Richard Groff
Richard Groff is a CFP-designated registered investment advisor at Themoneymd.com, LLC, based in Box Elder, SD, with 25 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, High Net Worth, Investment Management, Retirement Planning, and 1 more. Their firm serves 31 clients with $13M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
The firm’s maximum annual advisory fee for accounts paying a percentage of assets under management is 1.00%. Fees may vary based on the size of the account, complexity of the portfolio, extent of activity in the account or other reasons agreed upon by us and you as the client.
Fee Estimator
Location
Box Elder, SD
Get directionsHistory
Regulatory History (1)
Customer Dispute
July 2007Other Business ActivitiesSells Insurance
Richard is a trustee for his mother, spending minimal time on this. He is also an agent with Family Legacy Planning LLC, selling life insurance, annuities, and fixed insurance, dedicating about half his time to this. Additionally, he is a managing member of Health and Big Wealth, LLC, a bookkeeping entity, spending about 10-20% of his time.
Employment History
Current Registrations
Themoneymd.com, LLC
Previous Registrations
Advisornet Wealth Management
Wealth Management International, LTD.
The Planners Network, INC.
National Planning Corporation ("npc of America" in Fl & Ny)
State Registrations5 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.