Location: Dallas, Texas
Investment Focus/Specialty: Wealth Management
Firm Summary
Retirement Advisors of America, a PHH Investments Company ("Retirement Advisors"), headquartered in Dallas, Texas, is
a fee based investment advisor serving retired airline crew members in more than 40 states. With a history that dates
back more than 25 years, Retirement Advisors is the oldest investment firm focused on the retirement needs of the airline
market. Retirement Advisors manages assets across a suite of diversified investment strategies for over 2,000 clients.
Transaction Summary
Retirement Advisors used AMF’s investment to facilitate its acquisition of its leading competitor, from
E*Trade Financial Corp. AMF’s investment provided Retirement Advisors a flexible capital solution that
allowed the principals of the combined firm to retain complete autonomy and control while taking advantage of
the opportunity to grow the business.
Partner Firm Perspective
"AMF showed tremendous flexibility and ingenuity in structuring and executing our transaction under tight
time constraints. While the deal will not change our business, we view AMF as a trusted advisor and future
source of financing if and when we need them to be. We are not done growing with them," said Ron Simmons, CEO
of Retirement Advisors. "Compared to other capital alternatives, AMF was the least intrusive to our culture,
our environment and our ownership. We like making decisions in an unencumbered manner; we don’t want to just
be a piece of a balance sheet of a larger organization."