Tallwoods Partners, LLC (Chicago)


Tallwoods Partners, LLC is a large advisory firm based in Chicago. It manages $183.08 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Illinois.

Tallwoods Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tallwoods Partners: assets under management

The assets under management (AUM) of Tallwoods Partners, LLC is $183.08 million. The firm's AUM has grown by 83% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $65.55 million in discretionary accounts and $117.53 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.36 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $19.59 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 67% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 17% of the firm’s portfolio. Investments in investment and business development companies form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tallwoods Partners, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based 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 Tallwoods Partners serves?

The only and largest group of clients of Tallwoods Partners is high net worth individuals with 6 clients and $80.78 million of assets under management. Among the 8 most similar advisory firms, Tallwoods Partners has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $80.78 million for 6 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.

Tallwoods Partners doesn't advise any private funds.

Careers at Tallwoods Partners, LLC

The company employs 1 person that is either a part- or full-time employee. 100 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Lisa Ann Togneri Chief compliance officer/ managing director/ member 1 Jul 2013 Other 4995788
Lawrence Ross Morgenthal Managing director 1 Jul 2013 Other 4291733
Michael Seth Resnick Managing director 1 Jul 2013 Other 1562045
Lisa Ann Togneri Managing director 1 Aug 2013 Other 4995788
Lawrence Ross Morgenthal Managing director 1 Aug 2013 Other 4291733
Michael Seth Resnick Chief compliance officer/ managing director 1 Aug 2013 Other 1562045
Valley Path Partners Llc Member 1 Aug 2013 75% - 100% 46-3369640
Steven Harris Bloom Member 1 Aug 2013 Other 1202884
Steven Harris Bloom Managing director 1 Sep 2013 Other 1202884

Based in Chicago

The principal office where Tallwoods Partners, LLC performs its advisory services is located at 318 W Adams St, Chicago, IL 60606, 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 312-283-3697. The normal business hours are 8:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at tallwoods.com.