Mbg Retirement, Inc. (Houston)

Name: Mbg Retirement, Inc.
Address: 11700 Katy Freeway, Houston, TX, 77079
Telephone: 713-693-1650

Mbg Retirement, Inc. is a pension cosultant based in Houston. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Louisiana and Texas.

Mbg Retirement provides pension consulting services and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mbg Retirement, Inc. for their services and products based on a percentage of assets under management 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 James Russell Reid serves?

The only and largest group of clients of James Russell Reid is pension and profit sharing plans with 40 clients and $0 of assets under management. Among the 2 most similar advisory firms, Mbg Retirement has the highest percentage of pension and profit sharing plans out of all clients.

None of the firm’s clients are foreign persons or businesses.

Mbg Retirement doesn't advise any private funds.

Careers at Mbg Retirement, Inc.

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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.

James Russell Reid has been acting as President since 1 Sep 2008. Gayla Berry Gaudette joined the executive team most recently as the Sr. Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Patricia Kelly Somoza	President & chief compliance officer	1 Jan 2000	Other	850354
James Byrn Ledbetter	Secretary/treasurer	1 Mar 2002	Other	2437238
Lorinda Beth Madison	Senior vice president	1 Mar 2002	75% - 100%	2230662
Dee Ann Pederson	Senior vice president	1 Mar 2002	Other	2238529
James Russell Reid	Chairman	1 Sep 2008	Other	5601848
James Anthony Krause	Senior vice president	1 Sep 2008	Other	5601853
Anthony James Haas	Vice president	1 Sep 2008	Other	5601855
Inc. Higginbotham Insurance Agency	100% shareholder of mbg retirement, inc.	1 Sep 2008	75% - 100%	26-0879999
Inc. Madison Benefits Group	100% shareholder	1 Sep 2008	75% - 100%	26-3296394
Gayla Berry Gaudette	Sr. vice president	1 Mar 2015	Other	2983933

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Hig Holdings	100% shareholder of higginbotham insurance agency, inc.	1 Aug 2007	75% - 100%	14-2004508
Inc. Higginbotham Insurance Agency	100% shareholder of madison benefits group, inc.	1 Aug 2008	75% - 100%	26-0879999

Based in Houston

The principal office where Mbg Retirement, Inc. performs its advisory services is located at 11700 Katy Freeway, Houston, TX 77079, 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 713-693-1650 or by fax 281-664-3001. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at higginbotham.net.