Richard W. Schaeffer
SCHAEFFER FINANCIAL LLC
ROCKVILLE, MD 20853
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CRD#: 1202659
Professional summary
Richard Wayne Schaeffer, CFP® is a registered financial advisor currently at SCHAEFFER FINANCIAL LLC located in Rockville, Maryland and LPL FINANCIAL LLC located in Rockville, Maryland.
Richard is registered as an IAR (Investment Advisor Representative) and RR (Registered Representative) and started their career in finance in 1984. Richard has worked at 8 firms and has passed the Series 65, Series 63, SIE and Series 7 exams.
Question & Answer
What are your service offerings?
Inheritance
Elder Care
Estate Planning
Investment Planning
Insurance Planning
Comprehensive Financial Planni...
Life Transitions
Retirement Planning
Retirement Income Management
Education Planning
Socially Responsible Investing
Are you a "fiduciary"?
Yes
Aliases
None
Other business activities
Outside business activity is any business or activity undertaken by an advisor that is outside the scope of their relationship with their firm (e.g., consulting services, real estate, freelance work, teaching, etc.). Investors should stay informed about these activities to ensure no conflicts of interest.
1- 05/2025 - Schaeffer Financial - DBA for LPL Business (entity for LPL business)- Investment Related - At Reported Business Location(s) - Start Date 08/01/1994- 10 hours per month/ 8 hours during trading 2- 05/2025 - Schaeffer Financial - Registered Investment Advisor - IAR - Investment Related - At Reported Business Location(s) - Start Date 08/01/1994- 10 hours per month/ 8 hours during trading - I provide investment advisory services through Schaeffer Financial, an independent investment advisor firm. I started this business activity in 08/1994. I expect to spend approximately 10 hours per month on this activity. Please see the advisory firm's Form ADV for more information about its address, the nature of its business, its owners, and its services at http://www.adviserinfo.sec.gov/IAPD. The firm is separate from and independent of LPL Financial.
CRS (Client Relationship Summary) - RIA
Click below to view Richard Wayne Schaeffer's CRS (Customer Relationship Summary).
Certified licenses
Advisors may have various certifications and credentials from different organizations. AdvisorCheck highlights these seven certifications - AIF®, CFP®, ChFC®, CFA, CLU®, CIMA®, CPWA®
CFP®
Start date: 1987
Experience
Current
January 3, 2005 - Present
SCHAEFFER FINANCIAL LLC
Office #1: 4612 Great Oak Road, Rockville, MD 20853RIA
CRD#: 133697
ROCKVILLE, MD
Current
May 1, 2025 - Present
LPL FINANCIAL LLC
Office #1: 4612 Great Oak Rd, Rockville, MD 20853RIA
BD
CRD#: 6413
ROCKVILLE, MD
Past
February 14, 1992 - April 7, 2005
FSA WEALTH PARTNERS
RIA
CRD#: 104513
ROCKVILLE, MD
Past
March 30, 1989 - May 1, 2025
GROVE POINT INVESTMENTS, LLC
BD
CRD#: 1763
ROCKVILLE, MD
Past
November 2, 1988 - April 10, 1989
CAREY JAMISON & COMPANY
BD
CRD#: 14129
Past
March 30, 1987 - October 31, 1988
HIBBARD BROWN & CO., INC.
BD
CRD#: 18246
NEW YORK, NY
Past
February 4, 1986 - March 30, 1987
CETERA WEALTH SERVICES, LLC
BD
CRD#: 13572
Past
January 7, 1984 - August 12, 1985
FSC SECURITIES CORPORATION
BD
CRD#: 7461
Primary Firm SEC Registration
This SEC-registered firm can serve clients nationwide. Some states may require the firm to submit a notice filing if the firm has more than 5 clients or a physical office there. You can view these state-level filings under the section titled "State Registrations and Notice Filings".
SF
SCHAEFFER FINANCIAL LLC
SCHAEFFER FINANCIAL | SCHAEFFER FINANCIAL LLC
CRD#: 133697 / SEC#: 801-63790
RIA
Registered Investment Advisory firm - (1/3/2005 Approved)State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
IAR
means the advisor is registered as an Investment Advisor Representative in this state and is authorized to provide investment advice to clients there.RR
indicates the advisor is registered as a Registered Representative in this state, allowing them to offer securities such as stocks, bonds, and mutual funds through a broker-dealer.Visual representation of state registrations
RR
Arizona(5/1/2025)
RR
Arkansas(5/1/2025)
RR
California(5/1/2025)
RR
Colorado(9/9/2025)
RR
Delaware(5/1/2025)
RR
District of Columbia(5/1/2025)
RR
Florida(5/5/2025)
RR
Georgia(5/1/2025)
RR
Hawaii(5/1/2025)
RR
Idaho(9/12/2025)
RR
Illinois(5/1/2025)
RR
Indiana(5/1/2025)
IAR
Maryland(1/3/2005)
RR
Maryland(5/1/2025)
RR
Massachusetts(5/1/2025)
RR
Michigan(5/1/2025)
RR
Minnesota(5/1/2025)
RR
Missouri(9/5/2025)
RR
Nebraska(5/1/2025)
RR
Nevada(5/1/2025)
RR
New Jersey(9/22/2025)
RR
New Mexico(5/1/2025)
RR
New York(5/1/2025)
RR
North Carolina(5/1/2025)
RR
Ohio(9/14/2025)
RR
Oregon(5/1/2025)
RR
Pennsylvania(8/29/2025)
RR
Rhode Island(9/9/2025)
RR
South Carolina(5/1/2025)
IAR
Texas(8/19/2011)
RR
Texas(5/1/2025)
RR
Virginia(5/1/2025)
RR
Washington(5/1/2025)
RR
West Virginia(5/1/2025)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
SRO Registrations
RR
FINRA
Current Firm
SF
SCHAEFFER FINANCIAL LLC
SCHAEFFER FINANCIAL | SCHAEFFER FINANCIAL LLC
CRD#: 133697 / SEC#: 801-63790
RIA
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Contact information
Main Address
4612 Great Oak Road, Rockville, MD 20853
Mailing Address
Phone number
(301) 933-5550
Established
Firm type
Fiscal year end
# of Employees
7
SEC notice filing (10 States and Territories)
Documents
Regulatory assets under management
| Total Number of Accounts | 435 |
| AUM (Assets Under Management) | $ 223,248,023 |
Red Flags
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Check for any disclosures as part of your thorough research when choosing an advisor.
