Richard Fennema
Richard Fennema is a CFP-designated registered investment advisor at Prospera Financial Services, INC., based in Dallas, TX, with 31 years of industry experience. Their practice areas include Estate Planning, Retirement Planning. Their firm serves 19,103 clients with $12B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Prospera Financial Services offers investment management through various programs. The fees are based on a percentage of your portfolio's value and are negotiable, but the maximum annual fee is 2.15%. The specific fee and services are agreed upon in an advisory agreement. Fees are typically deducted from your account. Some programs may have additional fees, such as transaction costs or sub-account fees. Prospera also participates in revenue sharing with custodians and other third parties, which creates a conflict of interest.
Location
5429 Lbj Freeway, Suite 750, Dallas, TX, 75240
Get directionsHistory
Regulatory History (2)
Employment Separation After Allegations
November 2014Criminal
November 1971Other Business Activities
Richard is a 33% owner of AR & K Inc and holds power of attorney for his mother. He is also involved with a homeowners' association, sub-leases office space, is a passive investor in RFNative Investment, LLC, a member of the Financial Planning Association, part owner of RF Native LLC, and rents out his car through Turo.
Employment History
Current Registrations
Prospera Financial Services, INC.Broker
Prospera Financial Services, INC.
Previous Registrations
Wells Fargo Advisors Financial Network, LLCBroker
Wells Fargo Advisors Financial Network, LLC
Morgan Stanley
Morgan StanleyBroker
Morgan Stanley & CO. Incorporated
Morgan Stanley & CO. IncorporatedBroker
UBS Financial Services INC.Broker
UBS Financial Services INC.
J.C. Bradford & CO.Broker
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations23 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.