Girard Securities Representative Richard Manchester Rides the Wave to Success

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Richard Manchester, a registered representative of Girard Securities, launches his wealth management firm and advocates private equity investments.

Richard Manchester of Laguna Beach was recently the topic of an article in the Investment Advisor Magazine. Manchester, who has lived in Laguna Beach for the past 25 years, where most of his clients reside, recently embarked on a new firm - Wave Wealth Management.

Launched this past March, the firm is named from his love of surfing. That client loyalty helps explain that while Wave Wealth Management is less than a year old, it already has about $30 million in portfolio assets under management and another $20 million in private equity, for around 30 clients.

Manchester's approach is to place 70% to 75% of each client's investable assets in marketable securities such as index-based ETFs and DFA mutual funds. Many of Manchester's clients have been with him in excess of 10 years and up to 20 years. They are his "favorite clients." He began his career as a financial planner in the insurance business. He later started his own firm, Manchester Financial. As he continued with his different ventures, he had much help and brought along a core of clientele.

For those clients he provides wealth management services, which Manchester defines as coordination of all the client's financial activities. He has a strategic alliance with a CPA firm to provide his clients with tax services and for those with more than $2 million in assets, tax preparation is included in the management fee of 75 basis points. Clients with between $1 million and $2 million pay the same 75 basis points for asset management, but must pay an additional fee for the tax service.

Manchester believes his business will continue growing for years to come.

Manchester's attraction to Girard Securities is the integrity of the owners and officers as well as their ability and desire to foster an entrepreneurial and flexible B/D- Rep relationship.

About Girard Securities

Girard Securities is an independent broker/dealer located in San Diego, CA. Girard has the philosophy of putting the interests of the client first. The business was founded with the intent of providing the highest level of service attainable through personal relationships. The core values of the business consist of: Trust, Integrity, Relationships, Respect, Honesty, and a Commitment to Excellence. Girard Securities shares your entrepreneurial spirit and are partners in your vision. Please visit


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