Foundation Retirement Plan Consultants, LLC (Valley Stream)

Name: Foundation Retirement Plan Consultants, LLC
Address: 27 E. Merrick Rd., Valley Stream, NY, 11580
Telephone: 516-256-2080

Foundation Retirement Plan Consultants, LLC is a mid-sized advisory firm based in Valley Stream. It manages $84.84 million of regulatory assets for 68 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of New Jersey and New York.

Foundation Retirement Plan Consultants provides pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Foundation Retirement Plan Consultants: assets under management

The assets under management (AUM) of Foundation Retirement Plan Consultants, LLC is $84.84 million. The company doesn't manage any assets belonging to foreign clients.

Investments

The firm invests in investment and business development companies the most. They account for 95% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 5% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Foundation Retirement Plan Consultants, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Foundation Retirement Plan Consultants serves?

The only and largest group of clients of Foundation Retirement Plan Consultants is pension and profit sharing plans with 68 clients and $84.84 million of assets under management. Among the 3 most similar advisory firms, Foundation Retirement Plan Consultants has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $84.84 million for 68 clients. None of the firm’s clients are foreign persons or businesses.

Foundation Retirement Plan Consultants doesn't advise any private funds.

Careers at Foundation Retirement Plan Consultants, LLC

The company employs 6 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew John Killen	Chief compliance officer	1 Jan 2016	Other	6360797
Roundangle Advisors Llc	Managing member	1 Jan 2016	75% - 100%	47-2958117
Andrew Killen	Chief compliance officer	1 Jan 2016	Other	6360797
Melinda Stacy Bercy	Chief compliance officer	1 Apr 2018	Other	2477160
Jonathan Evan Bernstein	Chief compliance officer	1 Jun 2018	Other	4445025

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Benjamin Samuel Gerut	Member	1 Jan 2015	Other	4966087
Benjamin Gerut	Managing member	1 Jan 2015	25% - 50%	4966087
Jonathan Evan Bernstein	Managing member	1 Oct 2015	75% - 100%	4445025

Based in Valley Stream

The principal office where Foundation Retirement Plan Consultants, LLC performs its advisory services is located at 27 E. Merrick Rd., Valley Stream, NY 11580 The mailing address of the firm is 280 Highway 35, Red Bank, NJ 07701. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516-256-2080. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at foundationrpc.com.