Richard Newman is a registered investment advisor at Lava Wealth Management, LLC, based in New York, NY, with 5 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Insurance Planning, Investment Management, Retirement Planning, and 1 more. Their firm serves 34 clients with $43M 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 $250K | 1.50% |
| $250K - $2.0M | 1.25% |
| $2M+ | 1.00% |
Lava Wealth Management may negotiate to charge a lesser fee based upon certain criteria.
Fee Estimator
Location
New York, NY
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Richard serves as a director on the board of directors for Overgrad.com and Zive Inc., two early-stage companies. He is also an investor in both companies and spends minimal time on work related to these positions.
Employment History
Current Registrations
Lava Wealth Management, LLC
Previous Registrations
Hart Capital LLC
State Registrations1 state
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