Transamerica Retirement Advisors, LLC (St Paul)

Name: Transamerica Retirement Advisors, LLC
Address: 408 St Peter St, St Paul, MN, 55101
Telephone: 866-368-0566

Transamerica Retirement Advisors, LLC is a large advisory firm based in St Paul. It manages $5.43 billion of regulatory assets for 47,657 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 49 other states.

Transamerica Retirement Advisors provides portfolio management for individuals and small businesses, pension consulting services, and educational seminars 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.

Transamerica Retirement Advisors: assets under management

The assets under management (AUM) of Transamerica Retirement Advisors, LLC is $5.43 billion. The firm's AUM has grown by 44% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.01 billion in discretionary accounts and $1.42 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $112.19 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $119.02 thousand.

Transamerica Retirement Advisors has custody of $4.16 billion in cash and securities for 35,723 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 41% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 36% of the firm’s portfolio. Investments in exchange traded securities form 23% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Transamerica Retirement Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ricky Bart Resnik serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Ricky Bart Resnik is individuals with 47,620 clients and $2.72 billion of assets under management. Among the 7 most similar advisory firms, Transamerica Retirement Advisors has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $5.43 billion for 47,657 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.

Transamerica Retirement Advisors doesn't advise any private funds.

Careers at Transamerica Retirement Advisors, LLC

The company employs 416 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 287 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Ricky Bart Resnik has been acting as President since 1 Oct 2004. Robert O Mcbride joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ricky Bart Resnik	Director	1 Oct 2004	Other	2070308
Transamerica Retirement Solutions Corporation	Sh	1 Jul 2011	75% - 100%	13-3689044
Philip Sherman Eckman	President & chief executive officer & chairman of the board	1 Oct 2013	Other	2789285
Joseph Peter Carusone	Vice president & treasurer	1 Oct 2013	Other	3253050
Marijn Paul Smit	Senior vice president	1 Oct 2013	Other	6283676
Timothy Jeremiah Bresnahan	Director	1 May 2015	Other	2317323
Alison Colleen Ryan	Secretary	1 May 2015	Other	5910848
Kori Diane Cusick	Chief compliance officer	1 Sep 2016	Other	2133755
Jay Allen Hewitt	Vice president	1 Sep 2016	Other	1687429
William Alfred Noyes	Vice president	1 Sep 2016	Other	2399794
Jeremy L. Hersch	Vice president	1 Sep 2016	Other	4839668
Jason Chad Fields	Vice president	1 Sep 2016	Other	3104388
David Wade Hopewell	Vice president	1 Feb 2017	Other	4353453
Robert O Mcbride	Vice president	1 Feb 2018	Other	4491065
Ricky Bart Resnik	Chief compliance officer	1 Jun 2019	Other	2070308

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Aegon Nv	Sh	1 Oct 1936	75% - 100%	foreign
Aegon International B.V.	Sh	1 Oct 1936	75% - 100%	foreign
Aegon Us Holding Corporation	Sh	1 May 1986	75% - 100%	13-335-0744
Ausa Holding Llc	Sh	1 Jun 1986	75% - 100%	52-154-9874
Ausa Holding Company	Sh	1 Jun 1986	75% - 100%	52-154-9874
The Aegon Trust	Sh	1 Jul 1986	75% - 100%	foreign
Llc Aegon Usa	Sh	1 Feb 1988	75% - 100%	42-131-0237
Transamerica Corporation	Sh	1 Dec 2004	75% - 100%	42-149-6490

Based in St Paul

The principal office where Transamerica Retirement Advisors, LLC performs its advisory services is located at 408 St Peter St, St Paul, MN 55101, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 866-368-0566. The normal business hours are 9:00 a.m. - 4:30 p.m. on Monday - Friday. You can find more information about the New York firm at retiretransamerica.com.