Richard Falter is a registered investment advisor at Mid-American Wealth Advisory Group, based in Kansas City, MO, with 7 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, Investment Management, Retirement Planning, Tax Planning. Their firm serves 958 clients with $340M 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 $250K | 1.25% |
| $250K - $500K | 1.10% |
| $500K - $1000K | 1.00% |
| $1.0M - $2.0M | 0.95% |
| $2.0M - $3.0M | 0.90% |
| $3.0M - $5.0M | 0.80% |
| $5M+ | 0.70% |
Fees are paid monthly in advance and will generally not exceed 1.25% unless the scope, complexity, amount of time or expertise required warrant a higher fee.
Fee Estimator
Location
7505 NW Tiffany Springs Parkway, 4th Floor, Kansas City, MO, 64153
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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 Activities
Richard works as a client customer service representative for Mid American Wealth Advisory Group, a tax advisory firm, dedicating nearly full-time hours to this role. He is also associated with Mid-American Wealth Advisory Services LLC, an independent investment advisory firm.
Employment History
Current Registrations
Mid-American Wealth Advisory Group
Previous Registrations
Sound Income Strategies, LLC
State Registrations2 states
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