Edward Pitts
Edward Pitts is a CFP-designated registered investment advisor at Richardson Financial Services, based in Medway, MA, with 31 years of industry experience. Edward 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, Investment Management, and 2 more. Their firm serves 603 clients with $210M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Richardson Financial Services (RFS) manages investments through the AssetMark and Envestnet platforms. Here's how the fees work:
- AssetMark Platform: Total fees range from 1.5% to 2.2% of your portfolio per year, including RFS's advisory fee (typically 1.00%) and AssetMark's fee.
- Envestnet Platform: Total fees range from 0.60% to 2.2% of your portfolio per year, including RFS's advisory fee (typically not more than 1.00%) and Envestnet's fee.
These fees cover investment management and custodial services. The specific fee depends on the investment solution you choose. Cash held in the account is also charged the same management fees. Lower fees may be negotiable.
Location
165 Village St, Medway, MA, 02053
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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 ActivitiesSells Insurance
Edward is an insurance agent with JR Insurance Brokerage since 2019 and a financial advisor with Richardson Financial Services, spending minimal time on each. He also works as an ice hockey referee for about 10% of his time.
Employment History
Current Registrations
Richardson Financial Services
J.W. Cole Financial, INC.Broker
Previous Registrations
Edward Jones
Edward JonesBroker
Advice and Planning Services
Tiaa-Cref Individual & Institutional Services, LLCBroker
Ifmg Securities, INC.Broker
First Allied Securities, INC.Broker
Fidelity Investments Institutional Services Company, INC.Broker
State Registrations8 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.