Retirement Strategies, Inc. (Jacksonville)

Name: Retirement Strategies, Inc.
Address: 10751 Deerwood Park Boulevard, Jacksonville, FL, 32256
Telephone: 904-730-3863

Retirement Strategies, Inc. is a large advisory firm based in Jacksonville. It manages $340.88 million of regulatory assets for 1,146 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Florida, Georgia, and South Carolina.

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

Retirement Strategies: assets under management

The assets under management (AUM) of Retirement Strategies, Inc. is $340.88 million. The firm's AUM has grown by 374% since the beginning of its operation, and $440.47 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $324.2 million in discretionary accounts and $16.69 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $286.14 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.28 million.

Retirement Strategies has custody of $110.78 million in cash and securities for 135 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 18% of the firm’s portfolio. Investments in state and local bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Retirement Strategies, 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 Sheldon Hart serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, and pension and profit sharing plans. The largest group of clients of William Sheldon Hart is high net worth individuals with 146 clients and $268.68 million of assets under management. Among the 12 most similar advisory firms, Retirement Strategies has the 6th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $340.88 million for 377 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Retirement Strategies doesn't advise any private funds.

Careers at Retirement Strategies, Inc.

The company employs 10 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 10 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.

William Sheldon Hart has been acting as President since 1 Jan 1994. Llc Retirement Strategies joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James William Carr	Secretary	1 Jan 1994	Other	1967526
William Sheldon Hart	President	1 Jan 1994	Other	2327251
Mary Beth Neeley	Chief compliance officer	1 Feb 2005	Other	1763380
Marybeth Neeley	Chief compliance officer	1 Feb 2005	Other	1763380
Llc Retirement Strategies	Shareholder	1 Jul 2005	75% - 100%	20-3320123

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
James William Carr	Member	1 Jul 2005	25% - 50%	1967526
William Sheldon Hart	Member	1 Jul 2005	25% - 50%	2327251

Based in Jacksonville

The principal office where Retirement Strategies, Inc. performs its advisory services is located at 10751 Deerwood Park Boulevard, Jacksonville, FL 32256, 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 904-730-3863 or by fax 904-730-5177. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at rsiretirement.com.