Richard Hammond is a CFP-designated registered investment advisor at Mjp Wealth Advisors, based in Farmington, CT, with 32 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, Business Owners, Corporate Executives, Education Planning, and 6 more. 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 - $1.3M | 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 for accounts of $4.5 million and above are negotiable. Uses the previous tier rate for the highest bracket as a baseline.
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
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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