Transamerica Retirement Advisors, LLC is a large advisory firm based in St Paul. It manages $5.43 billion of regulatory assets for 47,657 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.
Transamerica Retirement Advisors provides portfolio management for individuals and small businesses, pension consulting services, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Transamerica Retirement Advisors, LLC is $5.43 billion. The firm's AUM has grown by 44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Transamerica Retirement Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Ricky Bart Resnik is individuals with 47,620 clients and $2.72 billion of assets under management. Among the 7 most similar advisory firms, Transamerica Retirement Advisors has the highest percentage of individuals out of all clients.
The amount of regulatory assets under management is $5.43 billion for 47,657 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Transamerica Retirement Advisors doesn't advise any private funds.
The company employs 416 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 287 employees are registered as investment adviser representatives with the state securities authorities.
There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Ricky Bart Resnik has been acting as President since 1 Oct 2004. Robert O Mcbride joined the executive team most recently as the Vice President.
The principal office where Transamerica Retirement Advisors, LLC performs its advisory services is located at 408 St Peter St, St Paul, MN 55101, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 866-368-0566. The normal business hours are 9:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at retiretransamerica.com.