Advisor at LexAurum Advisors
Data sourced from SEC public records (and other sources when available). Some details may be added by the advisor after claiming their profile. Refreshed daily • Updated today.
Location
Fairfield, TX 75840
Credentials
Series 63, Series 65
Industry experience
42 years
Richard Schaufert is a financial advisor with LexAurum Advisors, holding Series 63 and Series 65 licenses and bringing 41 years of industry experience. His career includes roles at Brokers International Financial Services, Cetera Advisor Networks, Summit Financial Group, VSR Advisory Services, and The Kirkwood Group. Outside of his advisory work, he serves as a firefighter EMT and chief of the Fairfield Volunteer Fire Department and is involved with the Fairfield Lodge 103 AF&AM as a junior steward. LexAurum Advisors serves individuals, families, businesses, and institutional clients by providing investment management, financial planning, and retirement plan services. The firm uses diversified, asset-allocation strategies aligned with modern portfolio theory and offers multiple risk-based managed-account models implemented primarily with low-cost ETFs.
Based on LexAurum Advisors
Based on LexAurum Advisors
Financial planning fees may be fixed amounts; specific amounts not stated
$0 - $2,000,000: 2.00% annually $2,000,001 - $5,000,000: 1.75% annually $5,000,001+: 1.50% annually
Insurance product commissions and 12b-1 fees from investment companies (not from LexAurum-managed accounts)
Financial planning fees may be hourly based; specific rates not stated
Fee-only: Financial planning fees charged as fixed amount or hourly rate; fees quoted in advance and negotiable based on complexity and service level
11 Pine Ridge Court
Fairfield, TX 75840
Texas
LexAurum Advisors, LLC
2019 - Present (7 years)
Brokers International Financial Services, LLC
2019 - 2022 (3 years)
Cetera Advisor Networks Llc
2019 - 2019 (1 year)
Summit Financial Group Inc
2016 - 2019 (3 years)
Summit Brokerage Services, Inc.
2016 - 2019 (3 years)
VSR Advisory Services
2007 - 2016 (9 years)
The Kirkwood Group, Inc.
2003 - Present (23 years)
Vsr Financial Services, Inc
2003 - 2016 (13 years)
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Is not active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
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
Streetman, TX
Rhonda L Russell
Rhonda Russell is the principal of Rhonda L Russell, an independent financial advisory firm. She holds Series 63 and 65 licenses and has 22 years of experience in the industry. Prior to founding her own firm, she worked at Doshier Pickens & Francis, P.C. for 37 years. Her practice includes tax accounting and planning, which informs her tax-aware investment recommendations. Rhonda L Russell provides financial planning, retirement planning, tax-planning strategies, and investment consultation to individuals and business clients, including pension and profit-sharing plans. The firm emphasizes tax efficiency and offers advisory services through hourly engagements, focusing on asset allocation and a mix of active and passive investment strategies without discretionary portfolio management.
Series 63, Series 66
Fairfield, TX
OSAIC
Michael Hill is a financial advisor with OSAIC, holding Series 63 and Series 66 licenses and bringing 27 years of industry experience. His career includes roles at Sagepoint Financial, Hill & Associates Wealth Management Advisors, and Wealth Advisory Council. Outside of advising, he is a part owner of Union 28 Taphouse, a restaurant and wine tasting room in Midlothian, TX. OSAIC is an SEC-registered investment adviser and FINRA member broker-dealer serving a diverse client base including individual investors, pension plans, corporations, and charitable organizations. The firm offers various wealth management programs and utilizes technology-driven investment processes, supporting thousands of advisors and managing approximately $200 billion in assets.
Series 66
Fairfield, TX
Edward Jones
Series 66
Fairfield, TX
Edward Jones
Series 63, Series 66
Fairfield, TX
Edward Jones
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