Richard Mcelreath
Richard Mcelreath is a registered investment advisor at Spring Capital Management, based in Amarillo, TX, with 27 years of industry experience. Richard operates on a fee-only basis, meaning they do not earn commissions from product sales. Their practice areas include Investment Management. Their firm serves 139 clients with $220M in assets under management.
Compensation
Firm Size
Number of Clients
Average Client Portfolio
Assets Under Management
Fee Structure
Spring Capital manages assets through a wrap fee program. Clients referred to third-party money managers will pay a fee of 0.35% to 0.7% to the money manager, depending on the strategy, and a fee of 0.3% to 1.1% to Mr. Rathbun, which is negotiable. The total fee will not exceed 1.8%. Mr. Rathbun's fees are charged quarterly, in advance, based on the average daily balance of the assets in the account.
Location
600 S. Tyler, Suite 1515, Amarillo, TX, 79101
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Regulatory History (1)
Customer Dispute
November 2008Other Business Activities
Richard is an investment committee member for Arvest Asset Management, spending minimal time providing feedback on investment products. He is also a managing member of RJAE, LLC, a holding company for a vacation home, and its subsidiary Bristlecomb Pine Ventures, LLC, dedicating minimal time to managing operations.
Employment History
Current Registrations
Spring Capital Management
Previous Registrations
Purshe Kaplan Sterling InvestmentsBroker
Argentus Advisors, LLC
Argentus Securities, LLCBroker
Financial Counseling CorporationBroker
Wachovia Securities, LLCBroker
Wachovia Securities, LLC
A. G. Edwards & Sons, INC.
A. G. Edwards & Sons, INC.Broker
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.