Description of Advisory Firm Thrive Retirement Specialists, L.L.C is registered as an Investment Adviser with the Securities and Exchange Commission. We were founded in July 2020tointroduce an entirely new business model rooted in fairness and abundance that focuses on applying time-tested academic research to deliver “reality-based” retirement planning representing an evolutionary step forward in how people prepare for retirement. We aspire to enrich every retiree’s life by helping them transcend their limiting beliefs, have ongoing peace of mind, and maximize their quality of life.
Anthony Robert Watson, CFA, CFP®, RICP®is the Firm’s sole owner, while Michael Stephen Nemick, CFP®possesses an option to purchase a 30% ownership interest. Anthony Robert Watson, CFA, CFP®, RICP®and Michael Stephen Nemick, CFP®are the Firm’s Retirement Advisors. We hold ourselves to a fiduciary standard, which means we act with undivided loyalty in the best interest of each client. As of November 6, 2023, clients had already entrusted us with$100,026,542 ofdiscretionary Assets Under Management.
Types of Advisory Services ThriveRetire™Planning and Investment Management We provide a single integrated service known as ThriveRetire™ to all clients for an all-in-one, single flat fee of $2,250 per quarter, making us a fee-only firm. ThriveRetire™ includes our ongoing comprehensive retirement planning process and discretionary investment management services to high-net-worth individuals nearing or in retirement.
ThriveRetire's retirement planning is a comprehensive five-step retirement planning process that goes far beyond what has traditionally been known as retirement planning. Over the course of this planning process, we identify your authentic goals and assess your willingness and ability to accept the Big Five Retirement Risks™ you will be subject to in retirement. We then evaluate your retirement assets, looking beyond the obvious investment-based assets, and develop a retirement spending plan designed to support your ideal retirement lifestyle and goals. We then combine your retirement assets with certain tools and tactics deemed

to be appropriate to optimize the funding of your retirement spending plan. Lastly, we execute upon the initially determined ThriveRetire™ Plan and establish semi-annual formal plan update and review meetings. Your initial ThriveRetire™ Plan marks only the beginning of your retirement journey. We use semi-annual formal plan update and review meetings to keep you on track in real-time as your life situation or goals change and variables outside your control change and occur. Making small adjustments along the way as needed to remain optimized is the key to avoiding potentially disruptive lifestyle changes being forced upon you later. We track implemented retirement income plans with dynamic withdrawal strategies monthly for adjustments.
ThriveRetire's investment management services are tailored for each client based on their unique goals and personal circumstances. ThriveRetire's investment management services employ a passive investment philosophy that believes in investing based on probability over possibility and building maximally diversified portfolios using low-cost index funds. Using only nine index funds, each representing one of the nine asset classes we believe a retiree should hold, we can build portfolios for clients giving them exposure to over 30,000 individual securities across all investable 44 countries, yet keep the portfolio's weighted average expense ratio to less than 0.10%. Following best practice research done by Vanguard, we monitor portfolios and rebalance quarterly to ensure the integrity of the chosen portfolio's characteristics at all times.
Client-Tailored Services and Client-ImposedRestrictions We offer the same service to all Clients; however, specific Client ThriveReitre™ Plans and their implementation depend on each Client's unique goals, circumstances, andInvestmentStrategyStatement.
Clients can specify, within reason, any limitations they would like to place on discretionary authority as it pertains to their ThriveRetire™ Plan or individual securities and/or sectors that will be traded in their account.
Wrap Fee Programs We do not participate in any wrap fee programs.