# Richard McCormack

> Richard McCormack is a fee-only financial advisor at School of Personal Finance in Yorktown Heights, New York, who holds the CFP and RICP credentials. Richard charges a percentage of assets, hourly fees and a one-time planning fee ($300 an hour and 1% a year on the first tier of assets managed) and focuses on retirement planning and tax planning.

Page: https://find.wellspent.co/advisors/richard-mccormack/
Built from public directory listings; last checked April 21, 2026.

## Facts

- **Firm:** School of Personal Finance
- **Based in:** Yorktown Heights, New York
- **Fee model:** Percentage of assets; Hourly; One-time planning fee
- **Fees (firm's website):** $300 an hour; 1% a year on the first tier of assets managed; a $500,000 asset minimum
- **Accepting new clients:** Yes (firm's website)
- **Assets under management (firm):** $28.7M across 81 accounts
- **Credentials:** CFP, RICP
- **Specialties:** Retirement planning, Tax planning
- **Works with:** Retirees, Pre-retirees
- **CRD:** 4575862 (https://adviserinfo.sec.gov/individual/summary/4575862)
- **SEC registration:** Investment adviser representative in NY, TX
- **Exams passed:** Series 63 (2002)
- **Firm size:** 1 employee
- **Disclosures:** None reported
- **Website:** https://schoolofpersonalfinance.com

## Frequently asked questions

### Is Richard McCormack a fee-only financial advisor?

Yes. Richard McCormack is listed in the NAPFA directory (NAPFA admits only fee-only advisors) and the XY Planning Network directory (XYPN members are fee-only). SEC records as of October 27, 2026 show no broker registration and no commission compensation reported by Richard's firm.

### How does Richard charge for financial advice?

Richard charges a percentage of assets, hourly fees and a one-time planning fee.

### How much does Richard charge?

According to School of Personal Finance's website, checked October 28, 2026: $300 an hour; 1% a year on the first tier of assets managed; a $500,000 asset minimum.

### Where is Richard McCormack based?

Richard McCormack is based in Yorktown Heights, New York.

### What does Richard specialize in?

Richard's specialties include retirement planning and tax planning. Richard works with retirees and pre-retirees.

### What credentials does Richard McCormack hold?

Richard McCormack holds the CFP and RICP credentials.

### Is Richard McCormack registered with the SEC?

Yes. Richard McCormack is registered as an investment adviser representative in NY and TX (CRD 4575862), per SEC Investment Adviser Public Disclosure data as of October 27, 2026.

### How much does School of Personal Finance manage?

School of Personal Finance reports $28.7M across 81 accounts in assets under management.

### How do I contact Richard McCormack?

Through Richard's website, schoolofpersonalfinance.com.

## Sources

- NAPFA directory listing (https://www.napfa.org/find-an-advisor/firm/49875): NAPFA admits only fee-only advisors
- XY Planning Network directory listing: XYPN members are fee-only
- SEC Investment Adviser Public Disclosure and Form ADV: registration, exams, and firm facts, data as of October 27, 2026
- The firm's website (https://www.schoolofpersonalfinance.com/): specialties, clients served, and fees, checked October 28, 2026

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Source: Wellspent, the public graph of fee-only advisors (https://find.wellspent.co). No paid placement.