The Retirement Solution Inc. (Redmond)

Name: The Retirement Solution Inc.
Address: 18300 Redmond Way, Redmond, WA, 98052
Telephone: 425-558-3700

The Retirement Solution Inc. is a large advisory firm based in Redmond. It manages $156.01 million of regulatory assets for 1,395 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 5 other states.

The Retirement Solution provides financial planning services, portfolio management for individuals and small businesses, selection of other advisers, publication of newsletters, and consulting. It prepares financial plans for approximately 659 clients. On top of advisory services, the firm doesn't engage in other business activities.

The Retirement Solution: assets under management

The assets under management (AUM) of The Retirement Solution Inc. is $156.01 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 26% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $156.01 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $111.83 thousand each.

Investments

The firm invests in investment and business development companies the most. They account for 77% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Retirement Solution Inc. for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients James Leroy Black serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of James Leroy Black is high net worth individuals with 405 clients and $94.56 million of assets under management. Among the 9 most similar advisory firms, The Retirement Solution has the lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $156.01 million for 562 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.

The Retirement Solution doesn't advise any private funds.

Careers at The Retirement Solution Inc.

The company employs 29 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. 13 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.

James Leroy Black has been acting as President since 1 Aug 2008. Carin Diane Sevigny joined the executive team most recently as the Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
James Leroy Black	Chief compliance officer/president/treasurer/chairman	1 Aug 2008	75% - 100%	2156347
Carin Diane Sevigny	Vice president	1 Nov 2016	Other	6108800

Based in Redmond

The principal office where The Retirement Solution Inc. performs its advisory services is located at 18300 Redmond Way, Redmond, WA 98052, which is also the mailing address of the firm. An additional office of the firm is in Kennewick, WA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 425-558-3700 or by fax 425-274-0955. The normal business hours are 08:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at bbb.org/western-washington/business-reviews/retirement-planning-services/the-retirement-solution-inc-in-redmond-wa-2.