Richard
Rainforth

Commonwealth Financial Network

CRD#4151558
Investment Advisor
in West Des Moines, IA

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About this Advisor

Richard Rainforth is a chartered financial consultant based in West Des Moines, Iowa with 1 year of industry experience. Rainforth is an advisor for Commonwealth Financial Network. Over the course of their career, they have held roles at New York Life Securities, LLC, New York Life, Eagle Strategies Corp, Hanson & Rainforth Financial Group, R2 Financial Strategies, Commonwealth Financial Network and Generation Strategies, LLC. Rainforth maintains Series 63 and Series 65 licenses, qualifying them as both a securities agent and an investment advisor representative, and is able to advise clients in Iowa. Commonwealth Financial Network is a financial advisory firm that has its headquarters in Waltham, MA. The company has offices in 1,759 locations and a total of 4,300 employees. It manages $146 billion in total assets between its 585,629 client accounts, making it one of the largest financial advisory firms in the country by assets under management. The firm advises 2,108 charities and foundations. Of its 585,629 client accounts, just 4% are held by high-net-worth individuals who have at least $1 million in assets available to invest. The company provides a number of services, including financial planning services, portfolio management for individuals and small businesses, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters and educational seminars. Fees charged by financial advisors largely depend on the financial services. Fee types charged by Commonwealth Financial Network can consist of asset-based, hourly, fixed and commission-based fees.

Certifications and Registrations

Series 63, Series 65, Chartered Financial Consultant

Years Registered*

1 year

Services Offered

Financial planning services, Portfolio management for individuals and/or small businesses, Portfolio management for businesses or institutional clients, Pension consulting services, Selection of other advisers, Publication of periodicals or newsletters, Educational seminars/workshops

Fee Structure

Percentage of Assets, Hourly Charges, Fixed Fees, Commissions

Office Location

4855 Mills Civic Parkway Suite 200
West Des Moines, IA 50265

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Commonwealth Financial Network Brokerage Details

Total Assets Under Management

$146,387,007,862

IA Average: $16,012,751,954
Total Number of Employees

4,300

IA Average: 118
Total Number of Accounts

585,629

IA Average: 4,567
Average Account Size

$249,965

IA Average: $3,506,186

Investment Advisory Services

  • Financial planning services
  • Portfolio management for individuals and/or small businesses
  • Portfolio management for businesses or institutional clients
  • Pension consulting services
  • Selection of other advisers
  • Publication of periodicals or newsletters
  • Educational seminars/workshops

Richard Rainforth Work History

Richard has been registered as a financial advisor for 1 years.*

2022 - Present (2 years)

Commonwealth Financial Network

2014 - Present (10 years)

R2 Financial Strategies

2018 - 2022 (4 years)

Generation Strategies, LLC

2008 - 2022 (14 years)

Eagle Strategies Corp

2008 - 2019 (11 years)

Hanson & Rainforth Financial Group

2000 - 2022 (22 years)

New York Life Securities, LLC

2000 - 2022 (22 years)

New York Life

*The number of years registered in this profile is calculated by taking the year of an advisor's first active registration and subtracting it from the current year.

Disclosures

Please visit the SEC profile of Richard Rainforth to learn whether or not they have any disclosures. It is important to do your due diligence when looking for an advisor.

Financial Advisors at Commonwealth Financial Network

Fred Scheffner
Salt Lake City, UT
Christopher Mitchell
Waltham, MA
Stephen Cefalu
Jacksonville, FL
Alex Rusinowitz
Garden City, NY
Garrett Forsberg
Plymouth, MA
Blake Asbury
Alpharetta, GA
Peter Leonczyk
Ludlow, MA
Tyler Price
Kennewick, WA

The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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