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Tower Square Securities, Inc. (New York)


Tower Square Securities, Inc. is a large advisory firm based in New York. It manages $299.24 million of regulatory assets for 2,129 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Alabama, Alaska, Arkansas, and 45 other states.

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Tower Square Securities 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.

Tower Square Securities: assets under management

The assets under management (AUM) of Tower Square Securities, Inc. is $299.24 million. The firm's AUM has grown by 625% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $50.22 million in discretionary accounts and $249.01 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $216.47 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $131.27 thousand.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tower Square Securities, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Tower Square Securities, Inc.

Alan Francis Monbaron has been acting as President since 1 Sep 2002. Andre Theodore Carrier joined the executive team most recently as the Chief Operations Officer.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
George Charles Kokulis Member of the board of directors 1 Apr 1995 Other 1070827
Plaza Llc Shareholder 1 Mar 1996 75% - 100% 06-0566090
William Francis Iii Scully Member of the board of directors 1 Apr 1996 Other 1129216
Stuart Leslie Baritz Vice president 1 Sep 1996 Other 806207
Donald Robert Jr Munson Senior vice president 1 Nov 1996 Other 1217874
William Angelo Asteriades Treasurer and chief financial officer 1 Apr 1998 Other 3032407
John Joseph Jr Williams Assistant secretary 1 Jul 1998 Other 1323419
Thomas Paul Tooley Vice president 1 Jul 1998 Other 1153796
Whitney Fairchild Burr Vice president 1 Sep 1998 Other xxx-xx-xxxx
Cynthia Pace Macdonald Vice president, general counsel and secretary 1 Oct 1998 Other 853900
Glenn David Lammey Member of the board of directors 1 May 2000 Other 4197208
George Emmanuel Markoulakis Vice president - operations 1 Jul 2000 Other 1783378
Ernest James Wright Assistant secretary 1 Sep 2000 Other xxx-xx-xxxx
Edward William Jr Cassidy President and ceo 1 Sep 2000 Other 1606787
Russell Henry Johnson Member of the board of directors 1 Oct 2000 Other 1020749
Warren Hamilton May Chairman of the board 1 Oct 2000 Other 841460
Mark Anthony Larose Vice president 1 Oct 2000 Other 4244126
Stephen Edward Abbey Vp and chief compliance officer 1 Nov 2000 Other 710829
Joanne Katherine Russo Senior vice president-chief marketing officer 1 Jan 2001 Other 2689534
Edward William Jr Cassidy President, ceo and member of the board of directors 1 Mar 2001 Other 1606787
Ernest James Wright Corporate secretary 1 Mar 2002 Other xxx-xx-xxxx
John Mcallister Laverty Treasurer and chief financial officer 1 Apr 2002 Other 4486342
Joseph F Iii Shiman Vice president of marketing 1 May 2002 Other 2724297
Edward William Jr Cassidy Chairman of the board, pres., ceo & member of the board of directors 1 Aug 2002 Other 1606787
Joanne Katherine Russo Senior vice president- administration 1 Sep 2002 Other 2689534
George Emmanuel Markoulakis Vice president - operations and trading 1 Sep 2002 Other 1783378
Mark Anthony Larose Vice president and chief operating officer 1 Sep 2002 Other 4244126
Alan Francis Monbaron Director 1 Sep 2002 Other 1530517
Barrett Newman Sidel Assistant secretary 1 Sep 2002 Other 2391120
Lewis Franklin Iii Beers Assistant secretary 1 Sep 2002 Other xxx-xx-xxxx
Judith Addazio Assistant treasurer 1 Dec 2002 Other xxx-xx-xxxx
Judith Anne Addazio Assistant treasurer 1 Dec 2002 Other xxx-xx-xxxx
Margret Lore Witt Director 1 Jan 2003 Other 470773
Cynthia Perdue Hubler Director 1 Jan 2003 Other 1943185
Richard N. Bush Vice president-taxes 1 Feb 2003 Other xxx-xx-xxxx
Richard Norman Bush Vice president-taxes 1 Feb 2003 Other xxx-xx-xxxx
Edward William Jr Cassidy Chairman of the board, ceo & member of the board of directors 1 Apr 2003 Other 1606787
Gifford John Hurley President and member of the board of directors 1 Apr 2003 Other 1171989
Stephen Edward Abbey Vp and home office supervisor 1 Jan 2004 Other 710829
Moira Cronan Lowe Vp and chief compliance officer 1 Jan 2004 Other 4076427
Joanne Katherine Russo Senior vice president and chief operations officer 1 Mar 2004 Other 2689534
Mark Anthony Larose Vice president and chief technology officer 1 Mar 2004 Other 4244126
Katherine Mary Siino Director - internal review 1 Mar 2004 Other 1666402
Edwin Lee Kerr General counsel and assistant secretary 1 Mar 2004 Other xxx-xx-xxxx
Katherine Siino Director - internal review 1 Mar 2004 Other 1666402
George Randyll Feid Executive vice president 1 Dec 2004 Other 1719576
Todd Locke Thompson Director, policies and procedures 1 Dec 2004 Other 2247134
George Randyll Feid President and member of the board of directors 1 Feb 2005 Other 1719576
Craig William Markham President and member of the board of directors 1 Jul 2005 Other 1383638
Leonard Mark Bakal Chief compliance officer and aml officer 1 Jul 2005 Other 2537778
Robert Henry Petersen Chief financial officer 1 Jul 2005 Other 361234
Virgelan Ernesto Aquino Director of operations 1 Jul 2005 Other 2976229
Michael Kevin Farrell Member of the board of directors 1 Jul 2005 Other 854508
William John Toppeta Member of the board of directors 1 Jul 2005 Other 2835140
Gwenn Louise Carr Secretary 1 Jul 2005 Other xxx-xx-xxxx
Anthony James Williamson Treasurer 1 Jul 2005 Other xxx-xx-xxxx
Nancy Louise Ricciardi Senior registered options principal 1 Jul 2005 Other 1901005
Paul G. Cellupica Chief legal officer 1 Jul 2005 Other xxx-xx-xxxx
Paul Gerard Cellupica Chief legal officer 1 Jul 2005 Other xxx-xx-xxxx
Paul Cellupica Chief legal officer 1 Jul 2005 Other xxx-xx-xxxx
Andre Theodore Carrier Senior registered options principal and compliance registered options principal 1 Oct 2005 Other 2257728
Norman Robert Lazarus Chief compliance officer and aml officer 1 Dec 2005 Other 1987639
Robert Begun Co-chief operations officer 1 Dec 2005 Other 4436053
Donald Roy Kaplan Chief compliance officer 1 Apr 2006 Other 1727509
Jeffrey Paul Halperin Anti-money laundering officer 1 Apr 2006 Other 2899327
Laurie Lennox Chief compliance officer 1 Jun 2006 Other xxx-xx-xxxx
James Dwyer Vice president, licensing and registration 1 Aug 2006 Other xxx-xx-xxxx
Marc Allan Cohn Chief compliance officer, investment adviser 1 Oct 2006 Other 2464524
John Gregory Martinez Chief financial officer 1 May 2007 Other 2210722
Eric Steigerwalt Treasurer 1 May 2007 Other xxx-xx-xxxx
Virgelan Ernesto Aquino Chief compliance officer, broker dealer 1 Oct 2007 Other 2976229
John Joseph Brett Chairman of the board 1 Mar 2008 Other 726194
Michael J Lacek Chief legal officer 1 Mar 2008 Other xxx-xx-xxxx
Steven Jeffrey Goulart Treasurer 1 Aug 2009 Other xxx-xx-xxxx
Jeffrey A Welikson Secretary 1 Aug 2009 Other 4731011
Isaac Torres Secretary 1 May 2010 Other xxx-xx-xxxx
Elizabeth Mary Forget Director 1 Jun 2012 Other 2767945
Andre Theodore Carrier Chief operations officer 1 Apr 2013 Other 2257728
Rashid Ismail President and chairman 1 Apr 2013 Other 5860331

