Global Retirement Partners, LLC (“GRP” or “The Firm”) is an investment advisor registered with the Securities &
Exchange Commission (“SEC.”) GRP is wholly owned entity of HUB International, Inc. The GRP Senior
Management Team consists of Geoff White, Chief Executive Officer, Russell Frierson, Chief Operating Officer and
Cosmo Gould, Chief Compliance Officer.
The Firm offers a variety of services to meet the needs of its clients. Compensation also takes a variety of forms as
described as follows:
Asset Management Services
GRP will structure account portfolios to meet specific client objectives and needs and, on an ongoing basis, will
provide asset allocation and buy and sell recommendations.
GRP Investment Advisory Representatives provide asset management services through a variety of custodial
broker-dealers, including, but not limited to LPL Financial, Charles Schwab, Fidelity, or TD Ameritrade. Investment
Advisory Representatives may maintain a limited power of attorney in these managed accounts. The limited power
of attorney authorizes the GRP Investment Advisory Representatives to execute transactions in client accounts
without contacting the client immediately preceding the trade. All transactions are made in accordance with the
client’s stated investment objectives and have been previously discussed and agreed upon by the client and the
Investment Advisory Representative.
Fees for this service will be charged on a percentage of assets under management basis not to exceed a 3% per
annum. The fees will be discussed and agreed upon in advance by the GRP Investment Advisory Representative and
the client. Fees will be charged in advance or in arrears and will be billed on a monthly or quarterly basis.
Either GRP, or the client, can terminate the Asset Management Agreement by written notice to the other party
without penalty within five business days of its signing and any prepaid fees will be returned. The asset management
agreement may be terminated by either party at any time thereafter on thirty days written notice to the other party.
In certain instances, the client may receive a pro-rated refund, based on the fee calculation method being used and
the amount of work already completed.
Third Party Asset Managers
GRP Investment Advisory Representatives may recommend the use of other independent investment advisors or
asset management program sponsors that provide specialized investment advisory services. These advisors will
charge advisory fees, independent of GRP. A portion of the advisory fee will be paid to GRP.
Each advisory client will receive documentation including a third-party asset management agreement and disclosure
of compensation and will receive Part IIA of form ADV from GRP and the third-party asset manager. Accounts
managed by third party asset managers will be subject to the cancellation policy of the particular third-party asset
manager.
GRP may enter into a sub-advisory agreement relationship with other advisory firms in which GRP will be acting as
dual advisor or as a solicitor. Fees will be received by GRP from the sub-advisor. The Client will be informed that
the advisory fee will be split between GRP and the designated sub-advisor. The fee disclosure “Disclosure of
Compensation” will be detailed in the GRP Asset Management Agreement and in information received from the
other advisory firm.
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Wrap Fee Programs
GRP has established wrap fee programs in order to provide clients with an “all- in-one pricing model. Clients
participating in wrap programs will be charged one all-inclusive fee that includes trade execution, custody, and asset
management fees. Wrap assets are held at third party custodians, including LPL Financial, Charles Schwab, Fidelity
or TD Ameritrade Generally there are no differences between how GRP manages wrap fee accounts and how GRP
manages other accounts. GRP receives a portion of the wrap fee from the sponsor for its services.
At no time will Global Retirement Partners, LLC accept or maintain custody of a client’s
funds or securities except
for authorized fee deduction. GRP intends to cover fees associated with execution, clearance and other costs
related to trading, including paying custodial and securities execution and clearance fees out of its Management Fee
(except for short-term trading, redemption fees or executing transactions away from the designated custodians, that
will be paid by clients). Certain miscellaneous fees are charged to the client account by the custodian, such as wire
fees and overnight check fees, margin interest, odd-lot differentials, early termination fees, short-term redemption
fees, etc. However, GRP may reimburse clients for these miscellaneous fees either by direct reimbursement or
through adjustment of the Management Fee. This method of treating transaction fees is typically characterized as a
“wrap fee,” where the Management Fee includes the investment advisory services as well as all transaction costs and
the client pays only that Management Fee and no other costs concerning the trading and maintaining of the account.
Clients in wrap fee accounts, with the transaction and custody costs included, will pay a higher Management Fee
than those clients of Global Retirement Partners, LLC that are not managed with a wrap fee (see GRP Form ADV
Part 2A Brochure). The specific arrangement for each client will be negotiated and defined in the investment
advisory contract signed by each client. GRP generally does not use outside investment managers to provide
services to its wrap fee clients. The inclusive fee may cost the client more or less than purchasing such services
separately depending on the number of transactions that occur in the account. As noted above, GRP pays for all of
the transaction charges for transactions in a client wrap fee account. The transaction charges paid by GRP vary
based on the type of transactions (e.g., mutual fund, equity, or fixed income security), and for mutual funds based on
whether or not the funds participate in the custodian’s no-transaction-fee program. A conflict of interest exists
because GRP pays the transaction charges for the client account. Clients should understand that the cost of
transaction charges to GRP may be a factor that the GRP considers when deciding which securities to select and
how frequently to place transactions in a client account.
All fees paid to GRP for investment advisory services are separate and distinct from the expenses charged by mutual
funds and ETFs to their shareholders and the product sponsor in the case of variable insurance products. Clients
should be aware that there will be two layers of advisory fees and expenses for those assets. Clients will pay an
advisory fee to the fund manager and other expenses as a shareholder of the fund. In the case of mutual funds that
are fund of funds, there could be an additional layer of fees, including performance fees that may vary depending on
the performance of the fund. These fees and expenses are described in each fund’s, ETFs, or variable product’s
prospectus. Client will also pay GRP the Management Fee with respect to those assets.
A client could invest in these products directly, without the services of GRP therefore, clients could generally avoid
the second layer of fees by not using the advisory services of Global Retirement Partners, LLC and by making their
own decisions regarding the investment. In that case, the client would not receive the services provided by GRP
which are designed, among other things, to assist the client in determining which products or services are most
appropriate to each client’s financial condition and objectives. Accordingly, the client should review both the fees
charged by the product sponsor and the fees charged by GRP to fully understand the total fees to be paid.
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GRP Investment advisor representatives are not compensated differently for clients that choose the inclusive fee
arrangement versus the non-inclusive fee and therefore they do not have a financial incentive to recommend one
method over the other.