RPA Financial, LLC (“RPA” or “Advisor”) is registered as an investment advisor with the United
States Securities and Exchange Commission. RPA is organized as a limited liability company
under the laws of the state of California. The sole owner of RPA Financial is Global Retirement
Partners, LLC. Geoffrey White is the Chief Executive Officer and Cosmo Gould is the Chief
Compliance Officer.
RPA only provides services to companies and entities that provide their employees retirement
plan benefits. RPA recognizes that our retirement plan advisors, by acting in a fiduciary
capacity to their plan clients, provide services that are critical in helping clients fulfill their
obligations as set forth by the US Department of Labor under the Employee Retirement
Income Security Act of 1974. We support this effort by providing our Investment Advisory
Representatives (“IAR”) tools and resources necessary to meet client needs, objectives, and
obligations.
With our dynamic and experienced team, RPA provides the following investment advisory and
management services to pension plans, profit sharing plans, and defined contribution plans.
I. Retirement Plan Consulting Services for ERISA and Non-ERISA Covered Plans:
RPA provides advisory and other services for plan sponsors on a discretionary or non-discretionary
basis to be agreed upon by RPA and the client as detailed in our scope of services.
For non-discretionary services, RPA and the IAR will act in a solely advisory capacity and will not have
or exercise any discretionary authority or discretionary control respecting management or the
investment of the assets of the plan.
For discretionary services, RPA and the IAR will be designated as the Investment Manager to the plan
with responsibility to provide the investment selection and asset management for the plan. The IAR will
acknowledge that RPA and the IAR will serve as fiduciaries to the plan in providing the investment
advisory services delineated in the agreement signed by the client and RPA.
RPA and the IAR provide the following services to Retirement Plan clients:
Preparation of Investment Policy Statement: RPA and the IAR will assist clients in preparing an
initial draft investment policy statement (“IPS”), including investment objectives, policies, and constraints
consistent with the plan’s requirements and provide an annual review of the IPS. The client will be
responsible for reviewing and adopting the IPS and updating the IPS to reflect changes in the plan and its
investments from time to time.
Investment Selection: The IAR will review the plan’s investments and recommend investment
manager(s) and investments consistent with the requirements of the plan’s IPS as adopted by the client.
If the plan is a participant directed plan, the IAR will recommend investment alternatives with a view to
complying with the “broad range” requirements under regulations issued by the U.S. Department of
Labor (“DOL”) under section 404(c) of the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”). If RPA has been engaged as an investment advisor to the plan, the IAR will assist
the client in implementing the plan’s investment program solely upon the client’s direction. If RPA has
been appointed as the Investment Manager, the IAR will implement recommendations for the plan after
notice to the client.
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Performance Monitoring and Reporting: The IAR will monitor the plan’s investment manager(s)
and investments and may recommend additional investments and investment managers or other changes
from time to time. The IAR will prepare and provide to the client (at intervals mutual agreed by the
client and the IAR) reports monitoring plan investment managers and investments comparing the
performance to benchmarks set forth in the IPS. The IAR will recommend appropriate action, when
necessary, that may include replacing an investment or investment manager.
If the IAR is engaged as the
Investment Advisor to the plan, the IAR will assist the client in implementing recommendations solely
upon the client’s direction. If the IAR is appointed as the Investment Manager, the IAR will implement
its recommendations after notice to the client.
Fiduciary Education Services: The IAR may provide in person or online training sessions for the
clients, including their plan committee members, relating to the investment duties of fiduciaries.
Participant Education Services: If the plan is participant directed, the IAR may provide investment
education and information to participants as agreed from time to time, including in person group
sessions, and providing educational materials. Unless otherwise agreed to by the client and IAR, the
IAR’s services will be limited to investment education services within the meaning of DOL Interpretive
Bulletin 96-1 and the IAR will not provide individualized advice to any participants with respect to the
investment of their individual accounts under the plan.
Service Provider Search Support: The IAR will assist the client with the preparation of requests
for proposals, evaluation of proposals and bids, and interviews of investment providers (e.g., insurance
or brokerage firms or mutual fund companies) offering plan recordkeeping and investment services and
other plan service providers, as requested by the client.
IV. Hourly and Fixed Fee Consulting Services: RPA will charge on an hourly or fixed fee basis for
consulting services. The total estimated fee will be based on the time, scope, and complexity of our
engagement with clients. Generally, our hourly fee will not exceed $350. In the case of fixed fee,
payment for services will be according to individual arrangement. In general, a portion of the fee may be
paid in advance with the balance paid upon the completion and presentation of the project.
When we provide investment advice to you regarding your retirement plan account or individual
retirement account, we are fiduciaries within the meaning of Title I of the Employee Retirement Income
Security Act and/or the Internal Revenue Code, as applicable, which are laws governing retirement
accounts. The way we make money creates some conflicts with your interests, so we operate under a
special rule that requires us to act in your best interest and not put our interest ahead of yours.
Under this special rule’s provisions, we must:
• Meet a professional standard of care when making investment recommendations (give prudent advice);
• Never put our financial interests ahead of yours when making recommendations (give loyal advice);
• Avoid misleading statements about conflicts of interest, fees, and investments;
• Follow policies and procedures designed to ensure that we give advice that is in your best interest;
• Charge no more than is reasonable for our services; and
• Give you basic information about conflicts of interest.”
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Assets Under Management/Advisement
RPA Financial provides investment advisory and management services to clients. As of December 31,
2023, RPA Financial reflects $5,251,417,811 in assets under advisement. This includes approximately
$2,013,381,362 in non-discretionary institutional assets under advisement, primarily comprised of ERISA
qualified retirement plans where RPA Financial acts as a 3(21) fiduciary, and approximately
$3,238,036,449 in discretionary institutional assets under advisement, primarily comprised of qualified
retirement assets where RPA Financial acts as an ERISA 3(38) investment manager. In addition, RPA
Financial provides consulting services to clients that have combined assets of $18,651,607,861.00 as of
December 31, 2023. Combined, RPA Financial works with clients that have plans with assets of
$23,903,025,673.00.
RPA does not participate in wrap fee programs.