Retirement Asset Advisory Inc (Arlington)

Retirement Asset Advisory Inc is a large advisory firm based in Arlington. It manages $173.64 million of regulatory assets for 88 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Texas.

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

Retirement Asset Advisory: assets under management

The assets under management (AUM) of Retirement Asset Advisory Inc is $173.64 million. The firm's AUM has grown by 128% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $12.19 million in discretionary accounts and $161.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $937.49 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.15 million.

Investments

The firm invests in investment and business development companies the most. They account for 69% of the total AUM. The second-largest asset type is other assets, which make up 26% 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 Asset Advisory Inc 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 William David Worley serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of William David Worley is pension and profit sharing plans with 59 clients and $160.61 million of assets under management. Among the 6 most similar advisory firms, Retirement Asset Advisory has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $173.64 million for 83 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 Asset Advisory doesn't advise any private funds.

Careers at Retirement Asset Advisory Inc

The company employs 2 people that are either part- or full-time employees. 100 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.

William David Worley has been acting as President since 1 Dec 1995. John David Cole joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William David Worley	President/chief compliance officer	1 Dec 1995	50% - 75%	1644925
John David Cole	Vice-president	1 Dec 1995	50% - 75%	2706960

Based in Arlington

The principal office where Retirement Asset Advisory Inc performs its advisory services is located at 5840 Interstate 20 West, Arlington, TX 76017, 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 817-697-8506. The normal business hours are 9:00am - 5:00pm on Monday - Friday.