As an Accredited Investment Fiduciary (AIF®), Richard Catanese has been providing clients with solutions to their wealth management needs for over 20 years. A retirement consultant that has helped a variety of individuals transition into and navigate their retirement and other financial goals. From blue collar factory workers to teachers, business owners and corporate professionals, Richard has the experience to assist with the critical decisions involving retirement, whether to fund that dream home or build a family educational foundation. Richard uses a consultative approach to wealth management that incorporates a structured planning-based process. He is is a member of the Financial Planning Association (FPA) and a recipient of the 2021 and 2022 Five Star Wealth Manager Award.
Independence Square Advisors is an independent wealth management consulting firm with a simple mission; to support yours. We work with individual investors and business owners across the country so that they can spend less time working and instead focus on doing what they love. Our community of professionals seeks to add value to your life and business through private wealth management, retirement plan consulting, and thoughtful insurance protection.
General Information |
| Firm Start Year: | 2019 | |
| Insurance License#: | 375142 |
| States Licensed in: | AK, CA, DC, FL, GA, IL, MD, MI, NJ, NY, NC, OR, PA |
| Number of Years with Current Firm: | 2 |
| Work Experience: | Prior to coming to Independence Square Advisors, Richard was a partner at The Philadelphia Group, an independent advisory team under Private Advisor Group, LLC. In 2020, part of this team, including Richard, broke off and started Independence Square Holdings, LLC. With Independence Square Holdings, LLC, Richard is an independent contractor and Wealth Manager. Richard was a Vice President and financial advisor with Wells Fargo Advisors and Wachovia Securities through the 2007-2008 financial crisis and with Merrill Lynch during the tech crash of 2002. He has experience with the volatility of the financial markets and uses strategies for growth, income and capital preservation. His clients include corporate executives, families, small businesses and non-profits. His expertise includes retirement, estate and education planning as well as corporate cash management. Richard's mission is to provide experienced guidance and exceptional personalized service so clients can gain confidence in their financial future. |
| Work with the following types of clients: | Businesses, Individual Investors, Non-Profit Organizations |
| Advisory Services Provided: | Financial Advice & Consulting, Investment Advice & Management, Insurance Products & Annuities, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Wealth Management, Money Management, Risk Management, Education Funding and Planning, Financial Planning for Individuals, Financial Planning for Businesses, Estate Planning & Trusts |
Services |
| Investment Types: | Exchange Traded Funds (ETFs), Bonds, Options & Futures, Commodities, Alternative Investments, Annuities, Insurance, Mutual Funds, Stocks |
| Can meet clients in the following ways: | Your Home, Our Office, Phone, Email, Your Office, Video Conference |
Qualifications & Memberships |
| Insurance and Annuity Licenses: | Variable Life, Long Term Care, Variable Annuity, Life, Health, Annuity |
Firm Information |
| Advisor's Number of Clients: | 225 |
| Advisor's Number of Managed Clients: | 85 |
| Advisor's Number of Planning Clients: | 50 |
Compensation and Fees |
| Fee Structure: | Fee-Based |
| Minimum Portfolio Size for New Managed Accounts: | $100,000 |
| Compensation Methods: | Based on Assets, Hourly, Flat Fee, Commissions |
| Fee % Based on Assets: | 1% |
| Hourly Rate: | $350 |
Board Positions |
| Organization : | MSS Society, Norristown, PA |
| Position : | Financial Secratary |
| Duration : | 09/2003-Present |
| Organization : | RNCL Charity Golf Outing and Dinner, Plymouth Meeting, PA |
| Position : | Co-Chairman |
| Duration : | 05/2006-Present |
Education |
| Bachelors | Temple University
- Philadelphia, PA 09/1981-06/1985 |
Financial Services |
| Retirement Planning
Retirement is meant to be a time of freedom, a time to discover things you've always wanted to do and explore new passions. In addition to the necessities, an important aspect of a graceful retirement should include good health care, social activities, and self-enrichment. We are committed to serving the complex issues clients face in order to achieve their goals. We will help you design a comprehensive retirement plan that includes efficient portfolio strategies, insurance, tax and estate planning assistance in a manner consistent with your expectations. |
| Financial Advice & Consulting
We work with investors in all stages of wealth accumulation and distribution. We work with clients who have great abundance as well as young families planning their future. From educating young savers on the basics to guiding business owners through complex challenges, we have the depth of knowledge and resources to maximize the probability of success. |
| Wealth Management
Whether you are saving for retirement, growing a business, or managing a windfall, we have the resources to help you navigate all of life's financial currents. Our wealth management expertise utilized a risk based analysis that matches a client's complete wealth picture to their risk tolerance. We pledge to provide personalized recommendations based on your unique aspirations and circumstances in a fully transparent way. |
FAQs |
Do you have a customer satisfaction or refund policy?I ensure that my fees are fair and reasonable for the value of my services; taking into consideration the time, skill, experience, and special circumstances involved. Customer satisfaction is my most important goal. Independence Square Holdings, LLC collects fees in advance. You may terminate the agreement without penalty for a full refund of our fees within five business days of signing the agreement. Thereafter fees paid in advance but not yet earned will be refunded on a prorated basis. For further details, including refund calculations, please review our ADV Part 2A. |
Why should I choose you as my financial advisor?I am an Accredited Investment Fiduciary (AIF®) bound by a Code of Ethics. I act with honesty and integrity to provide my client all information when serving as an investment fiduciary. I take steps to avoid conflicts of interest and ensure timely disclosure of relevant and material information that is easily understandable. I provide experienced guidance to ensure clients feel confident they can achieve their goals. |
How do you charge for your services?I am primarily compensated in an advisory, fee based method that is a percentage of the account size and includes all planning related services. I can be compensated on a flat fee basis for financial planning and I have commission based compensation for products and strategies that cannot be transacted otherwise. |
What financial institution(s) do you represent?LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC www.Finra.org, www.SIPC.org. Other advisory services offered through Independence Square Holdings, LLC a registered investment advisor. Independence Square Holdings, LLC / Independence Square Advisors is a separate entity from LPL Financial. I also offer insurance products from many well known companies. |
Disclosures |
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Five Star Wealth Management Award based on 10 objective criteria associated with providing quality services to clients such as credentials, experience, and assets under management among other factors. Wealth managers do not pay a fee to be considered or placed on the final list of the 2021 or 2022 Five Star Wealth Managers. WiserAdvisor provides referrals to financial professionals of LPL Financial, LLC (LPL). WiserAdvisor is not a current client of LPL for brokerage or advisory services. Financial professionals of LPL pay WiserAdvisor cash compensation for these referrals, which creates the incentive for WiserAdvisor to make these referrals, resulting in a conflict of interest. LPL ADV 2A https://www.lpl.com/content/dam/lpl-www/documents/disclosures/A58.pdf LPL WiserAdvisor Cash Solicitor Disclosure |
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Additional Detailed Disclosures |
Disclaimer |
| Securities and Retirement Plan Consulting Program services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC www.Finra.org, www.SIPC.org. Other advisory services offered through Independence Square Holdings, LLC a registered investment advisor. Independence Square Holdings, LLC / Independence Square Advisors is a separate entity from LPL Financial. The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: AL, AZ, CA, CO, CT, DE, FL, GA, IL, IN, KY, LA, MA, MD, MI, NH, NJ, NC, NV, NY, OH, PA, SC, TX, VA |
Registered Investment Advisor:
Yes
Registered Representative:
Yes
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
| 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 |
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