Richard Alphonso
Richard Alphonso is a PFS-designated registered investment advisor at Wealth Enhancement Advisory Services, LLC, based in Houston, TX, with 29 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Alternative Investments, Annuities, Business Owners, Corporate Executives, and 8 more. Their firm serves 85,001 clients with $120B 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 | 2.00% |
Fees are negotiable and vary by client complexity, not to exceed 2.00% per year. Sample schedules show rates of 1.50% for portfolios under $1M, 1.25% for $1M to $2M, and 1.00% for over $2M.
Fee Estimator
Location
5599 San Felipe, Suite 900, Houston, TX, 77056
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Richard is involved with three businesses: The Practice Advisory Group, LLC (medical and dental practice management, minimal time), Back Office Support Services, LLC (bookkeeping, minimal time), and Wealth Enhancement Tax and Consulting Services, LLC (tax preparation, about 10-20% of his time). None of these activities appear to be investment-related.
Employment History
Current Registrations
Wealth Enhancement Advisory Services, LLC
Previous Registrations
The Financial Advisory Group, LLC
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.
Exams
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