Richard McCormack
School of Personal Finance · Yorktown Heights, New York
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.
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Specialties
Who they serve
- Retirees
- Pre-retirees
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 |
| Assets under management | $28.7M across 81 accounts |
| Credentials | CFP · RICP |
| SEC registration | Investment adviser representative in NY, TX · CRD 4575862 |
| Exams passed | Series 63 (2002) |
| Firm size | 1 employee |
| Disclosures | None reported |
| Website | schoolofpersonalfinance.com |
| Profile |
How Richard's firm compares
- The hourly rate is $300, in line with the New York median of $300 for fee-only firms that publish prices.
- School of Personal Finance's average account is about $354,000, from its Form ADV (assets managed divided by 81 accounts).
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Questions about Richard
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.
What these terms mean: fee-only · fiduciary · CFP · CRD number · all terms
Where this information comes from
- NAPFA directory listing : NAPFA admits only fee-only advisors
- XY Planning Network directory listing : XYPN members are fee-only
- School of Personal Finance website : specialties, clients served, and fees, checked October 28, 2026
- SEC Investment Adviser Public Disclosure : registration, exams, and the firm's Form ADV, data as of October 27, 2026
- Directory listing last checked April 21, 2026.
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