Retireright, LLC (West Des Moines)

Name: Retireright, LLC
Address: 2001 Westown Pkwy, West Des Moines, IA, 50265
Telephone: 515-868-0309

Retireright, LLC is a large advisory firm based in West Des Moines. It manages $135.86 million of regulatory assets for 159 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Iowa, Michigan, Minnesota, and Nebraska.

Retireright provides financial planning services and portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Retireright: assets under management

The assets under management (AUM) of Retireright, LLC is $135.86 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $134.79 million in discretionary accounts and $1.07 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $898.62 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $118.37 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Retireright, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Retireright serves?

The firm provides services to individuals, charitable organizations, and pension and profit sharing plans. The largest group of clients of Retireright is pension and profit sharing plans with 7 clients and $102.96 million of assets under management. Among the 10 most similar advisory firms, Retireright has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $135.86 million for 109 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.

Retireright doesn't advise any private funds.

Careers at Retireright, LLC

The company employs 4 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No 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 don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Ray Ormord	Managing member	1 Feb 2019	25% - 50%	2470919
Henry Danforth Kinney	Managing member	1 Feb 2019	25% - 50%	2009424
Dirk Matthew Dixon	Managing member	1 Feb 2019	25% - 50%	2908497
Richard C Gromis	Chief compliance officer	1 Feb 2019	Other	6121219
Llc Glhc	Member	1 Feb 2019	25% - 50%	83-2697217
Richard Gromis	Chief compliance officer	1 Feb 2019	Other	6121219
Richard Carl Gromis	Chief compliance officer	1 Feb 2019	Other	6121219

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Conor Francis Delaney	Member	1 Dec 2018	25% - 50%	5193222
Courtnie Elizabeth Nein	Member	1 Dec 2018	25% - 50%	5427850

Based in West Des Moines

The principal office where Retireright, LLC performs its advisory services is located at 2001 Westown Pkwy, West Des Moines, IA 50265, which is also the mailing address of the firm. An additional office of the firm is in Dubuque, IA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 515-868-0309. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at uretireright.com/ and its LinkedIn profile.