Guidance Point Retirement Services, LLC (Portland)

Name: Guidance Point Retirement Services, LLC
Address: 136 Commercial Street, Portland, ME, 04101
Telephone: 207-358-3099

Guidance Point Retirement Services, LLC is a pension cosultant based in Portland. It manages $58 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Maine, Massachusetts, and New Hampshire.

Guidance Point Retirement Services provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Guidance Point Retirement Services: assets under management

The assets under management (AUM) of Guidance Point Retirement Services, LLC is $58 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $58 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.25 million each.

Investments

The firm invests in investment and business development companies the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 22% of the firm’s portfolio. Investments in investment grade corporate bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Guidance Point Retirement Services, LLC for their services and products based on a percentage of assets under management, hourly charges, 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 Guidance Point Retirement Services serves?

The firm provides services to charitable organizations, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Guidance Point Retirement Services is pension and profit sharing plans with 5 clients and $30.16 million of assets under management. Among the 1 most similar advisory firms, Guidance Point Retirement Services has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $58 million for 8 clients. None of the firm’s clients are foreign persons or businesses.

Guidance Point Retirement Services doesn't advise any private funds.

Careers at Guidance Point Retirement Services, LLC

The company employs 6 people that are either part- or full-time employees. 83 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Guidance Point Retirement Services, LLC is owned by Wesley Austin Delcol. Benjamin James Smith has served as the Chief Investment Officer since 1 Mar 2012 and Andrew Jay Walker is the Chief Executive Officer of Guidance Point Retirement Services, LLC family office. Camden National Corporation joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Jay Walker	Chief executive officer/chief compliance officer	1 Dec 2011	50% - 75%	3185396
Benjamin James Smith	Chief investment officer	1 Mar 2012	Other	6027765
Wesley Austin Delcol	Owner	1 Mar 2012	Other	2979272
Camden National Corporation	Owner	1 Apr 2012	Other	01-0413282

Based in Portland

The principal office where Guidance Point Retirement Services, LLC performs its advisory services is located at 136 Commercial Street, Portland, ME 04101 The mailing address of the firm is P.O. Box 15383, Portland, ME 04112. An additional office of the firm is in El Dorado Hills, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 207-358-3099 or by fax 207-221-1435. 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 guidancepointrs.com.