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Richard Faraone

LPL Financial LLC
29 Years of Experience
Lutherville, MD
6 DisclosuresBrokerSells Insurance
View SEC Summary
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Richard Faraone is a registered investment advisor at LPL Financial LLC, based in Lutherville, MD, with 29 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 Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
View Full SEC Brochure

Location

1447 York Road Suite 801, Lutherville, MD, 21093

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History

Regulatory History (6)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Customer Dispute
June 2026
Denied
Customer Dispute
May 2014
Settled
Customer Dispute
April 2009
Denied
Customer Dispute
March 2009
Denied
Customer Dispute
February 2003
Settled
Customer Dispute
August 2002
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Richard operates his LPL business under the DBA Academy Financial. He also sells non-variable insurance through Academy Financial, spending minimal time on it, and is associated with AFI Associates LLC for tax/investment purposes.

Employment History
Current Registrations
LPL Financial LLC
August 2024 - Present · 2 yrs 2 mos
LPL Financial LLCBroker
August 2024 - Present · 2 yrs 2 mos
Previous Registrations
Osaic Fa, INC.
September 2002 - August 2024 · 21 yrs 11 mos
Osaic Fa, INC.Broker
September 2002 - August 2024 · 21 yrs 11 mos
The Lincoln National Life Insurance CompanyBroker
September 2002 - May 2006 · 3 yrs 8 mos
American Express Financial Advisors, INC.
March 1997 - July 2002 · 5 yrs 4 mos
American Express Financial Advisors INC.Broker
February 1997 - July 2002 · 5 yrs 5 mos
Ids Life Insurance CompanyBroker
February 1997 - July 2002 · 5 yrs 5 mos
State Registrations27 states
ALAZCACOCTDCDEFLGAIDINLAMDMTNCNHNJNYOHPARISCTNTXVAWVWY
AdvisorBrokerBoth

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
No exam information available for this advisor.
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