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Richard Hyams

Esi Financial Advisors
25 Years of Experience
Hauppauge, NY
1 DisclosureBrokerSells Insurance
View SEC Summary
View SEC Summary

Richard Hyams is a registered investment advisor at Esi Financial Advisors, based in Hauppauge, NY, with 25 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 Annuities, Charitable Giving, Education Planning, Estate Planning, and 6 more. Their firm serves 12,379 clients with $2.8B in assets under management.

Esi Financial Advisors
Compensation
Commission-BasedFee-Only (% of Portfolio)Fixed/Hourly
Firm Size
536 advisors
Number of Clients
12,379 clients
Average Client Portfolio
$224K average
Assets Under Management
$2.8B

Fee Structure

Minimum Investment:$10K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Tiered)
Portfolio ValueAnnual Fee
Up to $1.0M1.00%
$1.0M - $2.5M0.75%
$2.5M - $5.0M0.60%
$5.0M - $10.0M0.50%
$10M+0.35%

Rates reflect the primary schedule used in programs like American Funds and Schwab Retirement Advisor Services. Other programs have different maximum fees (AssetMark up to 1.50%, Saratoga up to 2.00%, SEI up to 1.75% plus 0.05% administrative fee). Actual fees are negotiable.

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

Location

410 Motor Parkway, 2nd Floor, Hauppauge, NY, 11788

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History

Regulatory History (1)
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
May 2018
Settled
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

Richard is a member of East End Tax & Accounting, LLC, preparing taxes as an IRS Enrolled Agent. He also manages residential rental properties through Horizon Realty Management LLC and sells fixed insurance products, including life, health, disability, and long-term care insurance, through United Financial Alliance.

Employment History
Current Registrations
Esi Financial Advisors
June 2016 - Present · 10 yrs 4 mos
Equity Services, INC.Broker
June 2016 - Present · 10 yrs 4 mos
Previous Registrations
Metlife Securities INC.
December 2015 - June 2016 · 6 mos
Metlife Securities INC.Broker
November 2015 - June 2016 · 7 mos
National Asset Management, INC.
May 2014 - November 2015 · 1 yr 6 mos
National Securities CorporationBroker
November 2013 - November 2015 · 2 yrs
Asset & Financial Planning, LTD
September 2002 - May 2014 · 11 yrs 8 mos
Prime Capital Services, INC.Broker
September 2002 - November 2013 · 11 yrs 2 mos
Raymond James Financial Services, INC.Broker
December 2000 - September 2002 · 1 yr 9 mos
State Registrations10 states
CTFLGAKYMINCNJNVNYSC
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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