Towers Watson Investment Services, Inc

CRD#110473
Investment Advisor Firm

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Learn more about Towers Watson Investment Services, Inc

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Towers Watson Investment Services, Inc is located at 233 South Wacker Drive, Chicago, IL. The firm employs 201 financial advisors to manage client portfolios and provide financial guidance. Towers Watson Investment Services, Inc is not a registered broker-dealer.

    Towers Watson Investment Services, Inc oversees $51.4 billion in assets under management across 123 accounts, of which 119 are discretionary and 4 are non-discretionary. The services offered include portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, market timing services, educational seminars, and other services. The firm caters to pension plans and state or municipal government entities, with pension plans being the largest client type by accounts. The fee structure at Towers Watson Investment Services, Inc includes asset-based, hourly, fixed, and other fees. The firm maintains affiliations with a broker-dealer or securities dealer, an insurance company or agency, a pension consultant, and a commodity pool advisor.

    Towers Watson Investment Services, Inc is registered in the states of California, Connecticut, Florida, Georgia, Illinois, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Texas, Virginia, and Washington.

    Assets Under Management

    $51.4 billion

    Number of Advisors

    201

    Disclosures

    No

    Office Location

    233 South Wacker Drive
    Chicago, IL 60606

    Towers Watson Investment Services, Inc by the Numbers

    Total Assets Under Management

    $51.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    208

    National Average: 64
    Total Number of Accounts

    123

    National Average: 375,227
    Average Account Size

    $417.7 million

    National Average: $23.0 thousand
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    Products and Services

    Towers Watson Investment Services, Inc provides a number of financial services, which can include portfolio management for pooled investment vehicles, portfolio management for institutional clients, pension consulting services, selection of other advisers, publication of newsletters, market timing services, educational seminars, and other services. Notably, Towers Watson Investment Services, Inc did not provide financial planning services to any of its customers in the prior fiscal year. It is engaged in selling products or offering services apart from investment advisory services to its clients.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

    • Offered by 0% of firms

      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

    • Offered by 3% of firms

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Offered by 6% of firms

      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    Fees for financial management usually depend on which services are provided. Fees charged by Towers Watson Investment Services, Inc can include some blend of the following fee structures: asset-based, hourly, fixed, or other.

    Available

    • Offered by 69% 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 21% of firms

      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.

    • Offered by 32% 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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    Unavailable

    • Find one of the 1% 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 26% of firms that offer this fee type

      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.

    • Find one of the 0% 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.

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    Types of Clients

    It caters to pension plans and state or municipal government entities. Out of its 2 clients, Towers Watson Investment Services, Inc's largest client type by number of accounts is pension plans.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * 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

    Towers Watson Investment Services, Inc does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Towers Watson Investment Services, Inc

    Cole Jacobs
    Atlanta, GA
    Joseph Auger
    Saint Louis, MO
    Samarth Zaveri
    Chicago, IL
    Travis Gaertner
    Seattle, WA
    Dana Brown
    Atlanta, GA
    Dakota Burke
    Atlanta, GA
    Benjamin Leach
    Chicago, IL
    Christy Loop
    Alpharetta, GA
    Beau Morrison
    Atlanta, GA

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    The content in this profile was updated by SmartAsset on 6/19/2024. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.

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