Richard Allen
Richard Allen is a registered investment advisor at Osaic Wealth, INC., based in Birmingham, MI, with 21 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, Education Planning, Estate Planning, Investment Management, and 1 more. Their firm serves 574,829 clients with $200B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Osaic Wealth offers investment management through several platforms, including Advisor Managed Portfolios, Unified Managed Accounts, and Signator Managed Account Platform. Fees are negotiable and based on a percentage of the assets in your account. The fees cover advisory services, custodial services, and in some cases, transaction costs. Mutual funds and ETFs within these accounts have their own internal fees. Some programs have wrap accounts where all costs are bundled into one fee.
Location
500 S Old Woodward, Birmingham, MI, 48009
Get directionsHistory
Regulatory History (3)
Financial
August 2023Customer Dispute
November 2017Customer Dispute
July 2012Other Business Activities
Richard uses Richard J Allen Fin Adv LLC for income and banking purposes, conducting no business through it. He is also a financial planner at Investment Consulting Group, dedicating full-time hours to securities business through Osaic.
Employment History
Current Registrations
Osaic Wealth, INC.
Osaic Wealth, INC.Broker
Previous Registrations
Wells Fargo Advisors Financial Network, LLC
Wells Fargo Advisors Financial Network, LLCBroker
Leonard & CompanyBroker
State Registrations13 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.