Advisor at Davidson Wealth Management LLC
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Firm
Davidson Wealth Management LLC
Location
Forked River, NJ 08731
Credentials
Series 63, Series 65
Industry experience
36 years
Richard Prozzo is an investment advisor representative with Davidson Wealth Management LLC, holding Series 63 and Series 65 credentials and 36 years of industry experience. He has worked with Davidson Wealth Management since 2010 and has been affiliated with OSAIC Wealth, Inc. since 1996. He also serves as a trustee for his deceased father’s irrevocable trust, making investment decisions alongside his mother. Davidson Wealth Management serves individual clients, including high-net-worth households, as well as retirement plans, trusts, and business entities. The firm offers asset management, financial planning, and retirement plan consulting, managing portfolios across mutual funds, ETFs, equities, fixed income, and annuity sub-accounts, with both discretionary and non-discretionary strategies.
Based on Davidson Wealth Management LLC
Based on Davidson Wealth Management LLC
Financial planning fixed fees ranging from $1,000 to $10,000 based on complexity; half due at contract execution, balance upon plan presentation.
$0 - $499,999: 1.75% $500,000 - $999,999: 1.50% $1,000,000 - $2,999,999: 1.25% $3,000,000 - $4,999,999: 1.00% $5,000,000+: 0.75%
Commissions earned from insurance and securities sales outside advisory accounts; no commissions in advisory accounts.
$250 per hour for financial planning in special circumstances.
1041 West Lacey Road, 2 Nd Floor
Forked River, NJ 08731
Louisiana · New Jersey · New York · Texas
Davidson Wealth Management LLC
2010 - Present (16 years)
OSAIC
1996 - Present (30 years)
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Is not active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Bank
They're affiliated with a bank that may offer its own financial products and services.
Trust company
They provide trust and estate administration services, typically for separate fees.
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Lawyer
They provide legal services, typically billed separately.
Real estate agent
They facilitate real estate transactions and may earn commissions.
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Series 63, Series 65
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