Richard Tonge
Richard Tonge is a registered investment advisor at Tonge Investments, based in Belgrade, ME, with 46 years of industry experience. Richard 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 119 clients with $46M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Tonge Investment Services' fees are negotiable and vary among clients. For accounts established before November 30, 2017, the fees are:
- 1% of assets up to $500,000
- 0.7% on assets between $500,000 and $1 million
- 0.5% on assets over $1 million
There is no fee on single accounts with values below $15,000.
For accounts established on or after November 30, 2017, the fees are:
- 2% for Trust accounts using Firm as Trustee
- 1% of the value of the assets up to $3 million
- 0.5% on the additional assets over $3 million
- 1.5% on assets using options or leveraged ETFs
Location
Belgrade, ME
Get directionsHistory
Regulatory History (2)
Regulatory
July 2013Customer Dispute
October 1996Other Business ActivitiesSells Insurance
Richard holds an insurance license to sell and manage annuities.
Employment History
Current Registrations
Tonge Investments
Previous Registrations
Robert Thomas Securities, INCBroker
R. M. Tonge CompanyBroker
Smith & COBroker
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.