The Retirement Group, LLC (San Diego)


The Retirement Group, LLC is a large advisory firm based in San Diego. It manages $264.18 million of regulatory assets for 1,773 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 21 other states.

The Retirement Group provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, and educational seminars and workshops. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Retirement Group: assets under management

The assets under management (AUM) of The Retirement Group, LLC is $264.18 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 916% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $264.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $149 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 45% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 44% of the firm’s portfolio. Investments in cash and cash equivalents form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Retirement Group, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients The Retirement Group serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of The Retirement Group is individuals with 1,685 clients and $199.44 million of assets under management. Among the 10 most similar advisory firms, The Retirement Group has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $264.18 million for 1,733 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.

The Retirement Group doesn't advise any private funds.

Careers at The Retirement Group, LLC

The company employs 30 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 25 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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 don’t receive compensation from other entities for client referrals.

James Joseph Dempsey has served as the Chief Investment Officer since 1 Oct 2013. Ronald Joseph Harpootlian joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
John Alexander Jastremski Managing member 1 Aug 2008 75% - 100% 1291024
Ronald Joseph Harpootlian Chief compliance officer 1 Aug 2008 50% - 75% 2352505
James Joseph Dempsey Chief compliance officer 1 Jul 2013 Other 1395637
James Joseph Dempsey Chief investment officer 1 Oct 2013 Other 1395637
Ria M Gost Chief compliance officer 1 Oct 2013 Other 2762417
Fred Anthony Princiotta Chief compliance officer 1 Nov 2013 Other 711947
Erik Jens Larsen Chief compliance officer 1 Nov 2014 Other 4851114
Ronald Joseph Harpootlian Chief compliance officer 1 Aug 2019 Other 2352505

Based in San Diego

The principal office where The Retirement Group, LLC performs its advisory services is located at 5414 Oberlin Dr., San Diego, CA 92121 The mailing address of the firm is 5414 Oberlin Dr., San Diego, CA 92121. An additional office of the firm is in Yardley, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-900-5867 or by fax 866-936-0750. The normal business hours are 7:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at theretirementgroup.com.