The Retirement Network, Ltd. (Geneva)


The Retirement Network, Ltd. is a large advisory firm based in Geneva. It manages $210.98 million of regulatory assets for 608 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, Florida, Georgia, and 3 other states.

The Retirement Network provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, selection of other advisers, 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.

The Retirement Network: assets under management

The assets under management (AUM) of The Retirement Network, Ltd. is $210.98 million. The firm's AUM has grown by 35% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $186.3 million in discretionary accounts and $24.68 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $321.2 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $881.47 thousand.
The Retirement Network has custody of $2.21 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Retirement Network, Ltd. 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 Andrew Ribelin Grider serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Andrew Ribelin Grider is individuals with 298 clients and $116.82 million of assets under management. Among the 9 most similar advisory firms, The Retirement Network has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $210.98 million for 403 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 Network doesn't advise any private funds.

Careers at The Retirement Network, Ltd.

The company employs 9 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. 7 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.

Andrew Ribelin Grider has been acting as President since 1 Sep 2011. Ann Sharon Montgomery joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Ann Sharon Montgomery Chief compliance officer 1 Jan 2007 Other 4312002
Andrew Ribelin Grider President 1 Sep 2011 75% - 100% 5448972

Based in Geneva

The principal office where The Retirement Network, Ltd. performs its advisory services is located at 423 Williamsburg Avenue, Geneva, IL 60134, which is also the mailing address of the firm. An additional office of the firm is in Joliet, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 630-232-8995 or by fax 630-232-8981. The normal business hours are 8:00 a.m to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at theretirementnetwork.com.