Transamerica Retirement Advisors (TRA) offers the Transamerica Personalized Portfolios (TPP) service to help clients prepare for retirement and other financial goals. Phone-based advisors assess clients' financial needs and recommend suitable investment strategies. Goldman Sachs Asset Management (GSAM) constructs portfolios and provides asset allocation recommendations. Clients' accounts are invested in portfolios of mutual funds or ETFs, depending on the account type and when it was opened. Clients receive annual advisory review reports and can contact TRA to update their accounts.
Fee Structure
Portfolio-Based Fees (Tiered)
| Portfolio Value | Annual Fee |
|---|---|
| Up to $150K | 0.95% |
| $150K - $1000K | 0.90% |
| $1M+ | 0.80% |
You may qualify for a breakpoint fee reduction based upon certain products and/or services purchased and held through Transamerica. The fee breakpoint or discount, if attained, is applied to the entire balance of the account, not only the portion of the account that exceeds the breakpoint.