Richard Bone
Richard Bone is a registered investment advisor at Bone Asset Management, based in Bloomfield Hills, MI, with 35 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Financial Planning & Coaching, High Net Worth, Insurance Planning, and 3 more. Their firm serves 334 clients with $59M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1M+ | 0.75% |
Fees may be negotiable. The sub-advisor also charges a fee: 0.75% on the first $1,000,000 and 0.5% on amounts greater than $1,000,000. The combined advisory fee is 1.75% on the first $1,000,000 and 1.25% on amounts greater than $1,000,000.
Fee Estimator
Location
40950 Woodward Avenue, Suite 335, Bloomfield Hills, MI, 48306
Get directionsHistory
Regulatory History (4)
Customer Dispute
October 2014Customer Dispute
February 2000Customer Dispute
June 1996Employment Separation After Allegations
September 1992Other Business Activities
Richard is the President of Bone Asset Management, providing retirement planning advice. This activity takes significantly more than full-time hours, encompassing all market hours.
Employment History
Current Registrations
Bone Asset Management
Previous Registrations
Harbor Financial Services, LLC
Harbor Financial Services, LLCBroker
Raymond James Financial Services, INC.Broker
Robert W. Baird & CO. IncorporatedBroker
Principal Financial Securities,inc.Broker
Gruntal & CO. IncorporatedBroker
Lehman Brothers INC.Broker
Mclaughlin, Piven, Vogel Securities, INC.Broker
State Registrations2 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.