Richard Oneal
Richard Oneal is a registered investment advisor at Osaic Wealth, INC., based in Grand Rapids, MI, with 30 years of industry experience. Richard is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Alternative Investments, Annuities, Education Planning, Estate Planning, and 5 more. Their firm serves 575,512 clients with $230B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers several investment management programs where fees are charged as an annual percentage of your portfolio, typically billed monthly or quarterly. Because individual financial professionals negotiate their own fee schedules and programs vary by platform, exact rates depend on the specific account type and manager selected.
- Advisor Managed Portfolios and Unified Managed Account Programs — Fees vary based on negotiations with your financial professional and the specific asset allocation models or third-party managers chosen.
- Plan Participant Retirement Program — Annual management fees charge up to 3.00% of your account assets, structured as a fixed percentage or a tiered fee schedule.
- Program Annuities — Annual advisory fees for managing outside annuities will not exceed 1.50% of program assets for new accounts.
Account minimums vary widely by program, ranging from $5,500 to $10,000 for certain automated or platform accounts, while other programs depend on the specific investment product or third-party manager.
Location
11253 Tallmadge Woods Dr Nw, Grand Rapids, MI, 49534
Get directionsHistory
Regulatory History (2)
Customer Dispute
December 2022Customer Dispute
August 2016Other Business ActivitiesSells Insurance
Richard is an agent with The Masters Financial Group of MI and owns a first mortgage on a house sold on land contract. He also owns O-11253 Tallmadge Woods Dr LLC, sells life insurance (taking about a quarter of his time), serves as treasurer for Bethesda Farm, and owns Masters Wealth Management.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Securities America Advisors, INC.
Securities America, INC.Broker
Sunset Financial Services, INC.Broker
Fifth Third Securities, INC.Broker
Old Kent Financial AdvisorsBroker
Hornor, Townsend & Kent, INC.Broker
Pruco Securities CorporationBroker
State Registrations11 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.
Exams
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