Richard Rainforth
Richard Rainforth is a ChFC-designated registered investment advisor at Commonwealth Financial Network, based in West Des Moines, IA, with 26 years of industry experience. Their practice areas include Alternative Investments, Annuities, Business Owners, Charitable Giving, and 10 more. Their firm serves 360,488 clients with $210B 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 $750K | 2.25% |
| $750K - $1.0M | 2.00% |
| $1.0M - $2.0M | 1.75% |
| $2M+ | 1.50% |
Fees are negotiable. Schedule represents maximum allowable annual management fees for PPS Custom programs. Other programs like PPS Select and PPS Direct have separate advisor and program fee schedules.
Fee Estimator
Location
875 S 50th St, West Des Moines, IA, 50265
Get directionsHistory
Regulatory History (1)
Financial
August 2022Other Business ActivitiesSells Insurance
Richard subleases office space, sells fixed insurance, and co-owns R2 Financial Strategies, LLC. He also owns Rainforth Financial, LLC and co-owns R2 Holdings, LLC, a commercial real estate entity; each of these activities takes minimal time.
Employment History
Current Registrations
Commonwealth Financial Network
Previous Registrations
Commonwealth Financial NetworkBroker
Eagle Strategies LLC
Nylife Securities LLCBroker
State Registrations2 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.
Exams
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