Richard Gustafson
Richard Gustafson is a registered investment advisor at Simplicity Wealth, based in Summit, NJ, with 16 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, High Net Worth, Investment Management, Retirement Planning. Their firm serves 5,619 clients with $3.6B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Simplicity Wealth's fees are based on a percentage of your assets under management, ranging from 0.10% to 2.00%. The specific fee depends on the services selected by your advisor. The fees cover investment management, research, monitoring, and other operational services. Additional fees may include model manager fees, custodial fees, and transaction fees. Simplicity Wealth also offers proprietary model portfolios.
Location
475 Springfield Ave., Suite #1, Summit, NJ, 07901
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business ActivitiesSells Insurance
Richard is involved in several outside business activities, including speaking at educational seminars, marketing insurance products (taking nearly full-time hours), fixed product sales, networking with divorce professionals, managing assets as a financial advisor, and selling securities. He also markets insurance products including Long Term Care, Life Insurance, Disability Income, Medicare planning & Fixed Annuities.
Employment History
Current Registrations
Simplicity Wealth
The Leaders Group, INC.Broker
The Leaders Group, INC.
Previous Registrations
Prosperity Capital Advisors
M Holdings Securities, INC.
M Holdings Securities, INC.Broker
Ameritas Investment CORP
Ameritas Investment CORP.Broker
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.