Richard A. Stroud
STROUD INVESTMENT CONSULTING | Vice President
Ft. Worth, TX
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CRD#: 860168
Professional summary
Richard Albert Stroud is a registered financial advisor currently at STROUD INVESTMENT CONSULTING located in Ft. Worth, Texas.
Richard is registered as an IAR (Investment Advisor Representative) and started their career in finance in 1978. Richard has worked at 6 firms and has passed the Series 65, Series 63, SIE, Series 15, Series 7, Series 10, Series 9, Series 24 and Series 8 exams.
Biography
Richard Stroud is a Vice President and Wealth Advisor with J.P. Morgan Wealth Management. He is the founder of Stroud Wealth Managers and serves the comprehensive investment management needs of high-net-worth individuals and their families, business owners, endowments, foundations and not-for-profits.
As a former business owner, Richard understands firsthand the rigors and complexities that arise from the accumulation of assets. He draws on more than 40 years of industry background to align resources against personalized goals. The fundamental principle of his approach is to place clients first and foster long-standing relationships. He is most proud of the intergenerational nature of his practice, which affords a unique perspective.
Taking an entrepreneurial path toward a career in financial services, Richard changed directions after starting a company to refine precious metals, which he developed and managed for over 10 years. In 1978, he entered the brokerage business at Paine Webber in Tulsa, Oklahoma, before becoming a Branch Manager at Smith Barney, which would later become Morgan Stanley. Through his leadership and direction, he built the branch into a successful enterprise over the course of 16 years. Richard left his role as Branch Manager and returned to Texas to focus solely on his clients in 1996, and later moved his practice to UBS in 2006. Shortly thereafter, he and his son Steven partnered together and in 2017 they joined J.P. Morgan to provide their clients with the high-touch service of a boutique organization coupled with the global financial resources of the firm.
Richard attended Texas Wesleyan University in Fort Worth and later earned the Certified Investment Management Analyst® consultant certification (CIMA®) from The Wharton School at the University of Pennsylvania. Through this intensive experience, Richard is steeped in separate account management and portfolio theory. He is a member of the Investment Management Consultants Association.
With a longtime interest in oceanography, Richard enjoys scuba diving and sailing on his boat off the coast of San Diego, California. He believes strongly in philanthropy and spent almost 20 years donating and fundraising to build the Tulsa Aquarium, having served as Vice President for its foundation. Richard's greatest joy is his family, and he values time with his sons Dallas and Steven as well as his granddaughters.
Question & Answer
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.
INSURANCE SALES
CRS (Client Relationship Summary) - RIA
Click below to view Richard Albert Stroud'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®
NoneExperience
Current
February 8, 2023 - Present
STROUD INVESTMENT CONSULTING
RIA
CRD#: 324507
Ft. Worth, TX
Past
December 5, 2017 - February 8, 2023
J.P. MORGAN SECURITIES LLC
RIA
CRD#: 79
DALLAS, TX
Past
November 30, 2017 - February 8, 2023
J.P. MORGAN SECURITIES LLC
BD
CRD#: 79
DALLAS, TX
Past
November 22, 2006 - December 11, 2017
UBS FINANCIAL SERVICES INC.
RIA
CRD#: 8174
DALLAS, TX
Past
November 22, 2006 - December 11, 2017
UBS FINANCIAL SERVICES INC.
BD
CRD#: 8174
DALLAS, TX
Past
July 31, 1993 - November 30, 2006
CITIGROUP GLOBAL MARKETS INC.
RIA
CRD#: 7059
DALLAS, TX
Past
July 31, 1993 - November 30, 2006
CITIGROUP GLOBAL MARKETS INC.
BD
CRD#: 7059
DALLAS, TX
Past
August 27, 1980 - July 31, 1993
LEHMAN BROTHERS INC.
BD
CRD#: 7506
NEW YORK, NY
Past
January 31, 1980 - August 18, 1980
UBS FINANCIAL SERVICES INC.
BD
CRD#: 8174
Past
December 1, 1978 - January 31, 1980
PAINE, WEBBER, JACKSON & CURTIS INCORPORATED
BD
CRD#: 640
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.Highlighted states indicate IAR registrations
IAR
Oklahoma(8/21/2023)
IAR
Texas(2/8/2023)
Exams
State Security Law Exam
State Security Law Exam
General Industry/Product Exam
General Industry/Product Exam
RR
Series 15
Date: 7/3/1984
Foreign Currency Options ExaminationGeneral Industry/Product Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
Principal/Supervisory Exam
RR
Series 8
Date: 1/7/1983
General Securities Sales Supervisor Examination (Options Module & General Module)Current Firm
SI
STROUD INVESTMENT CONSULTING
STROUD INVESTMENT CONSULTING | STROUD INVESTMENT CONSULTING, LLC
CRD#: 324507 / SEC#: 801-127278
RIA
Registered Investment Advisory firm - (6/1/2023 Terminated)Oklahoma
Registered Investment Advisory firm - (8/18/2023 Approved)Texas
Registered Investment Advisory firm - (5/24/2023 Approved)Upgrade to AdvisorCheck Premium
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Contact information
Main Address
Ft. Worth, TX
Mailing Address
Phone number
(817) 366-0645
Established
Firm type
Fiscal year end
# of Employees
1
Regulatory assets under management
| Total Number of Accounts | 30 |
| AUM (Assets Under Management) | $ 50,239,073 |
Red Flags
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Company Information
STROUD INVESTMENT CONSULTING
Vice PresidentCRD#: 324507Ft. Worth, TXTRUST BUT VERIFY
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Contact information
(xxx) xxx-xxxx
xxxxx@xxxx.xxx
