Transamerica Financial Advisors, Inc

CRD#16164
Investment Advisor Firm

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Learn more about Transamerica Financial Advisors, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Transamerica Financial Advisors, Inc operates as an advisory firm based in Saint Petersburg, Florida. Transamerica Financial Advisors, Inc controls $1.8 billion in total assets over 59,659 accounts, placing it among the largest financial advisory firms in the United States by assets under management (AUM). The company has a very large team, including 1,235 financial advisors. Transamerica Financial Advisors, Inc is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its clients and instead must go through a broker-dealer firm to do so. Securities are defined as tradable fiscal assets like options, stocks and bonds.

    Transamerica Financial Advisors, Inc oversees some of the firm's client assets in a discretionary manner. Discretionary management signifies that transaction choices are made by a portfolio manager without requiring client consent. Transamerica Financial Advisors, Inc also manages 42,470 non-discretionary accounts with a total of $448.9 million in AUM. The firm's typical account size is $30,430. The average financial advisor at Transamerica Financial Advisors, Inc oversees about 48 client accounts, placing it towards the middle in terms of personalization.

    Transamerica Financial Advisors, Inc's main office is located at 570 Carillon Parkway, Saint Petersburg, Florida 33716-1202. The company is legally registered to provide services to customers across 51 U.S. states and territories.

    Assets Under Management

    $1.8 billion

    Number of Advisors

    1,235

    Disclosures

    No

    Office Location

    570 Carillon Parkway
    Saint Petersburg, FL 33716-1202

    Transamerica Financial Advisors, Inc by the Numbers

    Total Assets Under Management

    $1.8 billion

    National Average: $8.6 billion
    Total Number of Employees

    1,235

    National Average: 64
    Total Number of Accounts

    59,659

    National Average: 375,227
    Average Account Size

    $30.4 thousand

    National Average: $23.0 thousand
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    Products and Services

    Transamerica Financial Advisors, Inc provides a number of services, which can consist of portfolio management for individuals and small businesses, portfolio management for institutional clients, selection of other advisers and educational seminars. However, Transamerica Financial Advisors, Inc did not provide any of its clients with financial planning services in the last fiscal year. Transamerica Financial Advisors, Inc does sell products or offer services different than investment advisory services to its customers. The firm is 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 46% of firms

      Portfolio Management

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

    • Find a firm that offers this service

      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 20% of firms

      Selection of Other Advisors

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

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% 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 largely are based on which service is offered. Fees charged by the firm typically consist of the following fee structure: asset-based. Transamerica Financial Advisors, Inc does participate in a wrap fee program, in which the company offers a service bundle for a single fee.

    Available

    • Offered by 69% 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.

    Unavailable

    • Find one of the 21% 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 1% of firms that offer this fee type

      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.

    • Find one of the 26% 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 0% 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 32% 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 10% 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

    The company does business with a broad range of customers. The firm caters to retail investors, high net worth investors, pension plans, charitable organizations, corporations and other. Out of its 59,659 customers, Transamerica Financial Advisors, Inc's biggest client type is retail investors, though it also caters to 908 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is considered a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the company's customers are represented by people from outside of the U.S.

    • High-Net-Worth Individuals* - 1.52%
    • Other Individuals - 98.17%
    • Corporations - 0.28%
    • Charitable Organizations - 0.03%

    * 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

    Weihua Wu
    Irvine, CA
    Tarl Reynoso
    Orem, UT
    Michael Burns
    Braintree, MA
    Patrick Dailey
    Rancho Santa Margarita, CA
    Raul Reyes
    Woodland Hills, CA
    James Shoblo
    Colorado Springs, CO
    Diego Conejo
    Pasadena, CA
    David Winn
    Bridgeport, MI
    Shih-Sheng Li
    Milpitas, CA

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