Richard Hammond is a CFP-designated registered investment advisor at Mjp Wealth Advisors, based in Farmington, CT, with 31 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, Investment Management, Retirement Planning. Their firm serves 906 clients with $1.6B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $750K | 1.35% |
| $750K - $1.2M | 1.15% |
| $1.3M - $2.0M | 0.95% |
| $2.0M - $3.0M | 0.80% |
| $3.0M - $4.5M | 0.75% |
| $4.5M+ | 0.75% |
Fees negotiable for accounts over $4.5 million. A flat fee not to exceed 1.00% is charged for the management of any 401(k) self-directed brokerage and/or outside brokerage assets. If MJP is the advisor for a 401(k) plan with plan assets equal to $2 million or above, the plan participant’s households are entitled to a flat fee of 1.00% for management of personal assets that meet all account minimums.
Fee Estimator
Location
74 Batterson Park Rd, Suite 103, Farmington, CT, 06032
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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 an investment advisor at MJP Associates, Inc. (dba MJP Wealth Advisors) since 1995, dedicating about half his time to providing active management services to clients.
Employment History
Current Registrations
Mjp Wealth Advisors
Previous Registrations
Arete Wealth Management, LLCBroker
Royal Alliance Associates, INC.Broker
New England SecuritiesBroker
State Registrations1 state
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