Retirement Evolution Group

About Retirement Evolution Group

Retirement Evolution Group, LLC was a Florida-based limited liability company established on February 1, 2017, with John Gissas as its managing member. The firm primarily offered services such as retirement planning, life insurance, and investment management. Its main clientele were retirees, with a significant focus on residents of The Villages community in Florida.

The company's business model involved soliciting investors through newspaper advertisements and informational lunches and dinners. During these events, John Gissas would encourage attendees to invest in funds operated by Retirement Evolution Group. These funds, known as RE Fund and RE Fund 2, were presented as opportunities to invest in alternative investments promising monthly returns.

In July 2020, the Securities and Exchange Commission (SEC) initiated an emergency action against John Gissas and Retirement Evolution Group, LLC, among other individuals and entities. The SEC's complaint alleged their involvement in a large-scale fraud scheme orchestrated by Par Funding. According to the allegations, Retirement Evolution Group acted as one of the sales agents, raising money for Par Funding by offering and selling unregistered securities through its RE Funds. The SEC claimed that investors were misled about the nature of the business and the use of their funds. As a result of legal and operational issues, the company is now listed as inactive.