Richard Augustine is a registered investment advisor at Osaic Wealth, INC., based in Schaumburg, IL, with 26 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Business Owners, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
650 E Algonquin Road, Suite 300, Schaumburg, IL, 60173
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Richard is the President of R J Augustine & Associates, Ltd. CPA's, where he provides review, oversight, and supervision for the firm's services, dedicating over half his time to this role. He also serves as Treasurer for the Founders Club Homeowners Association, spending a few hours per week on financial statement preparation and budgeting.
Employment History
Current Registrations
Osaic Wealth, INC.Broker
Osaic Wealth, INC.
Previous Registrations
Sagepoint Financial, INC.Broker
Sagepoint Financial, INC.
Lincoln Financial Advisors CorporationBroker
Lincoln Financial Advisors Corporation
Allied Beacon Wealth Management, LLC
Allied Beacon Partners, INC.Broker
American Beacon Partners, INC.Broker
Royal Alliance Associates, INC.
Royal Alliance Associates, INC.Broker
Nsa Securities CorporationBroker
Dreher & Associates, INC.Broker
State Registrations10 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.