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Retirement Resources Investment Corporation
Jim Phillips, a veteran of large national firms, launched Retirement Resources Investment Corporation in 1990 to serve as a dedicated fiduciary for corporate...
Retirement Resources Investment Corporation
Jim Phillips, a veteran of large national firms, launched Retirement Resources Investment Corporation in 1990 to serve as a dedicated fiduciary for corporate retirement plans. The firm deliberately runs a selective client book, with average relationships spanning more than 12 years and over 10,000 plan participants across its accounts. Today President Patrick McGinn, a CFA charterholder active since 1993, leads the practice alongside Phillips. The firm concentrates exclusively on 401(k) and 403(b) plan advisory, covering plan-design consulting, investment-menu construction, ongoing fiduciary governance, and face-to-face employee education. It does not manage wealth for individuals outside the retirement-plan context. While precise underlying positions are not publicly catalogued, the platform supports plan sponsors in industries ranging from regional healthcare — Heritage Valley Health System was named Plan Sponsor of the Year in 2011 — to technology, where HubSpot was a finalist in the corporate 401(k) category in 2017. Geographic reach is principally New England and the Northeast, with Peabody, Massachusetts as the sole headquarters. The firm reports more than $1B in assets under management and maintains headcount deliberately small — consistent with its selective-client model. No additional offices or adjacent family-office vehicles are disclosed. In 2024, RRIC appeared on the CNBC Financial Advisor 100 list, a ranking drawn from more than 40,500 registered investment advisory firms examined by AccuPoint Solutions. RRIC’s structure is a structural differentiator in an industry where most RIA firms bundle retirement-plan work with private wealth management. The firm’s single-focus architecture means its entire compliance, research, and advisory apparatus is purpose-built for ERISA plans — without the cross-selling conflicts that can arise when a firm also manages the personal portfolios of the executives whose plans it advises.
General information
Firm type
Bank / Wealth / Trust
Year founded
1990
AUM
> $1B (Altss estimate)
Location
Region
North America
Country
United States
City
Andover
Corporate office
Peabody, MA, United States
Principals
Patrick McGinn
President
Jim Phillips
Founder
Frequently asked questions
Who runs investment decisions at Retirement Resources Investment Corporation?
Patrick McGinn, President and CFA charterholder, leads investment and advisory decisions. He has been in the securities industry since 1993 and is a member of CFA Society Boston. Founder Jim Phillips, who built the firm after a career at large national investment firms, remains active in the practice.
Does Retirement Resources Investment Corporation manage individual wealth or only retirement plans?
Only retirement plans. The firm’s sole focus is fiduciary investment advisory, plan-design consulting, and employee education for 401(k) and 403(b) plans. It does not offer private wealth management, individual brokerage, or family-office services alongside its plan business.
What investment stages or vehicle types does Retirement Resources Investment Corporation typically target?
As an ERISA-focused registered investment advisor, the firm builds and monitors plan-level investment menus — selecting and overseeing mutual funds, collective investment trusts, and occasionally managed accounts within employer-sponsored defined-contribution plans. It does not make direct company investments.
How is Retirement Resources Investment Corporation compensated?
The firm operates under a fiduciary standard, which requires it to place client interests first. While the specific fee schedule is not public, its awards and recognitions have been granted without compensation to the bodies involved — the CNBC FA 100 licensing fee was negotiated after the 2024 list was finalized.
Where does Retirement Resources Investment Corporation source its plan-sponsor clients?
The firm does not disclose a proprietary channel. Given its three-decade tenure, single office in Peabody, Massachusetts, and selective-client philosophy — average relationships exceed 12 years — growth likely comes through regional professional networks and plan-consultant referrals in New England and the Northeast.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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