PlanVest Financial is an independent Registered Investment Advisory (RIA) firm, working under the fiduciary standard; meaning we always put our client's best interest before our own. For safe-keeping, we work with Charles Schwab & Co., Inc. to custody client assets. Our team of knowledgeable financial professionals are committed to providing you with informed wealth advice and exceptional service, to help you and your family find Financial Freedom.
We welcome you to learn more about our team's wide-range of experiences and professional designations. Experience, knowledge and following the Fiduciary Standard distinguishes the financial advisors at PlanVest Financial.
|Firm Start Year:||2015|
|Name of Custodial Firm:||Charles Schwab|
|States Licensed in:||MD|
|Work Experience:||Richard has been in the Financial Advising industry for over 16 years. Richard previously spent many years practicing law and as an executive in the energy sector. Richard earned the prestigious CERTIFIED FINANCIAL PLANNER" certification in 2008; and he also holds the certifications of Chartered Federal Employee Benefits Consultant (ChFEBCSM), Chartered Retirement Planning Counselor (CRPC®), and Chartered Retirement Plans Specialist (CRPS®). He is a graduate of West Virginia University where he received his undergraduate degree in engineering and earned his law degree. Zach was an intern PlanVest Financial during his senior year of college, and was hired full-time upon graduating. Zach helped build PlanVest from the ground up and has worked with hundreds of families in the greater Washington, DC area on financial planning and investment management. In 2019 Zach earned his CFP® designation. We work with clients of all ages and backgrounds, although we have specialty knowledge in the complex Federal Government Employee space.|
|I work with the following types of clients:||Individual Investors, Businesses|
|Foreign Languages Serviced:||French|
|Advisory Services Provided:||Tax Advice and Services, Financial Planning for Individuals, Education Funding and Planning, Risk Management, Retirement Planning, Portfolio Management, Estate Planning & Trusts, Financial Advice & Consulting, Annuities, Insurance Planning, 401K Rollovers|
|Investment Types:||Mutual Funds, Bonds, Alternative Investments, Exchange Traded Funds (ETFs), Stocks, Annuities, Insurance, Socially Responsible Investments (SRI)|
|I can meet clients in the following ways:||At my office, At your home, Video Conference, Via Phone, At your office|
Qualifications & Memberships
|Insurance and Annuity Licenses:||Annuity, Health, Life, Variable Annuity, Variable Life|
|Firm's Number of Clients:||250|
|Firm's Number of Planning Clients:||100|
|Firm's Number of Managed Clients:||250|
|Assets Managed by Firm:||$70,500,000|
|Advisor's Number of Clients:||125|
|Advisor's Number of Managed Clients:||125|
|Advisor's Number of Planning Clients:||50|
|Assets Managed by Advisor:||37,000,000|
|Registered Investment Advisor:||Yes|
|Investment Advisor Representative:||Yes|
|I am an acknowledged fiduciary:||Yes|
|Compliance Disclosures in Last 5 years:||I have a clean record|
|Criminal Disclosures in Last 5 years:||I have a clean record|
Compensation and Fees
|Minimum Portfolio Size for New Managed Accounts:||$50,000|
|Compensation Methods:||Based on Assets, Hourly, Flat Fee|
|Fee % Based on Assets:||0.5-1.5%|
|Additional Details on Charges:||Asset Management is billed on a weighted, tiered basis based on the size of the household relationship. If a client or couple have multiple accounts with us, and the total amount reaches certain thresholds, the weighted average fee drops. Advisory fees are billed from client investment accounts directly monthly in arrears. Certain asset classes, such as cash, CDs, and money market funds, are not billed or are billed at greatly reduced rates. We aim to bill clients in the most fiduciary and fair method as possible.|
|Minimum Fee Charged for Managed Accounts:||$0|
|Minimum Fee Charged for Hourly Planning Accounts:||$200|
Investment Advice offered through PlanVest Financial Inc., a Registered Investment Advisor firm.
We are CERTIFIED FINANCIAL PLANNER® professionals who work closely with clients on their retirement planning and asset management needs. We most enjoy helping clients envision how their savings and benefits work together to create their own personal roadmap to a rewarding retirement. Richard and his wife, Jenine, reside on a small farm in Laytonsville, MD, just outside of our nation's capital, and have three children. He enjoys fishing in the pond on their farm; playing golf; and following the WVU Mountaineers. Richard has served on numerous boards during his career, including: charitable, church, and industry groups. Zach resides in Summit Point, WV and in his spare time enjoys gardening, gaming, renovating his new home, and is an avid car enthusiast.
Financial Planning for Individuals
We offer Financial Planning on a fixed-fee basis. Costs range from $1,000-$2,500 depending on complexity. Financial Planning is offered at no additional charge or a reduced charge for asset management clients.
Financial Advice & Consulting
We offer Financial Advice and Consulting at an hourly rate of $200 per hour. Financial advice and consulting is offered at no additional charge or a reduced charge for asset management clients.
Clients who work with us on my fiduciary portfolio management benefit from round-the-clock service, bi-annual reviews, and no-charge trading and rebalancing. Our portfolios are actively managed and rebalanced quarterly in accordance with changes in the global economy.
|Mon.||9:00 AM - 5:00 PM|
|Tue.||9:00 AM - 5:00 PM|
|Wed.||9:00 AM - 5:00 PM|
|Thu.||9:00 AM - 5:00 PM|
|Fri.||9:00 AM - 5:00 PM|
|Greater Washington||DC area Gaithersburg|
|MD Rockville||MD Germantown|
|MD Bethesda||MD Frederick|
|MD Martinsburg||WV Charles Town|
|WV Winchester||VA Leesburg|