Retirement Plan Advisors, LLC (Chicago)


Retirement Plan Advisors, LLC is a large advisory firm based in Chicago. It manages $581.01 million of regulatory assets for 7,420 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama, Arizona, Arkansas, and 25 other states.

Retirement Plan Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, 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.

Retirement Plan Advisors: assets under management

The assets under management (AUM) of Retirement Plan Advisors, LLC is $581.01 million. The firm's AUM has grown by 2805% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $580.03 million in discretionary accounts and $974.95 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $78.22 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $194.99 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is exchange traded securities, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Retirement Plan Advisors, 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 Christopher Joseph Mcgrath serves?

The firm provides services to individuals, high net worth individuals, and state or municipal government entities. The largest group of clients of Christopher Joseph Mcgrath is state or municipal government entities with 108 clients and $403.66 million of assets under management. Among the 9 most similar advisory firms, Retirement Plan Advisors has the highest percentage of state or municipal government entities out of all clients.

The amount of regulatory assets under management is $581.01 million for 7,420 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 Plan Advisors doesn't advise any private funds.

Careers at Retirement Plan Advisors, LLC

The company employs 34 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 33 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Christopher Joseph Mcgrath has been acting as President since 1 Sep 2001. Mark H Delfs has served as the Chief Investment Officer since 1 Jan 2013 and Joshua Fischel Schwartz is the Chief Executive Officer of Retirement Plan Advisors, LLC family office. Vernon Jude Kempker joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Christopher Joseph Mcgrath President 1 Sep 2001 25% - 50% 1121169
Joshua Fischel Schwartz Treasurer 1 Sep 2001 25% - 50% 1730472
James Thomas O'connor Secretary 1 Sep 2001 25% - 50% 1052483
Christopher Joseph Mcgrath Chief operations officer 1 Feb 2011 Other 1121169
Joshua Fischel Schwartz Chief executive officer 1 Feb 2011 Other 1730472
James Scott Morper Chief compliance officer 1 Feb 2011 Other 4264774
James Thomas O'connor Chief financial officer 1 Feb 2011 25% - 50% 1052483
Mark H Delfs Chief investment officer 1 Jan 2013 Other 1675789
Vernon Jude Kempker Chief financial officer 1 Jan 2014 Other 5622110
Inc. Retirement Plan Advisors Group Parent holding company 1 Jan 2014 75% - 100% 46-4336480
Kip Barry Robbins Chief investment officer 1 Sep 2017 Other 4511971
Vernon Jude Kempker Chief compliance officer 1 Dec 2018 Other 5622110

Based in Chicago

The principal office where Retirement Plan Advisors, LLC performs its advisory services is located at 105 West Adams, Chicago, IL 60603 6275, which is also the mailing address of the firm. An additional office of the firm is in Janesville, WI. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-701-1100 or by fax 312-701-1105. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at retirementplanadvisors.com.