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David Richards
17 Years of Experience
8 DisclosuresBroker
David Richards is a registered investment advisor at John Hancock Personal Financial Services, LLC, based in Boston, MA, with 17 years of industry experience. David operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management, Retirement Planning. Their firm serves 32,545 clients with $2B in assets under management.
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
61 advisors
Number of Clients
32,545 clients
Average Client Portfolio
$61K average
Assets Under Management
$2.0B
Fee Structure
Minimum Investment:None
Investment management only (planning not offered)
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $50K | 0.50% |
| $50K - $100K | 0.40% |
| $100K - $250K | 0.30% |
| $250K+ | 0.20% |
For certain plans, the advisory fee shall be waived for the first ninety (90) days following enrollment in the Service.
Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
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Location
200 Berkeley Street, Boston, MA, 02116
Get directionsHistory
Regulatory History (8)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Financial
March 2022Final
Financial
January 2022Final
Financial
October 2021Final
Financial
March 2021Final
Financial
January 2021Final
Financial
October 2020Final
Financial
December 2019Final
Financial
October 2019Final
Employment History
Current Registrations
John Hancock Personal Financial Services, LLC
May 2021 - Present · 4 yrs 11 mos
John Hancock Distributors LLC
April 2021 - Present · 5 yrs
John Hancock Distributors LLCBroker
April 2021 - Present · 5 yrs
Previous Registrations
Charles Schwab & CO., INC.
May 2017 - December 2019 · 2 yrs 7 mos
Charles Schwab & CO., INC.Broker
February 2017 - December 2019 · 2 yrs 10 mos
Fidelity Brokerage Services LLCBroker
January 2008 - January 2017 · 9 yrs
Fidelity Investments Institutional Services Company, INC.Broker
October 2006 - January 2008 · 1 yr 3 mos
State Registrations15 states
AZCACOILKSLAMAMOMSNCOHORTXUTWA
AdvisorBrokerBoth
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.
Exams
No exam information available for this advisor.