Richard Chaffee
Richard Chaffee is a ChFC-designated registered investment advisor at M Holdings Securities, INC., based in Minnetonka, MN, with 52 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Financial Planning & Coaching, Retirement Planning. Their firm serves 3,621 clients with $4.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
M Holdings Securities offers various investment management programs with different fee structures. Some programs have wrap fees that cover advisory, brokerage, and custodial services in one fee. Other programs charge advisory fees separately from brokerage and other costs. Fees are negotiable with your financial professional and vary depending on the program chosen and the amount of assets managed. The maximum fee for WealthPursuit Wrap Fee Programs is limited to 3%. MPP Wrap Program fees will not exceed 1.36% for accounts with at least $150,000 in assets. WealthPursuit Prime fees are limited to a maximum rate of 3%.
Location
11100 Wayzata Blvd Ste 220, Minnetonka, MN, 55305
Get directionsHistory
Regulatory History (2)
Regulatory
January 2020Customer Dispute
March 2007Other Business Activities
Richard is the CEO of Chaffee & Associates, LLC, focusing on sales, marketing, and management, which takes nearly full-time hours. He also serves as a trustee for two family trusts and the Chaffee & Associates 401k and Profit Sharing Plan, dedicating minimal time to each.
Employment History
Current Registrations
M Holdings Securities, INC.
M Holdings Securities, INC.Broker
Previous Registrations
M Holdings Securities, INC.
Northwestern Mutual Investment Services, LLCBroker
M Holdings Securities, INC.Broker
W. S. Griffith & CO., INC.Broker
Phoenix Equity Planning CorporationBroker
Mony Sales, INC.Broker
The Mutual Life Insurance Company of New YorkBroker
Penn Mutual Equity Services, INC.Broker
State Registrations9 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.