Townsend Holdings LLC

CRD#160006
Investment Advisor Firm

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Overview

Townsend Holdings LLC operates as a financial advisor company headquartered in Cleveland, Ohio. Townsend Holdings LLC oversees $23.9 billion in assets across 68 client accounts, placing it among the largest investment advisory firms in the country by assets under management (AUM). The company has a large team, including 82 financial advisors. Townsend Holdings LLC is not a registered broker-dealer, meaning the firm is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are exchangable financial investments such as options, bonds and stocks.

Townsend Holdings LLC manages more than half of the firm's accounts in a discretionary manner. Discretionary management signifies that an investment advisor makes buy and sell choices for the client's account without needing the client's consent. The firm also manages 10 non-discretionary accounts totaling $5.3 billion in AUM. The firm's typical account size is $351.6 million. The typical financial advisor at Townsend Holdings LLC manages fewer than one client account, placing it among the most individualized financial advisor firms in the country.

The firm's headquarters is at 950 Main Avenue, Cleveland, Ohio 44113.

Assets Under Management

$23.9 billion

Number of Advisors

82

Disclosures

No

Office Location

950 Main Avenue
Cleveland, OH 44113

Townsend Holdings LLC by the Numbers

Total Assets Under Management

$23.9 billion

National Average: $8.6 billion
Total Number of Employees

122

National Average: 64
Total Number of Accounts

68

National Average: 375,227
Average Account Size

$351.6 million

National Average: $23.0 thousand
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Products and Services

Townsend Holdings LLC offers multiple financial services, which can include portfolio management for pooled investment vehicles, portfolio management for institutional clients and selection of other advisers. The firm is not involved in selling products or offering services other than investment advisory services to its investment advisory clients. Townsend Holdings LLC is also affiliated with one or more other service providers in the financial services industry, including with a broker-dealer or securities dealer, banking or thrift institution, pension consultant and commodity pool advisor.

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.

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    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.

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    Publication of Periodicals

    This is the publication of various financial education materials.

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    Educational Seminars/Workshops

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

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Fee Structure

Fees charged by financial advisors typically are based on the financial services offered. However, fee types charged by Townsend Holdings LLC can include any combination of the following fee structures: asset-based, hourly, fixed, performance-based or other. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

Available

  • Offered by 69% of firms

    Percentage of Assets

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    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 26% 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 32% of firms

    Fixed

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    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

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    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

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    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 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

The firm does business with a broad range of clients. The company works with pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies and sovereign wealth funds. Out of its 68 clients, Townsend Holdings LLC's biggest client is pooled investment vehicles. Around 57% of the firm's accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 98.53%
  • Charitable Organizations - 1.47%

* 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

Townsend Holdings LLC does not have any disclosures.

Please visit its Form ADV for more details.

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