Richard Banks is a CFA-designated registered investment advisor at Venturi Private Wealth, based in Austin, TX, 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 Business Owners, Charitable Giving, Estate Planning, Financial Planning & Coaching, and 5 more. Their firm serves 716 clients with $3.2B 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 $2.5M | 1.00% |
| $2.5M - $5.0M | 1.00% |
| $5.0M - $10.0M | 1.00% |
| $10.0M - $25.0M | 0.85% |
| $25.0M - $50.0M | 0.75% |
| $50.0M - $100.0M | 0.40% |
| $100.0M - $200.0M | 0.35% |
| $200.0M - $300.0M | 0.30% |
| $300M+ | 0.30% |
Participation in Venturi’s ProActive Strategy incurs an additional 0.08% annual fee on this portion of the portfolio to cover costs associated with Venturi’s research partner, Ned Davis Research. Smaller accounts may be accepted at the discretion of the firm and would be charged an annual fee rate of 1% until assets reach the portfolio levels shown above.
Fee Estimator
Location
3600 N. Capital of Texas Hwy., Building B, Suite 200, Austin, TX, 78746
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Current Registrations
Venturi Private Wealth
State Registrations1 state
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