Richard Rainforth
Richard Rainforth is a ChFC-designated registered investment advisor at Commonwealth Financial Network, based in West Des Moines, IA, with 25 years of industry experience. Their practice areas include Financial Planning & Coaching, Investment Management, Retirement Planning. Their firm serves 399,450 clients with $210B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Commonwealth Financial Network offers investment management through various programs like PPS Custom, PPS Select, and PPS Direct. Fees are generally calculated as a percentage of your portfolio, including cash and money market positions. The exact fees vary depending on the specific program and the agreement between you and your advisor.
Commonwealth generally offers two types of fee schedules: blended and breakpoint. With a blended schedule, different portions of your portfolio are charged at different rates. With a breakpoint schedule, the fee rate declines as your portfolio value reaches certain levels. All fees are negotiable between the advisor and client.
Location
875 S 50th St, West Des Moines, IA, 50265
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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 Registrations1 state
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.