Transamerica Financial Advisors, Inc

CRD#16164
Investment Advisor Firm

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Overview

Transamerica Financial Advisors, Inc operates as a financial advisory firm based in Saint Petersburg, Florida. The firm has $1.0 billion in assets under management throughout 45,703 customer accounts, placing it among the bigger investment advisory firms in the nation by assets under management (AUM). Transamerica Financial Advisors, Inc has a very large team of 1,271 employees, all of whom are financial advisors. Transamerica Financial Advisors, Inc does not act as a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead must go through a broker-dealer company to do so. Securities are defined as exchangable financial investments such as options, bonds and stocks.

Transamerica Financial Advisors, Inc administers 11,800 of the company's accounts on a discretionary basis. Discretionary management means that buy and sell choices are made by a portfolio manager without needing client consent. Transamerica Financial Advisors, Inc also administers 33,903 non-discretionary accounts totaling $254.0 million in assets. The investment advisory firm's average account size is $22,222. The typical advisor at Transamerica Financial Advisors, Inc oversees about 36 client accounts, making it about average in terms of personalization.

The company's central office is located at 570 Carillon Parkway, Saint Petersburg, Florida 33716-1202. The company is legally allowed to serve customers across 51 U.S. states and territories.

Number of Advisors

1,271

Disclosures

No

Office Location

570 Carillon Parkway
Saint Petersburg, FL 33716-1202

Transamerica Financial Advisors, Inc by the Numbers

Total Number of Employees

1,271

National Average: 4,943
Total Number of Accounts

45,703

National Average: 2,522
Average Account Size

$22.2 thousand

National Average: $1.3 million

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Products and Services

Transamerica Financial Advisors, Inc offers a number of services, including portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and educational seminars. Notably, Transamerica Financial Advisors, Inc did not provide financial planning services to any of its accounts in the last fiscal year. The company does sell products or offer services apart from investment advice to its customers. The firm is also affiliated with one or more other companies in the financial services industry, including with a broker-dealer or securities dealer, trust company, insurance company or agency, pension consultant, real estate broker or dealer and commodity pool advisor.

Core Advisor Services

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    Financial Planning Services

    This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

  • Offered by 63% of firms

    Portfolio Management

    This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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    Market Timing Services

    This is the practice of attempting to make short-term profits on investments by buying low and selling high.

Other Services

  • Offered by 23% of firms

    Selection of Other Advisors

    This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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    Publication of Periodicals

    This is the publication of various financial education materials.

  • Offered by 10% of firms

    Educational Seminars/Workshops

    This is the hosting of seminars or workshops to educate investors on financial concepts.

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Fee Structure

Financial management fees typically are based on which services are provided. Fee types billed by the firm most likely consist of any blend of the following fee types: asset-based or commission-based. Transamerica Financial Advisors, Inc participates in a wrap fee program, in which the company offers a service bundle for a single fee.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 3% of firms

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 17% of firms that offer this fee type

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 40% of firms that offer this fee type

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

Transamerica Financial Advisors, Inc does business with a broad range of customers. The company caters to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other types of clients. Out of its 45,703 accounts, Transamerica Financial Advisors, Inc's biggest client is retail investors, though it also manages money for 556 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Just 1% of its customers are non-U.S. persons.

  • High-Net-Worth Individuals* - 1.22%
  • Other Individuals - 98.62%
  • Corporations - 0.15%
  • Charitable Organizations - 0.02%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Transamerica Financial Advisors, Inc does not have any disclosures.

Please visit its Form ADV for more details.

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Financial Advisors at Transamerica Financial Advisors, Inc

Leonard Taylor
Mesa, AZ
Andrew Kom
Burlingame, CA
Aleece Ackerman
Duluth, GA
Lakshmi Goriparthi
Pleasanton, CA
Ric Roman
Pasadena, CA
Nicholas Lancaster
Temecula, CA
Virginia Mondonedo
Laguna Hills, CA
Ryan Wagner
Dayton, OH
Barbara Chie Leon
Pleasanton, CA

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This content was compiled from the SEC and FINRA