Richard Rake
Richard Rake is a CFP-designated registered investment advisor at Financial Resources Group, LLC, based in Glastonbury, CT, with 48 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. Their firm serves 404 clients with $89M 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 $100K | 1.50% |
| $100K - $1.0M | 1.00% |
| $1.0M - $2.0M | 0.88% |
| $2.0M - $5.0M | 0.75% |
| $5.0M - $10.0M | 0.50% |
| $10M+ | 0.50% |
Fees may be different from the schedule above with each client based on a variety of factors. Fees negotiable for accounts over $10,000,001.
Fee Estimator
Location
116 Oak Street, 2nd Floor, Glastonbury, CT, 06033
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 agent for Financial Resources, Inc. and owner of Insurvest Group, marketing various insurance products including life, accident, health, disability, and annuities; this takes about a quarter of his time. He also prepares taxes, offers life settlements, and is a notary public, dedicating minimal time to each of these activities.
Employment History
Current Registrations
Financial Resources Group, LLC
Previous Registrations
Lincoln Financial Securities Corporation
Independent Advisers Group CORP
Lincoln Financial Securities CorporationBroker
Broad Reach Capital, INC.Broker
Walnut Street Securities, INC.Broker
Cigna Securities, INC.Broker
John Hancock Mutual Life Insurance CompanyBroker
John Hancock Distributors, INC.Broker
State Registrations1 state
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.