RMDR Advisors, Inc. (“RMDR” or “the firm”) provides investment advisory services to retail
investors. The firm manages qualified and nonqualified money, specifically, IRAs, 403(b)s,
and after-tax accounts. Robert J. Geary began the firm in 1985 as Geary Investment
Advisory Services, Inc., and he is the president of the firm.
Mr. Geary has been the sole owner of the firm since its inception and remains the sole
owner and officer, along with his wife who does not participate in the business. The firm’s
name was changed to RMDR Advisors, Inc.
In March 2012, Steven A. Zabriskie became registered as an investment advisor
representative (IAR) of RMDR. Previously, Mr. Zabriskie operated his own practice as a
state-registered investment advisor in San Antonio, Texas. Mr. Zabriskie focuses on
managing accounts for participants in the University of Texas’ retirement plans. Fidelity
Investments is the custodian of these accounts. With his clients’ consent, the accounts were
moved under RMDR.
Types of Advisory Services: In addition to providing investment advice, clients needing
financial planning will be referred to a financial planner. Mr. Geary, in addition to being a
registered investment advisor, is a licensed insurance agent. Engagement of the firm can
be limited to just a specific financial concern, such as the following:
• investment portfolio analysis, construction, and/or management;
• investing for a specific need, such as college funding, purchasing a new home, or car;
• retirement planning, or retirement distribution analysis and/or management;
• cash flow management and budgeting;
• identifying tax planning issues;
• identifying estate planning issues;
• risk management and insurance needs;
• long-term care.
For implementing investment advice, clients can act on RMDR’s recommendations by
placing securities transactions with any brokerage firm the client chooses. The client is
under no obligation to act on RMDR’s recommendations. If the client does decide to
implement the investment advice through RMDR, the client will enter into an ongoing asset
management agreement under which RMDR’s fee is negotiated, based on a percentage of
assets under management.
For the implementation of legal and/or accounting recommendations, such as for estate
planning and for tax planning, the firm will, at the client’s request, recommend other
professionals for these services.
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The firm provides investment supervisory services accounting for approximately 90% of
total advisory billings and manages investment accounts (not involving supervisory
services) for approximately 10% of total advisory billings.
The firm does not limit itself to certain types of investments. However, alternative non-
security investments are not used without specific consultation with the client.
Management of higher education retirement plan assets under University of Texas
System’s optional retirement program: Mr. Geary and Mr. Zabriskie have developed
considerable expertise in management of higher education retirement plan assets for
participants in plans established for employees of the public upper education system in the
State of Texas (principally associated with medical schools of the system). These plans
include ORP, 403(b), 457(b), and UTGRA accounts. These clients have engaged RMDR to
manage their investment portfolios. Mr. Geary has over 36 years’ experience with the
requirements
of this particular program, and Mr. Zabriskie has over 17 years’ experience.
As of December 31, 2023, RMDR managed $89,762,583 of higher education retirement plan
assets, providing asset management services for tax-deferred accounts through Fidelity
Investments and TIAA-CREF which are vendors currently approved by the University of
Texas System.
Tailoring our services to the client: Our services can be as much or as little as the client
requests. For clients referred to a financial planner, RMDR can help with implementation
of the plan, including asset management by the firm. Our advice is based on the client’s
financial situation at the time the advice is presented and is based on what could be a
substantial amount of financial information. The client will need to provide this
information to RMDR, depending on the advice sought. We inform our clients that certain
assumptions are made with respect to inflation and interest rates as well as past trends and
performance of the market and economy. RMDR does not guarantee the success of any
financial plan and does not guarantee that the client’s financial goals and objectives will be
met.
Investment Management Services: Some clients engage RMDR to manage their assets.
RMDR’s investment management services are provided on a discretionary basis, which
means that the client grants RMDR complete discretion to manage the account, subject to
the client’s investment objectives and any restrictions the client wishes to impose, such as
instructing RMDR not to purchase certain types of securities. Under discretionary
agreements, unless the client has provided written instructions delineating specific
restrictions to the firm when the client engages the firm, RMDR determines the securities
to be purchased or sold, and the amount of securities to be purchased or sold. In most
cases, these transactions are done with no-load funds, and client accounts incur no
transaction costs or very limited transaction costs. Once the portfolio is constructed, RMDR
provides periodic supervision and re-optimization of the portfolio as changes in market
conditions and the client’s circumstances require.
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Wrap fee programs are not applicable.
As of 12/31/2023, our assets under management were $184,242,565.
U.S. Dollar Amount
Total
Number of
Accounts
Total
Number of
Clients
Discretionary: $ 182,196,985 551 208
Non-Discretionary: $ 2,045,580 4 2
Total: $ 184,242,565 555 210
Outside Financial Planning Services: Occasionally RMDR refers certain clients to an
outside firm or individual for financial planning services.
Newsletter: RMDR provides, at no additional cost to the client, a periodic newsletter titled
“Opinions.” This newsletter is delivered by e-mail. Mr. Geary writes this newsletter to
inform clients of his current opinions on the stock and bond markets. This newsletter is
intended to provide current information to clients and to inform them of changes
concerning the markets. The newsletter is distributed approximately every six weeks. Mr.
Zabriskie also separately provides his clients with a newsletter updating them on their
investments.
Location of Additional Office:
The San Antonio office is located at 9218 Serene Creek Drive, San Antonio, TX 78230-4038.
This office focuses on managing accounts for participants in ORP and 403(b) programs at
U. Texas San Antonio and U. Texas Health Science Center San Antonio.