Fortress Retirement, Inc. (Culver City)

Name: Fortress Retirement, Inc.
Address: 9696 Culver Blvd, Culver City, CA, 90232
Telephone: 310-899-0606

Fortress Retirement, Inc. is a large advisory firm based in Culver City. It manages $145.96 million of regulatory assets for 460 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of California and Texas.

Fortress Retirement provides financial planning services, portfolio management for individuals and small businesses, 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.

Fortress Retirement: assets under management

The assets under management (AUM) of Fortress Retirement, Inc. is $145.96 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 27% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $145.96 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $317.3 thousand each.

Fortress Retirement has custody of $57.42 million in cash and securities for 159 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 59% of the total AUM. The second-largest asset type is exchange traded securities, which make up 29% 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 Fortress Retirement, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Fortress Retirement serves?

The firm provides services to individuals, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Fortress Retirement is high net worth individuals with 38 clients and $86.75 million of assets under management. Among the 8 most similar advisory firms, Fortress Retirement has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $145.96 million for 222 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.

Fortress Retirement doesn't advise any private funds.

Careers at Fortress Retirement, Inc.

The company employs 6 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 3 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ann Elaine Nimmo	Secretary treasurer	1 Mar 2008	Other	5487922
Arlie Wilson Green	Chief compliance officer	1 May 2012	75% - 100%	1433044

Based in Culver City

The principal office where Fortress Retirement, Inc. performs its advisory services is located at 9696 Culver Blvd, Culver City, CA 90232 The mailing address of the firm is 9696 Culver Blvd, Culver City, CA 90232. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-899-0606 or by fax 310-899-0606. The normal business hours are 9-5 on Monday - Friday. You can find more information about the New York firm at fortressretirement.com.