Tcw Asset Management Company LLC

CRD#105742
Investment Advisor Firm

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Overview

Tcw Asset Management Company LLC is a financial advisory firm that has its headquarters in Los Angeles, California. Tcw Asset Management Company LLC handles $51.5 billion in assets throughout 235 customer accounts, making it one of the largest investment advisory firms in the nation by assets under management (AUM). It has a large group of 393 employees, one hundred eighty-six of whom are financial advisors. Tcw Asset Management Company LLC does not act as a registered broker-dealer, meaning it cannot buy and sell securities for its accounts and those of its clients and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable fiscal investments like options, stocks and bonds.

Tcw Asset Management Company LLC manages all of its accounts in a discretionary manner. Discretionary management means that buy and sell choices are made by a portfolio manager without requiring the customer's authorization. The company's average account size is $219.3 million. An average financial advisor at Tcw Asset Management Company LLC manages about one client account, placing it among the most personalized firms in the country.

The firm's headquarters is located at 865 S Figueroa St, Los Angeles, California 90017-2593. Tcw Asset Management Company LLC is registered to serve clients across a few states, including California, Illinois, Massachusetts and New York.

Assets Under Management

$51.5 billion

Number of Advisors

186

Disclosures

No

Office Location

865 S Figueroa St
Los Angeles, CA 90017-2593

Tcw Asset Management Company LLC by the Numbers

Total Assets Under Management

$51.5 billion

National Average: $3.7 billion
Total Number of Employees

393

National Average: 29
Total Number of Accounts

235

National Average: 2,073
Average Account Size

$219.3 million

National Average: $1.8 million

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Fee Structure

Fees charged by financial advisors largely are based on which service is provided. Fee types billed by Tcw Asset Management Company LLC can be comprised of some combination of the following fee structures: asset-based, fixed or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by the firm.

Available

  • Offered by 74% of firms

    Percentage of Assets

    Show Explanation

    This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

  • Offered by 40% of firms

    Fixed

    Show Explanation

    Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

Unavailable

  • Find one of the 35% of firms that offer this fee type

    Hourly

    Show Explanation

    Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

  • Find one of the 2% of firms that offer this fee type

    Commissions

    Show Explanation

    Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

  • Find one of the 1% of firms that offer this fee type

    Subscription

    Show Explanation

    Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

  • Find one of the 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company works with a number of different investors. The company caters to high net worth investors, business development companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, sovereign wealth funds and corporations. Out of its 235 clients, Tcw Asset Management Company LLC's largest client by number of accounts is pooled investment vehicles, but it also caters to 27 high-net-worth individuals. The SEC defines a high-net-worth individual as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). Around 24% of the firm's clients are represented by non-U.S. persons.

  • High-Net-Worth Individuals* - 12.22%
  • Other Individuals - 0%
  • Corporations - 79.64%
  • Charitable Organizations - 8.14%

* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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Disclosures

Tcw Asset Management Company LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA