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Individual Clients: While our core business is serving the needs of 401(k), 403(b) and other institutional clients, many of our skill sets have direct application to managing the investment needs of individuals. Our disciplined, prudent investment process provides benefits to all of our firm's clients. In order to keep our focus on our core business, our minimum individual account size is $250,000, but we may make exceptions under special circumstances such as an existing or referral relationship. For many years we have managed risk-based portfolios within our institutional clients' plans. Within recent years, we have developed an analogous program for individual clients. The program came about as the result of requests from participants wishing to roll their account balances from 401(k) and 403(b) plans, after termination, into IRA accounts with similar risk-based managed portfolios. We call this program RR-MAP, which is short for Retirement Resources Managed Account Program. It is designed to meet a wide range of investment objectives through five distinct portfolios:
We have the ability to customize portfolios at the individual account level when necessary to accommodate existing holdings or special circumstances. For individual clients utilizing RR-MAP, assets are held by our Clearing Firm, RBC Correspondent Services*. RBC is ultimately owned by the Royal Bank of Canada. This affords our clients the dual benefits of our seasoned, independent judgment and the logistical benefits of a global, full-service investment firm. For additional information, please contact Jim Phillips or Patrick McGinn: by phone (800) 846-3276; or by e-mail jim@retirement-resources.com or patrick@retirement-resources.com. *RBC Correspondent Services (RBC CS) is a division of RBC Capital Markets Corporation. RBC Capital Markets Corporation is a member of the NYSE, AMEX, CHX, CBOE and PSE and has execution capabilities on all principal exchanges. RBC Capital Markets Corporation is owned by Royal Bank of Canada, which trades under the symbol RY on the New York Stock Exchange. Retirement Resources' Relationship with RBC CS: Our firm has a contractual agreement with RBC Correspondent Services (RBC CS) to serve as our clearing firm. This fully disclosed agreement states the responsibilities of each party. Prior to the agreement becoming effective, RBC CS is responsible for making all disclosures to our firm's designated examining authority as required by NYSE Rule 382. Each client of our firm is notified of the relationship via a disclosure letter. The disclosure letter details the responsibilities that Retirement Resources (the introducing broker-dealer) and RBC CS (the clearing firm) have to the client. Although client assets are held by RBC Capital Markets Corporation, neither RBC Capital Markets Corporation nor RBC CS has responsibility for the financial condition or performance of our firm or our Financial Consultants. SIPC & Additional Coverage for Client Accounts: Our clearing firm, RBC Correspondent Services, is a division of RBC Capital Markets Corporation. RBC Capital Markets Corporation is a member of the Securities Investor Protection Corporation (SIPC). Retirement Resources is also a member of SIPC. SIPC is a nonprofit membership corporation funded by its member security broker-dealers. SIPC protects the securities clients of its members in the event of the failure of a member firm. SIPC reimburses clients the cash value of their securities up to $500,000 per client. Any cash in a client's account would be reimbursed by SIPC up to $100,000 (reducing the $500,000 above). RBC Capital Markets Corporation has purchased an additional policy that offers coverage in excess of the protection provided by SIPC. This coverage covers additional securities and cash protection up to $99.5 million per client, of which $900,000 may be in cash. A $400 million aggregate limit applies to this additional coverage. RBC Capital Markets Corporation also offers protection if a client’s securities are missing because of theft by an outsider, computer fraud or theft by an employee for personal gain. In such cases, the firm’s CAN$310 million Financial Institution Bond coverage would cover the client’s losses, subject to that policy’s terms, conditions and limits. Note: Neither SIPC protection, nor protection in excess of that offered by SIPC, covers a decline in the value of a client’s assets due to market loss. Additional information is available upon request or at www.sipc.org.
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