Richard handles most of the financial affairs for a select group of families and privately held businesses in Chicago and certain areas of the country.
Richard develops personalized advice to address the complex needs of individuals, families (often inter-generational) and business owners using a goals-based wealth management approach. This leads to managing client wealth to achieve outcomes that are personally meaningful to his clients.
By focusing on the goals of the clients he comes to understand the specific situations of the people and businesses he works with. Using such diverse disciplines as wealth transfer, cash management, insurance and debt management, he brings the latest knowledge to his clients so they can achieve their goals.
In partnership with his clients, he helps them articulate their needs and goals, recommends strategies based upon the clients risk tolerance, time horizon, liquidity needs and overall investment goals and review the progress made toward reaching those goals.
Entrepreneurial business owners know their personal finances are entirely dependent on their business success. Implementing a custom business retirement plan best suited to fit the owner(s) and the needs of the employees can help owners plan more effectively for their future and prepare for a more fulfilling retirement.
Retirement plans can be used to attract, retain and reward valuable employees as well as potentially protect assets from creditors. Richard brings the latest knowledge about privately-held business retirement plans and strategies to develop custom recommendations that meet the needs of the company owner and the employees. With more retirement plan options than ever before, Richard will help you sort through the many complex choices and find the specific strategy that works best for you.
With all things financial, there is an extraordinary need for privacy and all discussions and portfolio activity are held in the strictest of confidence
Richard O'Hara, Financial Advisor, has a business background of more than 25 years. His business career started with Becton Dickinson Consumer Products (BD) where he served in increasing responsibilities and locations (5)over a 10 year period, culminating with a move to Chicago as National Accounts Manager; Midwest Region in 1993. Richard was Becton Dickinson's 1986 Winners Circle Award recipient.
After BD, he spent 15 years in the generic pharmaceutical arena where he last served as Vice President, Sales & Marketing at Morton Grove Pharmaceuticals. He was responsible for the $100,000,000 annual sales budget and headed all activities of the Sales and Marketing groups. Additionally, he reported quarterly to the 'private equity' owners of Morton Grove and had significant interaction and exposure to the world of private equity. As part of the senior management team, Richard played a role in the sale of Morton Grove to a Mumbai, India based concern in 2007.
After the sale of Morton Grove, Richard was approached to join the Financial Services industry. The experience he gained from those 25 years in business combined with the the latest in training at Merrill Lynch, positions him to best understand the needs of business owners and individual investors.
Richard earned a B.A. from Ohio Wesleyan University in Delaware, OH and an M.B.A. from Northeastern University in Boston, MA. Richard served as a National Director on the Ohio Wesleyan Alumni Board and locally as co-Chairman of the Chicago Leadership Board.
Richard has earned the professional designation of Chartered Retirement Planning Counselor(SM).
He is Founder and Host of the annual 'Charity Golf Classic' which for the last 4 years has raised funds to battle pediatric cancer. Richard lives in Western Springs and is active in local community organizations and has a son attending the University of South Carolina.
Terri Adams has a total of 23 years at Merrill Lynch with experience in both operations as Service Manager and on the sales side as Registered Senior Client Associate. She graduated from the University of Illinois with a major in Marketing and a minor in Management. Terri lives in Downers Grove where she enjoys cooking and gardening.
Chartered Retirement Planning CounselorSM and CRPC® are registered service marks of the College for Financial Planning.