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Richard Shane

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CRD#: 419822
RS

Professional summary

Richard Shane was barred by the FINRA from acting as a broker or investment advisor or otherwise associating with a broker-dealer firm.

Richard is a previously registered financial professional and started their career in finance in 1973. Prior to being barred, Richard had worked at 4 firms, which includes EQUITY SERVICES INC., ROBERT W. BAIRD & CO. INCORPORATED, NORTHWESTERN MUTUAL INVESTMENT SERVICES LLC, METROPOLITAN LIFE INSURANCE COMPANY.

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.
The advisor shows no other business activity.

Blog Corner

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®
None

Experience

Past

August 9, 2001 - November 28, 2001

EQUITY SERVICES, INC.

BD
CRD#: 265
MONTPELIER, VT
Past

July 4, 1985 - November 17, 2000

ROBERT W. BAIRD & CO. INCORPORATED

BD
CRD#: 8158
MILWAUKEE, WI
Past

July 2, 1974 - November 17, 2000

NORTHWESTERN MUTUAL INVESTMENT SERVICES, LLC

BD
CRD#: 2881
MILWAUKEE, WI
Past

December 19, 1973 - June 11, 1974

METROPOLITAN LIFE INSURANCE COMPANY

BD
CRD#: 4095

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".
EQUITY SERVICES, INC.
EQUITY SERVICES, INC.
360 DEGREE PANORAMIC WEALTHVIEW | FIRST AMERICAN FINANCIAL | ESI FINANCIAL ADVISORS | EQUITY SERVICES, INC.

CRD#: 265 / SEC#: 801-41722, 8-14286

RIA
Registered Investment Advisory firm - SEC (7/9/1992 Approved)
BD
Broker-Dealer Firm Regulated by FINRA (Boston district office)

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
RR
Series 63
Date: 10/19/1987
Uniform Securities Agent State Law Examination
General Industry/Product Exam
RR
Series 1
Date: 12/14/1973
Registered Representative Examination

Current Firm

EQUITY SERVICES, INC.
EQUITY SERVICES, INC.
360 DEGREE PANORAMIC WEALTHVIEW | FIRST AMERICAN FINANCIAL | ESI FINANCIAL ADVISORS | EQUITY SERVICES, INC.

CRD#: 265 / SEC#: 801-41722, 8-14286

RIA
Registered Investment Advisory firm - SEC (7/9/1992 Approved)
BD
Broker-Dealer Firm Regulated by FINRA (Boston district office)
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Contact information

Main Address
One National Life Drive, Montpelier, VT 05604
Mailing Address
One National Life Drive, Montpelier, VT 05604
Phone number
(800) 344-7437
Established
Vermont since 10/07/1968
Firm type
Corporation
Fiscal year end
December
Firm Size
Large
# of Employees
470

SEC notice filing (46 States and Territories)

Blank US states mapAlaskaHawaiiAlabamaArkansasArizonaCaliforniaColoradoConnecticutDelawareFloridaGeorgiaIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWisconsinWest VirginiaWyoming

FINRA licenses (51 States and Territories)

Blank US states mapAlaskaHawaiiAlabamaArkansasArizonaCaliforniaColoradoConnecticutDelawareFloridaGeorgiaIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWisconsinWest VirginiaWyoming

Documents

Customer Relationship Summary (CRS / SEC)Customer Relationship Summary (CRS / FINRA)Latest Form ADV

Part 2 Brochures

ESI FORM ADV PART 2A - APPENDIX 1 (FMAX) (1/26/2026)
ESI FORM ADV PART 2A - APPENDIX 1 (FMAX) (9/2/2025)
ESI FORM ADV PART 2A (6/19/2025)
ESI FORM ADV PART 2A - APPENDIX 1 (ESI COMPASS) (3/28/2025)
ESI FORM ADV PART 2A - APPENDIX 1 (ESI DIRECTIONS) (3/28/2025)
ESI FORM ADV PART 2A - APPENDIX 1 (ESI ILLUMINATIONS) (3/28/2025)

Direct owners and executive officers

NamePositionCRD#
NLV FINANCIAL CORPORATIONSHAREHOLDER
ASSADI, MEHRANDIRECTOR & CHAIRMAN OF THE BOARD5270638
COTTON, ROBERT EARLDIRECTOR3085405
DAVID, ALEX MARCUSPRESIDENT & CEO2421489
DUNNE, REBECCA NASSARDIRECTOR3236752
FOX, CARRIE ANNVP, FINOP5715395
FRANKLIN, ROBERTSVP, COMPLIANCE & CCO3213051
FRAZEE, MATTHEWDIRECTOR5979281
MCKENNY, IAN ANDREWVP, CHIEF COUNSEL & SECRETARY5352951
NELSON, BRIAN WILBURVP, BUSINESS DEVELOPMENT3082595
PALMER, REBECCACHIEF INFORMATION SECURITY OFFICER7320153
PARRISH, SPENCER TODDVP, PRINCIPAL FINANCIAL OFFICER AND TREASURER4125651
TEESE, GREGORY DWIGHTSVP, OPERATIONS, COO2135269

Regulatory assets under management

Total Number of Accounts12,116
AUM (Assets Under Management)$ 2,451,252,093

Disclosures

Regulatory Event8
Arbitration2
Bond1

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.

Company Information

EQUITY SERVICES, INC.

EQUITY SERVICES, INC.

CRD#: 265

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