Tillman Hartley LLC

CRD#109479
Investment Advisor Firm

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Learn more about Tillman Hartley LLC

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

    • Overview

    Tillman Hartley LLC is a financial advisory company based in Denver, Colorado. Tillman Hartley LLC manages $512.8 million in total assets over 249 customer accounts, making it one of the bigger financial advisory firms in the nation by assets under management (AUM). The firm has a small team, including 4 financial advisors. Tillman Hartley LLC is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its customers' and own accounts and instead is required to go through a broker-dealer company to do so. Securities are exchangable fiscal investments such as bonds, options and stocks.

    Tillman Hartley LLC oversees all of the company's accounts on a discretionary basis. Discretionary management signifies that an investment advisor makes buy and sell decisions without needing to seek the customer's approval. The advisory firm's typical account size is $2.1 million. The typical financial advisor at Tillman Hartley LLC manages around 62 client accounts, making it about average in terms of personalization.

    The firm's central office is at 7900 E Union Ave, Denver, Colorado 80237. It is registered to provide services to investors across a few states, including California, Colorado, Delaware, Florida, Georgia, Massachusetts, North Carolina and Tennessee.

    Assets Under Management

    $512.8 million

    Number of Advisors

    4

    Disclosures

    No

    Office Location

    7900 E Union Ave
    Denver, CO 80237

    Tillman Hartley LLC by the Numbers

    Total Assets Under Management

    $512.8 million

    National Average: $8.6 billion
    Total Number of Employees

    5

    National Average: 64
    Total Number of Accounts

    249

    National Average: 375,227
    Average Account Size

    $2.1 million

    National Average: $23.0 thousand
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    Products and Services

    Tillman Hartley LLC offers multiple services, which can include financial planning services, portfolio management for individuals and small businesses, selection of other advisers and other services. In the last fiscal year, it provided financial planning services to 1-10 of its customers. The firm does not sell products or offer services aside from investment advisory services to its investment advisory clients. Tillman Hartley LLC also has a number of financial industry affiliations, including with a lawyer or law firm.

    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

    • 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.

    • Find a firm that offers this service

      Publication of Periodicals

      This is the publication of various financial education materials.

    • Find a firm that offers this service

      Educational Seminars/Workshops

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

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    Fee Structure

    Financial management fees largely depend on which service is offered. Fee types billed by the firm may include the following fee types: asset-based, hourly or fixed. 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.

    • 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.

    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 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

    The firm caters to retail investors, high net worth investors and charitable organizations. Out of its 249 customers, Tillman Hartley LLC's largest client type is high net worth investors, though it also manages money for 37 high-net-worth individuals. A high-net-worth individual is defined by the SEC as an investor who has at least $750,000 in AUM or a net worth of at least $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 clients reside abroad.

    • High-Net-Worth Individuals* - 72.55%
    • Other Individuals - 15.69%
    • Corporations - 0%
    • Charitable Organizations - 11.76%

    * 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

    Tillman Hartley LLC does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Tillman Hartley LLC

    Benjamin Cannon
    Denver, CO
    Kevin Schwall
    Denver, CO
    Gary Lutes
    Denver, CO
    Michael Tillman
    Denver, CO
    Robert Goldman
    Mill Valley, CA

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