Richard Gartelmann is a CFP-designated registered investment advisor at River Street Advisors, LLC, based in Aurora, IL, with 25 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Estate Planning, High Net Worth, Insurance Planning, Investment Management, and 2 more. Their firm serves 492 clients with $540M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $1.0M | 1.00% |
| $1.0M - $2.0M | 0.80% |
| $2.0M - $5.0M | 0.70% |
| $5M+ | 0.50% |
Fees are negotiable depending on individual client circumstances. At RSA's discretion, they may combine the account values of family members living in the same household to determine the applicable advisory fee.
Fee Estimator
Location
37 S. River Street, Aurora, IL, 60506
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Regulatory History
No disclosures, customer disputes, or regulatory actions on file.
Disclosures include customer complaints, regulatory actions, and other events that advisors must report to the SEC. A clean record means none have been reported.
Learn about disclosures →Other Business Activities
Richard is associated with Old Second Wealth Management, which is a DBA for his LPL business. He is also a Senior Vice President at Old Second Wealth Management, managing client relationships for trust accounts, dedicating about a quarter of his time to this role.
Employment History
Current Registrations
River Street Advisors, LLC
Previous Registrations
LPL Financial LLC
LPL Financial LLC
Geneva Investment Management of Chicago, LLC
LPL Financial Corporation
Feldman Securities Group LLC
Lasalle St. Investment Advisors, L.L.C.
State Registrations1 state
You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.