Richard Depalma
Richard Depalma is a registered investment advisor at Centaurus Financial, INC., based in Erie, PA, with 23 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, Estate Planning, Financial Planning & Coaching, High Net Worth, and 2 more. Their firm serves 38,049 clients with $7.3B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Centaurus Financial's advisors manage client accounts through various programs, charging an annual fee based on the amount invested. Fees are negotiable and can be a flat percentage or tiered, where the rate decreases as the portfolio value increases. Additional charges may include transaction fees, custodial fees, and internal fund fees.
Maximum advisory fees:
- Alpha, Beta, ABJ, Omega, Delta: 2.25%
- AA & VL: 1.50%
- Adviser-Directed: 1.35%
- FlexUMA: 2.25%
Third-Party Money Managers (TPMMs) charge fees ranging from 1.00% to 3.00%.
Location
Erie, PA
Get directionsHistory
Regulatory History (4)
Customer Dispute
July 2025Customer Dispute
December 2024Customer Dispute
February 2024Customer Dispute
April 2023Other Business ActivitiesSells Insurance
Richard is the CEO of Depalma Investment Group Corporation, where he focuses on tax planning and preparation. He also sells fixed annuities and life insurance, dedicating a few hours per week to this activity.
Employment History
Current Registrations
Centaurus Financial, INC.
Centaurus Financial, INC.Broker
Previous Registrations
Transamerica Financial Advisors, INC.Broker
American General Securities IncorporatedBroker
American General Securities IncorporatedBroker
State Registrations8 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.