Towercrest Capital Management, LLC

CRD#152069
Investment Advisor Firm

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Learn more about Towercrest Capital Management, LLC

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

    • Overview

    Towercrest Capital Management, LLC operates as an advisory firm that has its headquarters in Newtown, Pennsylvania. It handles $510.5 million in assets over 1,301 client accounts, placing it among the larger firms in the United States by assets under management (AUM). The company has a small team, including 1 financial advisor. Towercrest Capital Management, LLC is not a registered broker-dealer, meaning the advisor is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial assets such as options, bonds and stocks.

    Towercrest Capital Management, LLC manages all of its accounts on a discretionary basis. Discretionary management means that transaction decisions are made by a portfolio manager without requiring client consent. The firm supervises about $392,355 for every account. An average financial advisor at Towercrest Capital Management, LLC manages around 1,301 client accounts.

    The firm's main office is located at 41 University Drive, Newtown, Pennsylvania 18940. The firm is allowed to provide services to customers throughout a few states, including New Jersey, North Carolina and Pennsylvania.

    Assets Under Management

    $510.5 million

    Number of Advisors

    1

    Disclosures

    No

    Office Location

    41 University Drive
    Newtown, PA 18940

    Towercrest Capital Management, LLC by the Numbers

    Total Assets Under Management

    $510.5 million

    National Average: $8.6 billion
    Total Number of Employees

    1

    National Average: 64
    Total Number of Accounts

    1,301

    National Average: 375,227
    Average Account Size

    $392.4 thousand

    National Average: $23.0 thousand
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    Products and Services

    Towercrest Capital Management, LLC offers a number of financial services, which can consist of financial planning services, portfolio management for individuals and small businesses and pension consulting services. However, it did not provide financial planning services to any of its clients in the prior financial year. The firm is not engaged in selling products or offering services aside from investment advice to its investment advisory accounts.

    Core Advisor Services

    • Offered by 31% of firms

      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.

    • Offered by 46% of firms

      Portfolio Management

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

    • Find a firm that offers this service

      Market Timing Services

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

    Other Services

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    Fee Structure

    Fees for financial advisory services depend on the type of services offered. Fee types charged by the firm can include the following fee structures: asset-based or hourly. Wrap fee programs, or the practice of bundling services for a single fee, are offered by the firm.

    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.

    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.

    • Find one of the 32% of firms that offer this fee type

      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.

    • Find one of the 10% 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

    It caters to retail investors, high net worth investors and other investment advisers. Out of its 1,301 accounts, Towercrest Capital Management, LLC's biggest client type by number of accounts is retail investors, although it also manages money for 28 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management 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). None of the company's accounts are from outside of the U.S.

    • High-Net-Worth Individuals* - 41.18%
    • Other Individuals - 58.82%
    • Corporations - 0%
    • 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

    Towercrest Capital Management, LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Towercrest Capital Management, LLC

    Curtis Snyder
    ,

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