Retirement Resources, LLC (Auburn Hills)

Name: Retirement Resources, LLC
Address: 1625 N Opdyke Rd, Auburn Hills, MI, 48326
Telephone: 877-732-5751

Retirement Resources, LLC is a large advisory firm based in Auburn Hills. It manages $112.11 million of regulatory assets for 1,121 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Michigan.

Retirement Resources provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, 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.

Retirement Resources: assets under management

The assets under management (AUM) of Retirement Resources, LLC is $112.11 million. The firm's AUM has gone down by -10% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $94.75 million in discretionary accounts and $17.37 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $114.84 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $58.68 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Retirement Resources, LLC 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 Resources serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Retirement Resources is individuals with 324 clients and $83.64 million of assets under management. Among the 11 most similar advisory firms, Retirement Resources has the 4th highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $112.11 million for 343 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 Resources doesn't advise any private funds.

Careers at Retirement Resources, LLC

The company employs 8 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. 3 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
David Martin Boike	Managing member and chief compliance officer	1 Oct 2009	75% - 100%	1034000

Based in Auburn Hills

The principal office where Retirement Resources, LLC performs its advisory services is located at 1625 N Opdyke Rd, Auburn Hills, MI 48326, 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 877-732-5751 or by fax 248-481-2987. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at theretirementresourcegroup.org.