Richard Baker is a registered investment advisor at Milestone Asset Management, LLC, based in Germantown, MD, with 18 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, Financial Planning & Coaching, Insurance Planning, Investment Management, and 1 more. Their firm serves 1,359 clients with $690M 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 $750K | 1.50% |
| $750K - $1.5M | 1.25% |
| $1.5M - $3.0M | 1.00% |
| $3M+ | 0.75% |
These fees are for internally managed models. Sub-advised models have higher fees: Up to $750,000: 1.75%, $750,000 – $1,500,000: 1.50%, $1,500,000 – $3,000,000: 1.25%, Additional Amounts Over $3 million: 1.00%. Fees are negotiable.
Fee Estimator
Location
20251 Century Blvd., Ste. 425, Germantown, MD, 20874
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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 ActivitiesSells Insurance
Richard provides tax planning services through Legacy Capital Planners, LLC, dedicating minimal time outside of tax season. He also works as an IAR for Brookstone Capital Management, spending about a quarter of his time servicing clients, and is dually registered with Milestone Asset Management. Additionally, Richard is a board member of Prepare Institute and involved with JMT Properties II, a real estate investment LLC.
Employment History
Current Registrations
Milestone Asset Management, LLC
Brookstone Capital Management LLC
Previous Registrations
Alphastar Capital Management, LLC
Milestone Asset Management, LLC
Alphastar Capital Management, LLC
State Registrations3 states
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