Richard Tolway is a CFP-designated registered investment advisor at Lumiere Financial, based in New York, NY, with 3 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, Financial Planning & Coaching, Retirement Planning, Tax Planning. Their firm serves 137 clients with $60M 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 $1.0M | 1.30% |
| $1.0M - $3.0M | 1.00% |
| $3.0M - $5.0M | 0.90% |
| $5.0M - $10.0M | 0.80% |
| $10M+ | 0.75% |
Fees for individual clients invested in 403(b) plans are charged an annual asset-based fee of 1.45% to 1.65% and are billed quarterly in arrears, pursuant to the terms of the agreement.
Fee Estimator
Location
675 Third Avenue, Suite 920, New York, NY, 10017
Get directionsHistory
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 an independent licensed insurance agent selling life, accident, and health insurance since October 2021. He is also self-employed as a contractor and handyman in the NYC metro area since February 2016, dedicating about 10-20% of his time to this.
Employment History
Current Registrations
Lumiere Financial
State Registrations2 states
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