Ricky Biel
Ricky Biel is a registered investment advisor at Favor Wealth Advisors, LLC, based in Pasadena, CA, with 26 years of industry experience. Ricky operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Education Planning, Estate Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 143 clients with $75M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $500K | 1.75% |
| $500K - $1000K | 1.50% |
| $1.0M - $5.0M | 1.00% |
| $5M+ | 0.85% |
Favor Wealth Advisors also offers a Special/Income Portfolio Management service with different fees. If third-party managers are used, the combined maximum annual fee will not exceed 3%.
Fee Estimator
Location
155 S. El Molino Ave, #104, Pasadena, CA, 91101
Get directionsHistory
Regulatory History (2)
Regulatory
July 2018Customer Dispute
June 2014Other Business ActivitiesSells Insurance
Ricky is a California resident insurance producer and licensed insurance agent/broker. This activity is investment-related.
Employment History
Current Registrations
Favor Wealth Advisors, LLC
Previous Registrations
Arete Wealth Management, LLCBroker
Mutual Securities, INC.Broker
Haydel, Biel & Associates
Ameriprise Financial Services, INC.
Ameriprise Financial Services, INC.Broker
Ids Life Insurance CompanyBroker
State Registrations4 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.