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One of the most difficult decisions any of us have to make is, "With whom should you entrust your money?"  At Retirement Resources, our strengths include financial expertise and integrity.

Retirement Resources Investment Corporation (RRIC) is an investment firm that helps people, individually and in groups such as 401(k), accumulate wealth to meet future needs.  Our roots as an entity trace back to 1990.  We adopted the name of Retirement Resources in 1997 and became a Member Firm of FINRA in 1999.  We are also members of the Securities Investors Protection Corporation (SIPC),  the Profit Sharing/401k Council of America (PSCA) and we are Registered Investment Advisors.

We are an independent firm who's sole allegiance is to the people who entrust their money to our care.  We take ethics very seriously at Retirement Resources, we avoid conflicts of interest and we take a long-term view of our client relationships. 

The Firm's two principal executives are Jim Phillips and Patrick McGinn.  We are proud to say that in 45 years of combined service in the securities industry, neither Jim nor Patrick has been the subject of a disciplinary action.  This is testimony to the fact that strong ethics are our way of life.  We are neither omniscient nor perfect, but our objective is  always to serve the best interests of our clients.

Jim Phillips is President of RRIC, and has been in the securities industry since 1976.  He holds the following securities registrations: Series 4, 7, 24, 53, 63 and 66.  Jim began his career at Merrill Lynch in the mid-'70s and worked for large national firms for approximately 14 years.  In 1990, Jim moved to the "independent" side of the industry, to serve clients in an environment free of the quotas, proprietary products and in-house research that create conflicts of interest in some larger firms.   Jim's academic background is in economics, and he was a charter member of the Northeastern University chapter of Omicron Delta Epsilon, the International Honors Society in economics.

Jim is married (35 years!), with two sons.  When he's not in the office, Jim enjoys a variety of outdoor activities with his family and sneaks in a few holes of golf when he can.

Both Jim and Patrick have completed the training to earn the designation Accredited Investment Fiduciary.

Patrick McGinn is a Vice President and Retirement Plan Specialist, and has been in the securities industry since 1993.  Following a stint at the Allied Irish Bank, in Dublin, he came to work for Jim.  Patrick holds the Series 7 and 63 registrations and above mentioned Accredited Investment Fiduciary designation.  Patrick graduated magna cum laude from Stonehill College, with a major in Finance.  Patrick is currently a CFA candidate.

Patrick has been married for 12 years and has two young boys.  He enjoys running (and actually completed the Boston and Big Sur Marathons!) and is active in his church, including having recently served as Treasurer.

If you choose to do business with Retirement Resources, you will be treated honestly, fairly and capably.  We have the stability, integrity and expertise to help you to achieve your goals.

We serve clients in these capacities:  groups, such as 401(k) plans, Trustees and other fiduciaries, and individual "private clients".

For our 401(k) clients, we serve as Advisor or Broker of Record.  In this capacity, we serve at the will of the plan's fiduciaries, and all plan assets are held in trust by custodian banks.

For our private clients, the assets are held either by mutual fund companies or by our Clearing Firm, RBC Correspondent Services. 

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.