Richard Rang is a CFP-designated registered investment advisor at Financial Management Network INC, based in Mission Viejo, CA, with 30 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, Tax Planning. Their firm serves 1,528 clients with $2.1B in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
FMN offers several investment management options with different fee structures:
For clients who started before July 1, 2002:
- Annual fee: 1% on the first $200,000, 0.80% on $200,001-$500,000, 0.70% on $500,001-$1,000,000, and 0.60% on amounts over $1,000,000.
- Minimum annual fee: $1,000.
For clients who started after July 1, 2002:
- Annual fee: 0.90% on $200,000-$500,000, 0.80% on $500,001-$1,000,000, and 0.70% on amounts over $1,000,000. Fees are negotiable for portfolios over $3,000,000.
- Minimum account size: $200,000.
For clients who started after September 30, 2011, with more complex portfolios:
- Annual fee range: 0.60% to 1.25%. Fees are negotiable for portfolios over $3,000,000.
Model Portfolio Management:
- Annual fee: 1.25% (minimum $156.25 per quarter).
- Minimum account size: $50,000.
FM6 Management (for non-profit employees):
- Annual fee: 0.50%.
- Minimum account size: $100,000.
Class F-2 shares of the American Funds:
- Annual fee: 0.50%.
Sub-Adviser (for accounts under $10,000):
- Annual fee: 1% (0.25% paid to the sub-adviser, 0.75% to FMN).
Location
26041 Acero, Mission Viejo, CA, 92691
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
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Richard owns a small reptile breeding business, owns 5% of FMN Centerpoint LLC which owns commercial real estate, and prepares taxes as an enrolled agent. He also owns rental real estate and an S-Corp through which FMN & FMN Inc. income is run; tax preparation takes about 10-20% of Richard's time during tax season, while the other activities require minimal time.
Employment History
Current Registrations
Financial Management Network INC
Fmn Capital CorporationBroker
Previous Registrations
Atlas Securities, INC.Broker
New England SecuritiesBroker
State Registrations22 states
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