Firm Information
Compensation
Number of Advisors
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Investment advisory fees are based on a percentage of assets under management. For non-discretionary accounts, fees range from 2.00% on the first $99,999 to 0.80% on amounts over $5,000,000. Discretionary portfolio management fees range from 0.15% on the first $249,999 to 0.10% on amounts over $2,000,000. Financial planning fees are charged hourly ($150-$500/hour), annually (fixed fee $500-$100,000), or as a one-time payment ($500-$100,000). Fees are negotiable based on account size and other factors. The account minimum is $25,000, but may be waived.
Areas of Practice
Advisor Information
Office location
600 Highway 169 South, Suite 1410, St. Louis Park, MN, 55426
Get directionsRegulatory History (1)
Employment Separation After Allegations
June 2012Other Business ActivitiesSells Insurance
Richard is the president and sole stockholder of Advisors Income Solutions, Inc., and sells fixed insurance and annuities through FMO's, dedicating about a quarter of his time. He is also a general partner of Delrick Enterprises Partnership and an investment advisor representative of Oakwood Capital, Inc., and an election judge for the City of Golden Valley.