Richard Cerminara Sr.
Advisor at Silver Grove Advisory Services
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.
Advisor at Silver Grove Advisory Services
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
Saranac Lake, NY
Credentials
Series 63, Series 65
Industry experience
38 years
Richard Cerminara Sr. is a financial advisor with Silver Grove Advisory Services, holding Series 63 and Series 65 licenses and bringing 38 years of industry experience. His prior roles include positions at GWN Securities Inc. and operating his own advisory entities since 2005. Outside of advisory work, he is an independent sales representative for United Healthcare and licensed in insurance sales. Silver Grove Advisory Services is a multi-advisor firm managing approximately $326.6 million for nearly 1,929 clients, including individuals, high-net-worth clients, trusts, estates, and retirement plan sponsors. The firm offers discretionary portfolio management with a long-term, client-specific approach utilizing diversified mutual funds, ETFs, and individual securities, supported by a range of third-party model portfolios and sponsored platforms.
Based on Silver Grove Advisory Services
Fixed fees for financial planning engagements range from $0 up to $25,000; Retirement plan consulting flat fees up to $25,000
$0+: 0.0% to 2.00% annually (negotiable, based on complexity, asset level, and relationship) $0+: Total fee including Independent Managers up to 3.00% annually
Certain advisory persons are registered representatives of LPL Financial LLC and insurance agents earning commissions separately from advisory fees
Financial planning and consulting hourly fees range from $0 up to $500 per hour; Retirement plan consulting hourly fees up to $500 per hour
Fee-only: Investment advisory fees negotiable between 0.0% to 2.00% annually; Financial planning hourly fees $0 to $500 per hour; Fixed fees for financial planning up to $25,000; Retirement plan consulting fees up to 1.00% annually or hourly up to $500 per hour or flat fees up to $25,000 (negotiable)
Saranac Lake, NY
New York
Silver Grove Advisory Services
2021 - Present (5 years)
Richard Cerminara Investor Services
2021 - Present (5 years)
Richard Cerminarra Investor Services LLC
2005 - Present (21 years)
GWN Securities Inc.
2005 - 2020 (15 years)
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Is active or affiliated with:
Insurance agent
They sell insurance products and may earn commissions on those sales.
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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.
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.
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