Back to top

Richard Charles Eddy

Your Needs. Your Goals. Your Values. Better Solutions.

Change Path LLC

La Verne

CA

Contact Me

Overview

Services

Advisor Services

  • Financial Planning
    • -Estate Planning
    • -Comprehensive Financial Planning
    • -Retirement Planning
    • -College Planning
    • -Charitable Planning
    • -Other Financial Planning
  • Insurance
    • -Life Insurance
    • -Health Insurance
    • -Annuities
  • Portfolio Management
    • -Individuals and/or Small Businesses

Qualifications

Experience

No timeline events available.
Employer Years Dates
Change Path LLC 1 year, 8 months Jul 2018 - Present
Cona Investment Advisors, LLC 9 years, 8 months Jul 2010 - Present
Cona Investment Advisors, LLC (154483) 8 years, 1 month Jul 2010 - Aug 2018
Intersecurities/Tfa. 2 years, 2 months Nov 2007 - Jan 2010
Ind. Insurance Agent 14 years, 10 months May 2005 - Present

Designations & Memberships

Membership information not available

Articles and Answers

Insights by Richard Eddy

Active vs. Passive Portfolio Management
Published 2014-08-08 14:49:17
What's the Value of a Financial Advisor?
Published 2014-06-25 11:56:51
    *Articles are published by advisors without compensation.

    Answers

    Ask a financial questionAsk a question
    Currently I'm deducted 3% from each paycheck. I would like to increase % Please tell me how I can do this.
    The answer to your question depends on your plan and your employer. It's possible with many plans to establish online access to your retirement account, where you will then be able to adjust your contributions. If that option isn't available, your human resources department should be able to help yo...  (more)
    Answered Aug 2014
    X% of fee on portfolio value and commission on each trade.
    It's unusual for an advisor to earn both a commission and charge a fee for the same investments. If you see that you are paying both, ask your advisor about it. Chances are that you are paying your advisor a fee (probably a percentage of the assets under management) and the custodian is charging a c...  (more)
    Answered Jun 2014
    What is my plan worth?
    Daniel, I'm afraid that you are going to have to provide a bit more information about what it is you want to know. If you are talking about an employer-sponsored retirement plan, you should contact your employer's human resources department. They should be able to give you the information you are lo...  (more)
    Answered Jul 2014
    Fee structures; what is normal?
    An AUM fee of 1.5% is within the normal range for an account of the size you indicated, although they are at the high end of the range in my experience. Here are a few things to think about when considering the advisory fees that you are paying:What services are your advisor providing as a part of ...  (more)
    Answered Jun 2014
    Should I borrow against my 401k for a first time home loan? Currently living in Southern CA and thinking about an?
    Tina, I have had a few clients do what you are thinking about doing over the years and it has never worked out as they expected. Borrowing from your 401k should be an "emergency only" action. Unfortunately, once money goes into a 401k, you lose a great deal of liquidity and thus, the ability to do s...  (more)
    Answered Jun 2014
    Is a bi-weekly mortgage a good idea?
    I am not a fan of the bi-weekly mortgage programs offered by banks. You can, as others have indicated, create the same payoff schedule by simply sending extra principal payments with your mortgage payment each month. That is, if your goal is to pay your mortgage off early...I think that everyone sh...  (more)
    Answered Jun 2014
      *Answers are submitted by advisors without compensation.

      Licenses & Conducts

      SEC
      U.S. Securities and Exchange Commission
      • license status
        Registered
      • disclosures
        None
      • as of date
        Jan 20, 2020
      FINRA
      FINRA
      • license status
        Not registered
      • disclosures
        None
      • as of date
        Feb 21, 2019
      Review the status and details of the disclosures noted above using the SEC's Investment Advisor Public Disclosure website:

      Assets

      Change Path LLC

      Last updated on Feb. 6, 2020
        • $443.8M
          Total Assets Under Management
        • N/A
          Total Assets Under Advisement
        • 6K
          Accounts
        • $76.5K
          Estimated Average Account Balance

      Fees

      Types of Compensation Arrangements