Retiree Investment Advisers, Inc. (Ormond Beach)


Retiree Investment Advisers, Inc. is a large advisory firm based in Ormond Beach. It manages $27.9 million of regulatory assets for 224 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdictions of Colorado, Florida, Georgia, and 4 other states.

Retiree Investment Advisers provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Retiree Investment Advisers: assets under management

The assets under management (AUM) of Retiree Investment Advisers, Inc. is $27.9 million. The firm's AUM has grown by 2% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $27.29 million in discretionary accounts and $617.08 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $124.59 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $123.42 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Retiree Investment Advisers, Inc. for their services and products based on a percentage of assets under management and hourly charges. 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.

Careers at Retiree Investment Advisers, Inc.

Retiree Investment Advisers, Inc. is owned by Michael H. Mastowski. David Dean Holland has been acting as President since 1 Jul 1997. Kalon Mark Hoard joined the executive team most recently as the Vice President & Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Dean Holland President 1 Jul 1997 75% - 100% 2612007
Beth Watts Dominguez Vice president 1 Jun 2005 Other 4089690
Kalon Mark Hoard Vice president & chief compliance officer 1 Nov 2006 Other 4182008
Michael H. Mastowski Owner 1 May 2008 50% - 75% 5537355

Based in Ormond Beach

The principal office where Retiree Investment Advisers, Inc. performs its advisory services is located at 1275 W. Granada Blvd., Ormond Beach, FL 32174, which is also the mailing address of the firm. An additional office of the firm is in Williamsburg, MI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 386-671-1245 or by fax 386-671-1345. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at www.hollandfinancial.com.