Paladin Research Report For:
Rich Testa
Testa Associates
About Rich Testa
I believe that meticulous planning, attention to detail and the importance of a solid foundation are the keys to success in building a business as well as building a successful investment portfolio.
Beginning with a get-to-know-you meeting in which we will have a relaxed conversation as we get to know you and you, in turn, get to know us. We will ask you to prioritize your financial goals. We'll then set up a second meeting to suggest options and strategies that can help you meet those goals. At the end of this process, you can decide whether you want to work with us. There is no charge for these initial meetings.
Should you decide we are a good fit, we will develop a plan we think will work for you and your financial needs, and we will meet again to refine it and fine-tune it for you. We will never fit you into a preformatted template. And we will never suggest or charge you for services you don't need.
Our relationship does not end with the development of your financial plan. We will meet with you regularly to make sure the plan continues to meet your financial needs, both before and after you retire.
General Information
Firm Start Year
- 2010
No. of Employees
- 2-4
CRD#
- 3152207
Firm CRD#
- 39543
Insurance License#
- 1730990
Name of Broker/Dealer
- Cambridge Investment Research
States Licensed in
- CA, CT, FL, MA, PA, SD
Years of Experience in Financial Services
- 22
Number of Years with Current Firm
- 12
Work Experience
- Testa Associates is headed by Richard J. Testa Jr., a Certified Financial Planner® with more than 20 years of experience. Rich has earned a Masters of Business Administration from Babson University, where he graduated Magna Cum Laude. Richard completed his undergraduate work at Worcester Polytechnic Institute.
A lifelong resident of Wayland, Rich enjoys being active and spending time outdoors, especially skiing. Rich has also completed the Boston Marathon and is a regular at Orangetheory. He and his wife have three children, are proud grandparents and love cheering on their favorite sports teams.
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker/Dealer, and Member FINRA/SIPC.
Advisory services offered through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Testa Associates LLC, and Cambridge are not affiliated.
Work with the following types of clients
- Businesses, Individual Investors
Foreign Languages Serviced
- English
Advisory Services Provided
- Financial Planning for Individuals, Financial Planning for Businesses, Education Funding and Planning, Financial Advice & Consulting, Investment Advice & Management, Insurance Products & Annuities, Financial Planning, Portfolio Management, Retirement Planning, 401K Rollovers, Money Management, Wealth Management
Compliance
Investment Advisor Representative
- Yes
Acknowledged fiduciary
- Yes
Compliance Disclosures in Last 5 years
- I have a clean record
Criminal Disclosures in Last 5 years
- I have a clean record
Qualifications & Membership
Certifications, Accreditations & Designations
- CFP®, RIA
Securities Licenses
- Series 7, Series 63, Series 66, SIE
Insurance and Annuity Licenses
- Variable Life, Variable Annuity, Life, Health, Accident
Firm Information
Firm's Number of Clients
- 50
Firm's Number of Planning Clients
- 50
Firm's Number of Managed Clients
- 50
Assets Managed by Firm
- $20,000,000
Advisor's Number of Clients
- 50
Advisor's Number of Managed Clients
- 50
Advisor's Number of Planning Clients
- 50
Total Assets Under Management by Advisor
- $17000000
Compensation and Fees
Fee Structure
- Fee-Based
Minimum Portfolio Size for New Managed Accounts
- $500,000
Compensation Methods
- Based on Assets
Fee % Based on Assets
- 1.0
Additional Details on Charges
- Our fee structure for investments is based upon the value of your assets under our management . We also have a separate fee schedule for setting up 401k plans for small business'. We do not charge for financial planning. It is part of our service.
Minimum Fee Charged for Managed Accounts
- $0
Minimum Fee Charged for Hourly Planning Accounts
- $0
Education
MBA - Finance
Babson College
9/1/1995 -6/1/1997
Disclosures
PaladinRegistry.com provides referrals to financial professionals. PaladinRegistry.com is not a current client of advisor or advisory services. Financial professionals pay cash compensation for these referrals, which creates the incentive for PaladinRegistry.com to make these referrals, resulting in a conflict of interest.
Additional Detailed Disclosures
https://www.paladinregistry.com/disclosure/1890774/paladinregistry-Testa-Associates-detailed-disclosure.html
Disclaimer
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Cambridge and Testa Associates are not affiliated. This communication is strictly intended for individuals residing in the states of CA, CT, MA, PA, SD, and FL. No offers may be made or accepted from any resident outside the specific states referenced. The information being provided is strictly as a courtesy. When you link to any of these websites provided herein, Testa Associates makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, sites, information, and programs made available through this site.
Paladin Advisors