Transamerica Retirement Advisors, LLC
Assets Under Management
$16.2B
Number of Clients
212,858
Number of Advisors
285
Average Client AUM
$76K
AUM per Advisor
$56.7M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
TRA provides managed asset allocation services (TPMM) to help clients prepare for and transition through retirement. TAC Advisors assess client needs and recommend appropriate TPMM strategies. TRA offers access to model portfolios through AssetMark, who selects various investment management firms to develop and maintain allocations among securities and other investments.
Fee Structure
You'll be charged an advisory fee ranging from 0.75% to 1.30% annually, based on your account's average daily value and the model selected. This fee is not negotiable and is debited quarterly in advance. TRA typically receives between 0.55% and 0.75% of the total advisory fee. The advisory fee does not cover brokerage fees, transaction charges, or the fees and expenses charged by mutual funds and ETFs. Minimum account balances range from $10,000 to $75,000 depending on the model, but may be waived in certain instances.
Areas of Practice
Location
6400 C Street Sw, Cedar Rapids, IA, 52499