Brian Lampsa founded True North Retirement Partners to help resolve the problems he encountered while assisting individuals planning for retirement. He noticed that many who participated in their employers’ corporate retirement plans did not regularly review their accounts, had no idea if they were on track to meet their goals, and did not fully understand the risk/reward proposition, or even the basics of investing.
Brian also observed another common occurrence: Plans were frequently being managed by corporate executives who had far too many responsibilities to devote the high degree of attention required of a fiduciary entrusted with helping their employees achieve a successful retirement.
These executives were also overwhelmed by the large number of vendors selling confusing investment products that were often lucrative for the vendors themselves, but did not necessarily serve the best interests of plan participants.
In an effort to address all of these issues, Brian decided to build an advisory practice that kept the focus where it belonged – on retirement plan sponsors and participants. With complete independence and full fee disclosure, True North Retirement Partners today serves as a trusted partner and guide to plan fiduciaries to fulfill their mission of providing high-quality retirement plans to help employees reach their goals.
As the corporate retirement plan portion of the practice grew, a significant number of plan participants and corporate executives asked for help with their personal financial matters and individual portfolios. Today, we are proud to offer personal financial planning as well, managing money for select individuals and families in fee-based discretionary accounts.
Throughout the continuous evolution and growth of True North Retirement Partners, the initial motivation for all our actions and decisions has remained steadfast throughout – helping people reach their retirement goals.
In a fee-based account clients pay a quarterly fee, based on the level of assets in the account, for the services of a financial advisor as part of an advisory relationship. In deciding to pay a fee rather than commissions, clients should understand that the fee may be higher than a commission alternative during periods of lower trading. Advisory fees are in addition to the internal expenses charged by mutual funds and other investment company securities. To the extent that clients intend to hold these securities, the internal expenses should be included when evaluating the costs of a fee-based account. Clients should periodically re-evaluate whether the use of an asset-based fee continues to be appropriate in servicing their needs. A list of additional considerations, as well as the fee schedule, is available in the firm's Form ADV Part 2A as well as the client agreement.
