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Richard Powell

Ameriprise Financial Services, LLC
55 Years of Experience
Bloomfield Hills, MI
1 DisclosureBroker
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Richard Powell is a registered investment advisor at Ameriprise Financial Services, LLC, based in Bloomfield Hills, MI, with 55 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 Business Owners, Charitable Giving, Corporate Executives, Education Planning, and 6 more. Their firm serves 1,386,329 clients with $660B in assets under management.

Ameriprise Financial Services, LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
12955 advisors
Number of Clients
1,386,329 clients
Average Client Portfolio
$476K average
Assets Under Management
$660.5B

Fee Structure

Minimum Investment:$2K
Planning is included in investment management (also available separately)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.00%

The maximum total annual advisory fee is 2.0% of managed account assets. Fees are negotiable with your financial advisor and vary based on the specific program and services selected.

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

Location

39533 Woodward Ave Ste 150, Bloomfield Hills, MI, 48304

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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 2022
Denied
View Full SEC ReportHow to Read Disclosures
Other Business Activities

Richard serves as a board member for Powell since 2019. This activity is not investment-related and requires minimal time.

Employment History
Current Registrations
Ameriprise Financial Services, LLC
April 2019 - Present · 7 yrs 6 mos
Ameriprise Financial Services, LLC
April 2019 - Present · 7 yrs 6 mos
Ameriprise Financial Services, LLCBroker
April 2019 - Present · 7 yrs 6 mos
Previous Registrations
Wells Fargo Clearing Services, LLC
February 2013 - May 2019 · 6 yrs 3 mos
Wells Fargo Clearing Services, LLCBroker
February 2013 - May 2019 · 6 yrs 3 mos
Morgan Stanley
June 2009 - March 2013 · 3 yrs 9 mos
Morgan StanleyBroker
June 2009 - March 2013 · 3 yrs 9 mos
Citigroup Global Markets INC.
March 1997 - June 2009 · 12 yrs 3 mos
Citigroup Global Markets INC.Broker
July 1993 - June 2009 · 15 yrs 11 mos
Lehman Brothers INC.Broker
February 1988 - July 1993 · 5 yrs 5 mos
E. F. Hutton & Company INCBroker
February 1976 - February 1988 · 12 yrs
Merrill Lynch, Pierce, Fenner & Smith, INC.Broker
April 1971 - April 1976 · 5 yrs
Goodbody & CO. IncorporatedBroker
December 1970 - August 1972 · 1 yr 8 mos
State Registrations25 states
AZCACOFLGAILINKYMAMDMEMIMNMOMSNCNYORSCTNTXVAWAWIWV
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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