Richard Herbert
Richard Herbert is a registered investment advisor at LPL Financial LLC, based in Highlands Ranch, CO, with 35 years of industry experience. Their practice areas include Investment Management. Their firm serves 1,676,192 clients with $620B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPL Financial, along with your advisor, charges an annual fee based on the value of your account. This fee covers asset management, administrative, and custodial services. The fee is negotiable, but the maximum is 2.50% per year, paid quarterly in advance. LPL may share a portion of this fee with your advisor.
Location
8744 Kendrick Castillo Way, Suite 535, Highlands Ranch, CO, 80129
Get directionsHistory
Regulatory History (6)
Judgment / Lien
September 2025Employment Separation After Allegations
December 2005Customer Dispute
June 1999Criminal
February 1991Criminal
February 1990Criminal
October 1989Other 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
LPL Financial LLC
Previous Registrations
Waddell & ReedBroker
Waddell & Reed
New England Securities Corporation
New England SecuritiesBroker
MML Investors Services, INC.
MML Investors Services, INC.Broker
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
The Prudential Insurance Company of AmericaBroker
State Registrations50 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.