Established in January 2019 by David J. Scranton, Retirement Income Source® is a nationwide network of franchised financial advisors dedicated to assisting individuals in achieving financial stability during their retirement years. The company is headquartered at 500 West Cypress Creek Road, Suite 250, Fort Lauderdale, Florida.

Retirement Income Source® specializes in income-generating investment strategies aimed at preserving clients' savings and generating ongoing streams of interest and dividend payments.

Their comprehensive suite of services includes retirement planning, financial planning, tax minimization strategies, social security maximization, estate planning, investment management, asset management, risk management, and portfolio management.

What sets Retirement Income Source® apart from competitors is its emphasis on "The Income Model," which focuses on fixed-income investments like bonds to create a steady retirement income stream. This approach reduces exposure to stock market volatility, offering clients a more predictable and secure financial future.

Training

The franchise Retirement Income Source provides multiple training programs designed to support the setup and operation of franchisee businesses:

1. Pre-Opening Training: The Franchisor offers standard pre-opening training for the Principal Executive and up to two other employees. This training is conducted at the Franchisor’s headquarters or a designated business location. While the training itself is free, the Franchisee covers all travel, lodging, and related expenses.
2. New Franchisee Training: The Principal Executive is required to complete a mandatory training program for new franchisees. This must be done at least four weeks before the business begins operations.
3. On-Site Opening Assistance: The Franchisor provides at least one day of on-site training and support during the business's opening to assist with setup and operations.
4. Post-Opening Training: After the business is launched, the Franchisor may require the Principal Executive or other employees to attend additional training programs. These can be conducted in various formats and locations, with all related expenses covered by the Franchisee.
5. Ongoing Employee Training: Franchisees may be required to train their own staff using programs specified by the Franchisor to ensure consistent quality and standards.

Territory Protection

The Retirement Income Source franchise does not offer exclusive territory protection. Franchisees are assigned a territory but have no guarantee against the Franchisor or other franchisees operating within it.

The Franchisor may sell, license, or operate competing businesses in any area, including through online or direct sales. Franchisees can serve clients anywhere, but they are not compensated if others operate within their designated territory.