Townsend Asset Management Corp.

RIASEC Registered

Total AUM

$480M

Discretionary

$465M

97% of AUM

Avg account

$424K

Accounts

1,130

Employees

Advisory reps

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, owner-operated registered investment adviser; it has been SEC-registered since 1982. The firm serves both individual/family and institutional clients and offers a mix of portfolio management and financial planning services. Its advisory scope includes portfolio management for individuals, small businesses and institutions, fee arrangements billed as a percentage of AUM as well as hourly and fixed-fee engagements, and it also runs educational seminars and workshops. The firm does not identify as an active ESG investor.