Richard K. Colarossi, CFP®, AIF®

Richard K. Colarossi, CFP®, AIF®

Richard is an investment advisor with Commonwealth Financial Network®. With more than 20 years of experience in the financial services industry, Richard holds the CERTIFIED FINANCIAL PLANNER certification issued by the Certified Financial Planner Board of Standards, Inc. This certification holds financial planners to a strict standard of ethics and professional knowledge.

In addition, Richard has earned the Accredited Investment Fiduciary® (AIF®) designation. The AIF® designation represents a thorough knowledge of and ability to apply fiduciary practices. AIF® designees have a reputation in the industry for the ability to implement a prudent process into their own investment practices as well as others in implementing proper policies and procedures.

While attending the State University of New York, College at Old Westbury, Richard received a BS in accounting and finance and holds a certificate in financial planning from the Advanced Program of the School of Continuing Studies at C.W. Post College. Richard has also studied behavioral economics and finance theory at NYU School of Professional Development in 2010.

A career in financial planning also serves as an opportunity to become a financial educator. Richard has frequently lectured on retirement and distribution planning. He has appeared as a guest speaker on the television program Dollars & Sense to discuss advanced business planning, including buy/sell agreements and pension plans. In addition, Richard has been published in the Wall Street Journal, the Journal of Financial Planning, Financial Planner Magazine, InvestmentNews, and Long Island Business News.

The role of an independent financial planner is to help individuals and business owners understand their current situations, define future goals, and develop a strategy that is flexible and will help enable them to reach their objectives. Richard has helped provide people with meaningful solutions to a wide range of financial matters, including investment management, retirement planning, risk management, tax planning, and qualified and nonqualified retirement plans.

With access to a broad array of services, resources, and other professionals, Richard will always work within the best interests of his clients. His reputation of integrity coupled with an effort to forge long-term bonds with his clients truly makes him a partner in their financial lives.

A long-time resident of the town of Islip, Richard currently resides there with his wife, Rosalie, and daughter, Jessica. He continues to remain active in many community and school organizations.

Summit ClubRichard Colarossi is proud to have been recognized as a Summit Club advisor for 2021—a distinction based on annual production that places him among the top 20 percent of advisors affiliated with Commonwealth Financial Network.

Each year, Commonwealth, the firm we partner with to help us better serve you, recognizes Summit Club advisors by inviting them to an exclusive gathering of their peers, leading industry experts, and Commonwealth home office staff. Summit Club advisors benefit from an intensive learning and networking experience designed to help them hone their expertise, share best practices, and provide ever-higher levels of service, education, and leadership to their clients.