Richard Esposito
Richard Esposito is a registered investment advisor at Spc, based in East Haven, CT, with 9 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, Investment Management, Retirement Planning. Their firm serves 30,881 clients with $5.7B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
SPC offers investment management through the SIGMA Managed Account program. Clients pay an annual account management fee based on a percentage of their account assets. The fee includes a program fee and the IAR's compensation. For example, if your account AUM is $1,500,000, the first $500,000 is billed at 2.50%, the next $250,000 at 1.75%, the next $250,000 at 1.50%, and the remaining $500,000 at 1.25%. The maximum annual advisory fee is 2.5%. The program fee is 0.15% on all assets. There is a $30 minimum annual program fee.
SPC also offers direct-at-fund programs where clients pay an annual asset-based investment management fee of 0.5%.
Location
East Haven, CT
Get directionsHistory
Regulatory History (1)
Employment Separation After Allegations
August 2012Other Business ActivitiesSells Insurance
Richard is involved in insurance brokering with outside carriers, focusing on non-registered products. This activity takes about 10-20% of his time, with the same amount of time spent during securities trading hours.
Employment History
Current Registrations
Spc
Parkland Securities, LLCBroker
Previous Registrations
Eagle Strategies LLC
Nylife Securities LLCBroker
Allstate Financial Advisors, LLC
Allstate Financial Services, LLCBroker
Park Avenue Securities LLC
Park Avenue Securities LLCBroker
David Lerner Associates, INC.Broker
Merrill Lynch, Pierce, Fenner & Smith Incorporated
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
State Registrations2 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.