Td Private Client Wealth LLC (New York)

Name: Td Private Client Wealth LLC
Address: 444 Madison Avenue, New York, NY, 10022
Telephone: 212-897-2399

Td Private Client Wealth LLC is a large advisory firm based in New York. It manages $3.24 billion of regulatory assets for 3,065 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 47 other states.

Td Private Client Wealth provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, selection of other advisers, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Td Private Client Wealth: assets under management

The assets under management (AUM) of Td Private Client Wealth LLC is $3.24 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 29600% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.24 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.06 million each.

Investments

The firm invests in exchange traded securities the most. They account for 64% of the total AUM. The second-largest asset type is state and local bonds, which make up 16% of the firm’s portfolio. Investments in government bonds form 10% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Td Private Client Wealth LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Td Private Client Wealth serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Td Private Client Wealth is high net worth individuals with 1,100 clients and $1.7 billion of assets under management. Among the 11 most similar advisory firms, Td Private Client Wealth has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $3.19 billion for 3,055 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Td Private Client Wealth doesn't advise any private funds.

Careers at Td Private Client Wealth LLC

The company employs 262 people that are either part- or full-time employees. 64 percent of the employees work as investment advisers or researchers. 149 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
National Association Td Bank	Owner	1 May 2012	75% - 100%	01-0137770
Kevin Lindsey Fein	Cco	1 May 2012	Other	1702993
Frank John Tripodi	Cfo, finop, coo	1 Jul 2012	Other	1593106
Kenneth Gerard Thompson	President and ceo	1 Oct 2012	Other	1510315
Paul Robert Walsh	Cco	1 Oct 2015	Other	3189041
Richard Seth Rosenthal	Cfo & finop	1 Aug 2016	Other	1670035
John Louis Iii Schautz	Coo	1 Aug 2016	Other	1430568
Markella Mihalios	Cco	1 Aug 2017	Other	6684275

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Td Bank Us Holding Company	Owner	1 Mar 1989	75% - 100%	01-0437984
Td Us P&C Holdings Ulc	Owner	1 Mar 2005	75% - 100%	98-0546017
The Toronto Dominion Bank	Owner	1 Mar 2005	75% - 100%	13-5640479
The Toronto Dominion Bank	Owner	1 Jul 2015	75% - 100%	13-5640479
Td Group Us Holdings Llc	Owner	1 Jul 2015	75% - 100%	47-4435262

Based in New York

The principal office where Td Private Client Wealth LLC performs its advisory services is located at 444 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Haddon Township, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-897-2399 or by fax 212-207-4194. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at tdbank.com.