Richard Mcwhorter
Richard Mcwhorter is a registered investment advisor at Summit Financial, LLC, based in Beverly Hills, CA, with 33 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Financial Planning & Coaching, High Net Worth, and 3 more. Their firm serves 9,865 clients with $15B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Summit Financial offers various investment management programs. Financial advisors set their own advisory fees, but the maximum advisory fee for all programs is 1.50%. Clients in certain programs may also pay a program fee. Clients invested in the Tax-Deferred Strategies Portfolios are charged a monthly platform fee of $20/month by Nationwide, plus a "Low Cost Fund Platform Fee" up to 0.35% annually. Fees are negotiable.
Location
9713 Santa Monica Blvd., Suite 219, Beverly Hills, CA, 90210
Get directionsHistory
Regulatory History (3)
Customer Dispute
May 2014Customer Dispute
March 2014Customer Dispute
October 1997Other Business ActivitiesSells Insurance
Richard is involved with three outside business activities. He dedicates minimal time to a private music club, about a quarter of his time to SMS Private Wealth, and offers insurance as a broker or agent through numerous companies, earning compensation on sales.
Employment History
Current Registrations
Summit Financial, LLC
Previous Registrations
Private Client Services, LLCBroker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Citigroup Global Markets INC.
Citigroup Global Markets INC.Broker
Painewebber IncorporatedBroker
State Registrations1 state
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.