wiseradvisor


Rich Testa, CFP®, RIA
Testa Associates

Tel: 508-655-2410
181 Worcester Street
Natick, MA 01760
Testa Associates | Financial Advisor in Natick ,MA

Financial Advice for the Discerning Investor


About Rich Testa

I believe that meticulous planning, attention to detail and the importance of a solid foundation are the keys to success in building a business as well as building a successful investment portfolio.

Beginning with a get-to-know-you meeting in which we will have a relaxed conversation as we get to know you and you, in turn, get to know us. We will ask you to prioritize your financial goals. We'll then set up a second meeting to suggest options and strategies that can help you meet those goals. At the end of this process, you can decide whether you want to work with us. There is no charge for these initial meetings.

Should you decide we are a good fit, we will develop a plan we think will work for you and your financial needs, and we will meet again to refine it and fine-tune it for you. We will never fit you into a preformatted template. And we will never suggest or charge you for services you don't need.

Our relationship does not end with the development of your financial plan. We will meet with you regularly to make sure the plan continues to meet your financial needs, both before and after you retire.


About Testa Associates

At Testa Associates, we take our job of helping you plan for a secure financial future very seriously. That's why our approach is different than many other financial planning firms.

The plan we develop with your input typically will include some of the following investment vehicles:

Mutual Funds, Stocks, Bonds, Insurance and Annuity Products, IRAs (Roths, Traditional, Rollovers), Keough Plans, 529's. We work with small businesses to help them set up company retirement plans. The plan we develop for your business can include but are not limited to the following products:

Rule 144/145 Sales, 401(k) Plans and SEP IRAs. Licensed to offer a variety of insurance, annuity, and 529 plans

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General Information

Firm Start Year:   2010
No. of Employees:   2-4
Insurance License#:   1730990
Name of Broker/Dealer:   Cambridge Investment Research
States Licensed in:   CA, CT, FL, MA, PA, SD
Number of Years with Current Firm:   12
Work Experience:   Testa Associates is headed by Richard J. Testa Jr., a Certified Financial Planner® with more than 20 years of experience. Rich has earned a Masters of Business Administration from Babson University, where he graduated Magna Cum Laude. Richard completed his undergraduate work at Worcester Polytechnic Institute.


A lifelong resident of Wayland, Rich enjoys being active and spending time outdoors, especially skiing. Rich has also completed the Boston Marathon and is a regular at Orangetheory. He and his wife have three children, are proud grandparents and love cheering on their favorite sports teams.


Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, and Member FINRA/SIPC.
Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Testa Associates LLC, and Cambridge are not affiliated.
Work with the following types of clients:   Businesses, Individual Investors
Foreign Languages Serviced:   English
Advisory Services Provided:   Financial Advice & Consulting, Investment Advice & Management, Insurance Products & Annuities, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses

Services

Investment Types:   Mutual Funds, Insurance, Exchange Traded Funds (ETFs), Annuities, Stocks, Bonds
Can meet clients in the following ways:   Email, Video Conference, Your Home, Our Office, Phone, Your Office

Qualifications & Memberships

Insurance and Annuity Licenses:   Variable Life, Variable Annuity, Life, Health, Accident

Firm Information

Firm's Number of Clients:   50
Firm's Number of Planning Clients:   50
Firm's Number of Managed Clients:   50
Assets Managed by Firm:   $20,000,000
Advisor's Number of Clients:   50
Advisor's Number of Managed Clients:   50
Advisor's Number of Planning Clients:   50
Assets Managed by Advisor:   $17000000

Compensation and Fees

Fee Structure:   Fee-Based
Compensation Methods:   Based on Assets
Fee % Based on Assets:   1.0
Additional Details on Charges:   Our fee structure for investments is based upon the value of your assets under our management . We also have a separate fee schedule for setting up 401k plans for small business'. We do not charge for financial planning. It is part of our service.
Minimum Fee Charged for Managed Accounts:   $0
Minimum Fee Charged for Hourly Planning Accounts:   $0

Education

MBA  - Finance   Babson College  - Wellesley, MA
9/1/1995-6/1/1997

Financial Services

Portfolio Management

Provide quarterly, semi-annual and annual reviews of your portfolio and offer suggestions for investment changes. We want to be sure that you are comfortable with the level of risk and only do what you want to do. We are non-discretionary so any changes in investments need to be approved by you.

Retirement Planning

Provide summary report of full investments and how the investments can grow to meet your retirement needs. We discuss various factors that may need to be addressed as you age.

401K Rollovers

We provide the paperwork to manage the rollovers and incorporate their investments into a review of your portfolio to ensure that you are comfortable with the mix of investments.


FAQs

Do you have a customer satisfaction or refund policy?

With our 3-step process, we can both see if my firm is the right fit for you. We feel that our follow-through and attention to detail make our clients happy.

Why should I choose you as my financial advisor?

I have been a financial advisor for over 20 years and understand that being honest and upfront with a client is most important. I like that my clients are informed and comfortable with their retirement planning and I help them increase their knowledge. I am always available to answer questions from my clients and love when they comprehend the ins and outs of a certain problem.

What are your qualifications? What is your education background?

I have a MBA from Babson University (Magna Cum Laude). I am a Certified Financial Planner®, and have passed the State Securities Series 65 and 66 Law Exams. Additionally, I have passed the Securities Industry Essentials Exam and the General Securities Series 7 Exam. I am licensed in CA, CT, FL, MA, PA, and SD.

How are you compensated? How will I pay for your services?

We are an advisory - fee based, Monthly fees are based upon the value of your assets, and the fees are deducted monthly out of your account.

If you are going to manage my account, will you obtain my permission every time you buy or sell something?

My office prides itself on is non-discretionary management of your funds which means that we will always discuss potential changes in your investment portfolio with you.

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Disclosures

WiserAdvisor provides referrals to financial professionals. WiserAdvisor is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest.

Additional Detailed Disclosures

https://www.wiseradvisor.com/disclosure/1890774/wiseradvisor-testa-associates-detailed-disclosure.html


Disclaimer

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Testa Associates are not affiliated. This communication is strictly intended for individuals residing in the states of CA, CT, MA, PA, SD, and FL. No offers may be made or accepted from any resident outside the specific states referenced. The information being provided is strictly as a courtesy. When you link to any of these websites provided herein, Testa Associates makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information, and programs made available through this site.

Compliance

Investment Advisor Representative:

Yes


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


Office Hours

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

Communities Served

Dover, Framingham, Natick, Needham, Newton, Sherborn, Sudbury, Wayland, Wellesley, Weston,

Compensation Arrangements

Check Money Order
Visa MasterCard
Discover

News & Events

The 529 Flight Tasting
When: 10/27/2022 00:05 | By: Parents of young children in the local area
Location: Jack's Abby Craft Lagers

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