Townsend Asset Management Corp.

RIASEC RegisteredEst. 1982
Total AUM
$480M
Discretionary
$465M
97% of AUM
Avg account
$424K
Accounts
1,130
Employees
7
Advisory reps
5

Firm details

Headquarters
Raleigh, North Carolina
CRD number
108216
Registered since
December 6, 1982
Website
www.northcarolinawealthmanagers.com
Custodians
CHARLES SCHWAB & CO., INC.
Fee structure
Percentage of AUM, Hourly Charges, Fixed Fees
Client types
  • HNWI81.19%
  • Individuals17.63%
  • Pension & Profit Sharing Plans0.81%
  • Corporations / Businesses0.25%
  • Charitable Organizations0.11%
Services
Financial PlanningPortfolio Management for IndividualsPortfolio Management for Institutional ClientsEducational Seminars / Workshops

Firm profile

FINTRX

Overview

Townsend Asset Management Corp. is an independent, SEC-registered advisory firm that has been operating since 1982. The firm is individually owned and serves both individual/family and institutional clients. Its advisory services include financial planning, portfolio management for individuals, small businesses and institutions, and educational seminars or workshops. Fee arrangements are flexible and include percentage-of-AUM billing as well as hourly and fixed-fee engagements. The firm does not market itself as an active ESG investor and is not designated as a capital allocator.

Assets & Accounts

Public Holdings

Investments & Alternatives

Read the full firm profile in FINTRX →

Investment profile

FINTRX

Traditional investments used

Alternative investments used

Active ESG investor

Technology & operations

FINTRX

CRM & tech providers

TAMPs used

Clients

FINTRX

Client base

Client personas

Asset composition

Asset composition: Public Funds/Mutual Funds 45%, Exchange Traded Equities 44%, US Government Bonds 7%, Cash & Cash Equivalents 4%, Other 1%45%
  • Public Funds/Mutual Funds45%
  • Exchange Traded Equities44%
  • US Government Bonds7%
  • Cash & Cash Equivalents4%
  • Other1%

Owners & executives

3 of 3
  • Gerald Townsend

    Gerald Townsend

    Chief Executive OfficerCRD 1066014

  • James Tarkenton

    James Tarkenton

    President, Chief Investment OfficerCRD 5090436

  • Caleb Griffith

    Caleb Griffith

    Chief Operating Officer & Chief Compliance OfficerCRD 5969073

Contacts

2 of 2

  • Katrina Townsend

    OwnerCRD 2063425

  • Arne Morris

    Arne Morris

    Wealth AdvisorCRD 3151988

Wealth teams

FINTRX

Newly hired reps

FINTRX

Recent M&A activity

FINTRX

Recent filings

FINTRX

Awards

FINTRX

ETF holdings

1 of 136

Active vs passive

$126M in ETFs

Passive

83%

$104M

Active

16%

$21.5M

ETFProviderStyleCategoryValueShares% of portfolio
INVESCO QQQ TRUST SERIES 1 (QQQ)InvescoPassiveLarge Growth$21.8M29,55917.32%
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Location

Primary office

Raleigh, NC

Wake

Location

Raleigh, NC

Headquartered in Raleigh, NC, anchoring the Raleigh-Durham-Cary, NC metro in the South.

Metro area
Raleigh-Durham-Cary, NC
Region
South
County
Wake
Address
3110 Edwards Mill Rd
Time zone
ET (UTC-5)
Office locations

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Source: FINTRX private wealth data intelligence

Intelligence for Private Wealth