Tci Wealth Advisors, Inc. (Tucson)


Tci Wealth Advisors, Inc. is a large advisory firm based in Tucson. It manages $2.46 billion of regulatory assets for 7,640 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Arizona, California, Colorado, and 28 other states.

Tci Wealth Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for approximately 3,500 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tci Wealth Advisors: assets under management

The assets under management (AUM) of Tci Wealth Advisors, Inc. is $2.46 billion. The firm's AUM has grown by 164% since the beginning of its operation, and $2.68 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.41 billion in discretionary accounts and $55.62 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $325.31 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $235.66 thousand.
Tci Wealth Advisors has custody of $2.41 billion in cash and securities for 3,394 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 88% of the total AUM. The second-largest asset type is exchange traded securities, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tci Wealth Advisors, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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 Lori Ann Booth Houle 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 Lori Ann Booth Houle is high net worth individuals with 648 clients and $1.86 billion of assets under management. Among the 10 most similar advisory firms, Tci Wealth Advisors has the 3rd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $2.46 billion for 2,167 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Tci Wealth Advisors doesn't advise any private funds.

Careers at Tci Wealth Advisors, Inc.

The company employs 77 people that are either part- or full-time employees. 31 percent of the employees work as investment advisers or researchers. 24 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lori Ann Booth Houle has been acting as President since 1 Jan 2016. Michael Anthony Grosso joined the executive team most recently as the Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Robert Clarkson Swift President 1 Jan 1990 Other 1212588
Kenneth Gerhard Riebe Shareholder 1 Jan 2005 Other 1770775
John Joseph Stephens Shareholder 1 Jan 2005 Other 4535774
Robert C. And Lisa Y. Swift Living Trust Shareholder 1 Mar 2005 Other xxx-xx-xxxx
John J. And Kelly H. Stephens Family Trust Shareholder 1 Mar 2005 Other xxx-xx-xxxx
Douglas Lee Nelson Shareholder 1 Jan 2008 Other 2614473
Trisa Marie Summers Shareholder 1 Jan 2008 Other 4839071
Lisa Yvonne Swift Assistant cco 1 Feb 2008 Other 2557136
Michael Anthony Grosso Shareholder 1 Apr 2008 Other 2979301
Catherine Ann Nichols President, treasurer, and chief compliance officer 1 May 2008 Other 5538588
Michael And Michelle Abeshaus Family Trust Shareholder 1 Jan 2012 Other 18-6382469
The Justin M. And Julie A Thomas Family Trust Shareholder 1 Jan 2012 Other 56-2519267
The Peck Revocable Trust Shareholder 1 Jan 2012 Other 52-7985397
Summers Family Trust Shareholder 1 Jan 2012 Other 45-6847918
Guy Wesley Holman Shareholder 1 Jan 2012 Other 4601026
Samuel Thomas Swift Shareholder 1 Jan 2012 Other 5495465
Michael Anthony Grosso Living Trust Shareholder 1 Jan 2015 Other xxx-xx-xxxx
Trisa Marie Summers Chief executive officer 1 Feb 2015 Other 4839071
Robert Clarkson Swift Director 1 Feb 2015 Other 1212588
Moss Family Trust Shareholder 1 Jan 2016 Other xxx-xx-xxxx
Lori Ann Booth Houle Director 1 Jan 2016 Other 4521162
John Joseph Stephens Chief executive officer 1 May 2016 Other 4535774
Michael Anthony Grosso Director 1 Jul 2017 Other 2979301

Indirect Owners

The SEC currently registers 13 indirect owners.

Name Entity Date acquired Ownership Employer ID
John Joseph Stephens Trustee 1 Nov 1995 50% - 75% 4535774
Kelly H Stephens Trustee 1 Nov 1995 50% - 75% 5341443
Robert Clarkson Swift Trustee 1 Aug 1999 50% - 75% 1212588
Lisa Yvonne Swift Trustee 1 Aug 1999 50% - 75% 2557136
Michael Abeshaus Trustee 1 Jan 2012 75% - 100% 5572046
Justin Matthew Thomas Trustee 1 Jan 2012 75% - 100% 5259220
Henry Thomas Peck Trustee 1 Jan 2012 75% - 100% 2107644
Trisa Marie Summers Trustee 1 Jan 2012 75% - 100% 4839071
Michelle Ann Abeshaus Trustee 1 Jan 2012 75% - 100% 6631702
James Bradley Summers Trustee 1 Jan 2012 75% - 100% 6631705
Michael Anthony Grosso Trustee 1 Dec 2015 75% - 100% 2979301
William Dwight Moss Trustee 1 Jan 2016 75% - 100% 2839127
Peggy Moss Trustee 1 Jan 2016 75% - 100% 6631708

Based in Tucson

The principal office where Tci Wealth Advisors, Inc. performs its advisory services is located at 4011 East Sunrise Drive, Tucson, AZ 85718, which is also the mailing address of the firm. An additional office of the firm is in Scottsdale, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 520-733-1477 or by fax 520-733-1488. The normal business hours are 7:30am-4:30pm on Monday - Friday. You can find more information about the New York firm at tciwealth.com.