Tower Asset Management LLC is a large advisory firm based in Beverly Hills. It manages $384 million of regulatory assets for 1,200 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.
Tower Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Tower Asset Management LLC is $384 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has a single stream of revenue. Clients pay Tower Asset Management 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.
James David Portman has been acting as President since 1 Nov 1999. Inc Sws Group joined the executive team most recently as the Indirect Owner.
The principal office where Tower Asset Management LLC performs its advisory services is located at 8350 Wilshire Blvd, Beverly Hills, CA 90211, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 323-658-4466 or by fax 323-658-4475. The normal business hours are 8:00a.m. to 5:00p.m. on Monday - Friday. You can find more information about the New York firm at www.towerasset.com.