 yrs 7 mos
State Registrations50 states
AKALAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPAPRRISCSDTNTXUTVAVTVirgin IslandsWAWIWVWY
AdvisorBrokerBoth

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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