Richard Hoy
Richard Hoy is a registered investment advisor at Wealthcare Advisory Partners LLC, based in La Plata, MD, with 30 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, High Net Worth, Investment Management, Retirement Planning. Their firm serves 9,142 clients with $6B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
WCAP offers investment management services where fees are based on a percentage of the assets they manage. The specific percentage can be up to 1.85% annually, depending on factors like the types of investments, the size of your account, and any special reporting or restrictions. Fees are generally paid quarterly, in advance. WCAP may offer discounted rates to employees, their families, and very high net worth clients. If WCAP uses independent managers, your overall fees will include WCAP's fee plus the manager's fees. WCAP also offers a wrap fee program where transaction costs are included in the overall advisory fee.
Location
1021 Wiltshire Drive, La Plata, MD, 20646
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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 operates his LPL business through FinPoint Wealth Management and provides investment advisory services through Wealthcare Advisory Partners LLC. These activities are investment-related and take up nearly all of Richard's time.
Employment History
Current Registrations
Wealthcare Advisory Partners LLC
LPL Financial LLCBroker
Previous Registrations
Infinex Investments, INC.Broker
Infinex Investments, INC.
Bi Investments, LLC
Bi Investments, LLCBroker
Bi Investments, LLC
Uvest Financial Services Group, INC.
Uvest Financial Services Group, INC.Broker
M&t Securities, INC.Broker
M&t Securities, INC.
VALIC Financial Advisors, INC.
VALIC Financial Advisors, INC.Broker
Morgan Stanley
Morgan Stanley Dw INC.Broker
Banc of America Investment Services, INC.Broker
NationssecuritiesBroker
State Registrations4 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.