Retirement Income Solutions, Inc. (Ann Arbor)

Name: Retirement Income Solutions, Inc.
Address: 2301 Platt Road, Ann Arbor, MI, 48104
Telephone: 734-769-7727

Retirement Income Solutions, Inc. is a large advisory firm based in Ann Arbor. It manages $1.71 billion of regulatory assets for 1,196 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

Retirement Income Solutions provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Retirement Income Solutions: assets under management

The assets under management (AUM) of Retirement Income Solutions, Inc. is $1.71 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 201% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.71 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.43 million each.

Retirement Income Solutions has custody of $47.74 million in cash and securities for 130 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 53% of the total AUM. The second-largest asset type is other assets, which make up 35% of the firm’s portfolio. Investments in exchange traded securities form 9% of the total invested assets.

Fees & Commissions

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

What kind of clients Retirement Income Solutions serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Retirement Income Solutions is high net worth individuals with 553 clients and $1.39 billion of assets under management. Among the 9 most similar advisory firms, Retirement Income Solutions has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.71 billion for 1,196 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.

Retirement Income Solutions doesn't advise any private funds.

Careers at Retirement Income Solutions, Inc.

The company employs 17 people that are either part- or full-time employees. 82 percent of the employees work as investment advisers or researchers. 10 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Griffith Mcdonald	Chief compliance officer	1 Oct 1993	Other	1038912
Kenneth Larry Hastie	Managing director	1 Oct 1993	Other	1131518
R. Griffith Mcdonald Trust Uad 10/18/2005	Shareholder	1 Dec 2000	50% - 75%	xxx-xx-xxxx
Kenneth Larry Hastie Trust Uad 10/4/2000	Shareholder	1 Dec 2000	25% - 50%	38-6498610
Brock Elliot Hastie	Shareholder & vp	1 Jun 2005	Other	5013896
Brock Elliot Hastie	Managing partner	1 Jul 2012	50% - 75%	5013896
Harrison Todd Kephart	Managing partner	1 Jul 2012	25% - 50%	2271846
Karen Ann Chapell	Managing partner	1 Jul 2012	Other	2287437
John Burton Goff	Managing partner & chief compliance officer	1 Jul 2012	Other	2483016
Brock Elliot Hastie	Managing partner	1 Aug 2012	50% - 75%	5013896
Harrison Todd Kephart	Managing partner	1 Aug 2012	25% - 50%	2271846
Karen Ann Chapell	Managing partner	1 Aug 2012	Other	2287437
John Burton Goff	Managing partner & chief compliance officer	1 Aug 2012	Other	2483016
Russell Allan Holznague	Chief operations officer	1 Oct 2014	Other	5491288
Russell Alan Holznagle	Chief operations officer	1 Oct 2014	Other	5491288

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Griffith Mcdonald	Trustee	1 Dec 2000	50% - 75%	1038912
Kenneth Larry Hastie	Trustee	1 Dec 2000	25% - 50%	1131518

Based in Ann Arbor

The principal office where Retirement Income Solutions, Inc. performs its advisory services is located at 2301 Platt Road, Ann Arbor, MI 48104, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 734-769-7727 or by fax 734-662-6680. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at risadvisory.com.