How does the advisor help clients – Key Takeaways:
FRANKLIN RETIREMENT SOLUTIONS, INC. is a financial services firm that operates with the mission to provide expert guidance and comprehensive solutions for clients looking to plan for their retirement. The firm offers a variety of financial services and caters to different types of clients, ensuring that each client receives personalized and tailored advice to meet their individual needs. The firm’s solid track record and transparent fee structure make it a reputable and trustworthy choice for individuals looking to secure their financial future.
Facts and Insights
Founded in 1992, FRANKLIN RETIREMENT SOLUTIONS, INC. has over 25 years of experience in the financial industry. With its headquarters in New York City, the firm has a team of experienced advisors who are well-versed in retirement planning, investment management, and financial planning services.
The firm has a total of $2 billion in assets under management (AUM), with a team of 15 advisors who work to provide personalized solutions to clients. The average account size at FRANKLIN RETIREMENT SOLUTIONS, INC. is $200,000, indicating that the firm caters to a diverse client base, including both high net worth individuals and those just starting to plan for their retirement.
Assets Under Management, Number of Advisors and Time in Business:
| Assets Under Management (AUM) | Number of Advisors | Time in Business |
|---|---|---|
| $2 billion | 15 | Over 25 years |
Financial Services Offered
FRANKLIN RETIREMENT SOLUTIONS, INC. offers a wide range of financial services to help clients plan and manage their retirement. These services include retirement planning, investment management, financial planning, estate planning, and tax planning. The firm also provides specialized services such as risk management and insurance planning to help clients protect their financial interests.
Client Types
The firm serves a diverse group of clients, including individuals, families, and business owners, who are looking to plan for their retirement. With a focus on providing personalized solutions, FRANKLIN RETIREMENT SOLUTIONS, INC. caters to clients with a variety of financial needs and goals.
Fees & Compensation
FRANKLIN RETIREMENT SOLUTIONS, INC. has a transparent fee structure, with fees based on a percentage of assets under management. The firm’s fees typically range from 1% to 2% of AUM, and may vary depending on the complexity of the client’s financial situation. The firm also offers fee-only services, ensuring that advisors do not receive any commissions or incentives for recommending specific products or investments.
Background
FRANKLIN RETIREMENT SOLUTIONS, INC. was founded by John Franklin, a highly experienced financial advisor who recognized the need for specialized retirement planning services. The firm’s team of advisors possess a variety of professional certifications and qualifications, including Certified Financial Planner (CFP) and Chartered Financial Analyst (CFA), ensuring that clients receive expert advice and guidance for their financial needs.
Financial Advisor Disclosures to Know
As a registered investment advisor, FRANKLIN RETIREMENT SOLUTIONS, INC. is held to a fiduciary standard, meaning that the firm is legally obligated to act in the best interests of its clients. The firm also has a strict code of ethics and discloses all potential conflicts of interest to clients. The firm’s disclosure brochure, Form ADV, is publicly available and provides detailed information on the firm’s services, fees, and potential risks.