Transamerica Retirement Advisors, LLC

Transamerica Retirement Advisors, LLC, established in 1992, is a registered investment advisory firm specializing in Third-Party Money Management Services (TPMM) to help clients prepare for retirement. TPMM offers managed asset allocation services using model portfolios from Morningstar Investment Services, LLC. Clients have control over their investments and must agree to recommendations made by Transamerica's investment adviser representatives (IARs). The annual advisory fee for TPMM ranges from 0.75% to 1.30% based on account assets, with TRA typically receiving between 0.60% and 0.90% of the fee. Clients may incur additional fees for custodial services and ETF transaction charges through Schwab, the custodian for TPMM accounts. TRA's IARs may receive compensation and incentives for recommending advisory services, but TRA seeks to mitigate conflicts of interest by ensuring recommendations are in the client's best interest. TRA does not charge performance-based fees and does not have discretion over client accounts. Clients receive annual Advisory Review Reports and quarterly statements from Schwab. TRA does not have custody over TPMM funds, and Morningstar exercises discretion over client accounts. TRA does not vote on client securities and has a stable financial condition. No disciplinary events involving TRA or its personnel have occurred in the past ten years.