From the December 2006 issue of Investment Advisor • Subscribe!

December 1, 2006

Richard Manchester

Wave Wealth Management

479 Ocean Avenue, Suite D

Laguna Beach, California 92651

Phone: 949-497-9100

Richard@wavewealth.com

Year practice began: 2006

Number of advisor in firm: 1, plus three-person support staff

Number of clients: 30

Compensation method: Fee-only

Fee for managing assets: 75 basis points ($1 million minimum), plus trading costs

AUM: $30 million in portfolio assets; $20 million in private equity assets

Licenses and Certifications: Certified Fund Specialist; Series 7 and Series 24 licenses

Education: BS, Business Administration, California Polytechnic University: JD, Western State University, College of Law

Professional involvement: Financial Planning Association, Orange County Chapter

Previous incarnations: Financial advisor, Prudential Insurance; Richard Manchester Asset Management; director of asset management and shareholder, Worldwide Investment Network; principal, Sentinel Capital Management, Inc., consultant to CPA and forensic accounting firms

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