Joseph J. Rao
Some features on this profile are disabled
CRD#: 4089851
Professional summary
Being a previously registered professional could mean that this person is no longer operating under the supervision of the SEC or FINRA.
That means that the Securities and Exchange Commission may not be able to oversee the services that this specific professional is providing.
Joseph John Rao, CFP®, CIMA®, CPWA® was a registered financial professional .
Joseph is a previously registered financial professional and started their career in finance in 2020. Joseph had worked at 1 firm and has passed the Series 63 exam.
Question & Answer
Are you a "fiduciary"?
No
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.
Insurance Agency Affiliations Mr. Rao is also a licensed insurance professional with Numarc Insurance Agency a d/b/a of Numarc Financial Management Corporation. Implementations of insurance recommendations services are separate and distinct from the advisory services offered to Clients. As an independent insurance professional, Mr. Rao will earn commission-based compensation for selling insurance products, including insurance products they sell to you. Insurance commissions earned by these Mr. Rao are separate and in addition to our advisory fees. This practice presents a potential conflict of interest because the person providing investment advice on behalf of the Advisor who is also an insurance agent has an incentive to recommend insurance products to you for the purpose of generating commissions rather than solely based on your needs. However, you are under no obligation, contractually or otherwise, to purchase insurance products through any Advisory Person affiliated with the Advisor. Mr. Rao spends approximately 20% of his time per month in this capacity. Numarc Tax Solutions Mr. Rao is an Enrolled Agent and owner of Numarc Tax Solutions a d/b/a of Numarc Financial Management Corporation. Tax planning and preparation services are separate and distinct from the advisory services offered to Clients. Tax services may be offered to Clients of the Advisor and are provided as a separate service and fee. Clients are under no obligation to utilize the tax services offered by Numarc Tax Solutions. Mr. Rao spends approximately 10% of his time per month in this capacity. Real Estate Affiliations Mr. Rao is a licensed real estate broker with Numarc Realty d/b/a Numarc Financial Management Corporation in the state of Florida, and a Real Estate Broker in the State of Connecticut, and a Licensed Real Estate Salesperson with R New York in the State of New York. Implementations of real estate transactions are separate and distinct from the advisory services offered to Clients. As a real estate professional, Mr. Rao may receive customary real estate commissions from real estate transactions. Clients are under no obligation to utilize Mr. Rao or the Advisor for any real estate transaction. At no time will Mr. Rao offer real estate investment opportunities to Clients where Mr. Rao has an ownership interest. Mr. Rao spends approximately 5% of his time per month in this capacity. Mortgage Broker Mr. Rao is also a mortgage broker with Numarc Financial Management Corporation d/b/a Numarc Mortgage in the state of Florida. Mortgage services are separate and distinct from the advisory services offered to Clients. Mr. Rao may receive customary mortgage commissions. Clients are not obligated to engage Mr. Rao for his mortgage services. Mr. Rao spends approximately 10% of his time per month in this capacity.
CRS (Client Relationship Summary)
The CRS(Customer Relationship Summary) document is not provided.
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: 2019
CPWA®
Start date: 2020-10-16
Expire date: 2024-03-31
Experience
Past
November 2, 2020 - October 3, 2023
NUMARC WEALTH ADVISORS, INC.
RIA
CRD#: 308416
MIAMI, FL
State Registrations and Notice Filings
Listed states reflect where the advisor is authorized to serve clients under state regulations.
Visual representation of state registrations
This advisor is not registered in any state.
Exams
State Security Law Exam
Current Firm
NW
NUMARC WEALTH ADVISORS, INC.
NUMARC WEALTH ADVISORS, INC.
CRD#: 308416 / SEC#:
Upgrade to AdvisorCheck Premium
Get A Biweekly Pulse, AutomaticallyReceive biweekly alerts automatically. Stay informed and proactive.
Catch Firm-Level Red Flags SoonerCatch leadership changes and disclosures early, before issues escalate.
See Trends. Not Just SnapshotsMonitor firm stability metrics like AUM and advisor ratios over time.
Contact information
Main Address
25 Se Second Ave Suite 312, Miami, FL 33131
Mailing Address
Phone number
(305) 359-3725
Established
Firm type
Fiscal year end
# of Employees
1
Regulatory assets under management
| Total Number of Accounts | 2 |
| AUM (Assets Under Management) | $ 287,000 |
Red Flags
Disclosures can be potential red flags, including customer disputes, regulatory fines, employer terminations, bankruptcies, judgments, liens, or certain criminal activities.
Check for any disclosures as part of your thorough research when choosing an advisor.
