Richard Marooney
Richard Marooney is a registered investment advisor at LPL Enterprise, LLC, based in Wakefield, MA, with 28 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 86,726 clients with $19B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
LPLE provides access to investment management through third-party asset management programs (TAMPs) and LPL's Model Wealth Portfolios (MWP). For TAMPs, the fees are negotiated with the LPLE representative, typically up to 2% of the assets managed, but may be higher in certain circumstances. The TAMP sponsor also charges a fee. For MWP, clients are charged an annual account fee that includes an advisory fee (maximum 2.35% and is negotiable) and a manager fee (0% to 0.60%).
Location
500 Edgewater Drive, Suite 595, Wakefield, MA, 01880
Get directionsHistory
Regulatory History (1)
Customer Dispute
August 2010Other Business Activities
Richard is a Principal overseeing operations at a firm in Wakefield, MA, but does not conduct any property and casualty business. He also chairs the Golf Committee at The Ridge Club, a volunteer role providing feedback to management in Sandwich, MA.
Employment History
Current Registrations
LPL Enterprise, LLCBroker
LPL Enterprise, LLC
LPL Enterprise, LLC
Previous Registrations
Prudential Financial Planning Services
Pruco Securities, LLC.Broker
MML Investors Services, LLC
MML Investors Services, LLCBroker
Msi Financial Services, INC.
Msi Financial Services, INC.Broker
New England Securities Corporation
New England SecuritiesBroker
State Registrations19 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.