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RD
ChFC
RD
ChFC

Richard Donado

Esi Financial Advisors
26 Years of Experience
New York, NY
BrokerSells Insurance
View SEC Summary
View SEC Summary

Richard Donado is a ChFC-designated registered investment advisor at Esi Financial Advisors, based in New York, NY, with 26 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

675 Third Avenue, Suite 900, New York, NY, 10017

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History

Regulatory History
Clean regulatory record

No disclosures, customer disputes, or regulatory actions on file.

Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.

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Other Business ActivitiesSells Insurance

Richard is a general agent for National Life Group and CEO & general agent for Wealthbridge Financial Group, both involving insurance sales. He is also a co-owner of InsureTech Brokerage LLC, providing strategy support.

Employment History
Current Registrations
Esi Financial Advisors
June 2021 - Present · 5 yrs 4 mos
Equity Services, INC.Broker
June 2021 - Present · 5 yrs 4 mos
Previous Registrations
MML Investors Services, LLC
January 2016 - June 2021 · 5 yrs 5 mos
MML Investors Services, LLCBroker
September 2015 - June 2021 · 5 yrs 9 mos
Hornor, Townsend & Kent, INC.
January 2015 - July 2015 · 6 mos
Hornor, Townsend & Kent, INC.Broker
November 2014 - July 2015 · 8 mos
Prudential Financial Planning Services
April 2008 - September 2014 · 6 yrs 5 mos
Pruco Securities, LLC.Broker
April 2008 - September 2014 · 6 yrs 5 mos
Metlife Securities INC.
January 2006 - March 2008 · 2 yrs 2 mos
Metlife Securities INC.Broker
November 2005 - March 2008 · 2 yrs 4 mos
Metropolitan Life Insurance CompanyBroker
November 2005 - July 2007 · 1 yr 8 mos
Ifmg Securities, INC.
April 2005 - November 2005 · 7 mos
Ifmg Securities, INC.Broker
April 2005 - November 2005 · 7 mos
A. G. Edwards & Sons, INC.
January 2005 - April 2005 · 3 mos
A. G. Edwards & Sons, INC.Broker
January 2005 - April 2005 · 3 mos
Ifmg Securities, INC.
June 2003 - January 2005 · 1 yr 7 mos
Ifmg Securities, INC.Broker
December 2000 - January 2005 · 4 yrs 1 mo
Bluestone Capital Partners, L.P.Broker
March 1999 - October 2000 · 1 yr 7 mos
State Registrations21 states
ARCACTFLGAKSLAMAMDMIMOMTNCNJNYPATNTXUTVAWA
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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