Tolleson Private Wealth Management
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Learn more about Tolleson Private Wealth Management
Tolleson Private Wealth Management is a financial advisory company located in Dallas, Texas. The company manages $7.6 billion in assets throughout 3,857 customer accounts, making it one of the biggest firms in the United States by assets under management (AUM). It has a large group, including 89 financial advisors. Tolleson Private Wealth Management is not a registered broker-dealer, signifying that the advisor is not able to buy and sell securities for its accounts and those of its customers and instead has to go through a broker-dealer firm to do so. Securities are defined as tradable financial investments like bonds, equities and options.
Tolleson Private Wealth Management manages 3,479 of the firm's client assets in a discretionary manner. Discretionary management signifies that buy and sell decisions are made by an investment advisor without requiring client consent. It also manages 378 non-discretionary accounts with a total of $168.7 million in assets. The investment advisory firm administers about $2.0 million in assets for every customer account. The average financial advisor at Tolleson Private Wealth Management oversees about 43 client accounts, placing it towards the middle in terms of personalization.
The company's main office is located at 1722 Routh Street, Dallas, Texas 75201. Tolleson Private Wealth Management is legally permitted to serve clients throughout a number of states, including Arizona, California, Colorado, Florida, Louisiana, New York and Texas.
Assets Under Management
Number of Advisors
Tolleson Private Wealth Management by the Numbers
Products and Services
Tolleson Private Wealth Management offers a variety of services, which can include financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, selection of other advisers and other services. In the last fiscal year, the company provided 101-250 of its clients with financial planning services. The firm does sell products or offer services different than investment advice to its customers. Tolleson Private Wealth Management is also affiliated with a number of other companies in the financial services industry, including with a banking or thrift institution.
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
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.
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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This is the hosting of seminars or workshops to educate investors on financial concepts.
Financial management fees usually are based on the type of services offered. Fee types charged by the company likely consist of the following fee structures: asset-based, hourly or fixed. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the firm.
Offered by 69% of firms
Percentage of AssetsShow 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
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 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 1% of firms that offer this fee type
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
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
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
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
It works with high net worth investors, banking institutions, pooled investment vehicles and charitable organizations. Out of its 3,857 accounts, Tolleson Private Wealth Management's biggest client group is high net worth investors, but it also manages money for 211 high-net-worth individuals. A high-net-worth individual is defined by the SEC as someone 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). None of the company's clients are non-U.S. persons.
- High-Net-Worth Individuals* - 91.74%
- Other Individuals - 0%
- Corporations - 7.83%
- Charitable Organizations - 0.43%
* 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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Tolleson Private Wealth Management does not have any disclosures.
Please visit its Form ADV for more details.
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