Indirect Owners

The SEC currently registers 9 indirect owners.

Name Entity Date acquired Ownership Employer ID
Citigroup Inc. Shareholder 1 Dec 1988 75% - 100% 52-1568099
Inc. The Travelers Insurance Group Shareholder 1 May 1994 75% - 100% 06-0566090
Inc. Associated Madison Companies Shareholder 1 Nov 1994 75% - 100% 58-1708749
Inc. Pfs Services Shareholder 1 Sep 1995 75% - 100% 06-1008174
The Travelers Insurance Company Shareholder 1 Mar 1996 75% - 100% 06-0566090
Metlife Insurance Company Of Connecticut (Formerly Travelers Insurance Company) Shareholder 1 Mar 1996 75% - 100% 06-0566090
Citigroup Insurance Holding Corporation Shareholder 1 Apr 2002 75% - 100% 58-1708749
Inc. Associated Madison Companies Shareholder 1 Apr 2002 75% - 100% 13-3140258
Inc. Metlife Parent 1 Jul 2005 75% - 100% 13-4075851

Based in New York

The principal office where Tower Square Securities, Inc. performs its advisory services is located at 1095 Avenue Of The Americas, New York, NY 10036 The mailing address of the firm is C/O Metlife Securities, Inc., New York, NY 10036. An additional office of the firm is in Bristol, VT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-578-0594 or by fax 908-552-2851. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at www.towersquare.com.


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