Townsquare Capital, LLC (Provo)

Townsquare Capital, LLC is a large advisory firm based in Provo. It manages $1.08 billion of regulatory assets for 6,139 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 22 other states.

Townsquare Capital provides financial planning services, portfolio management for individuals and small businesses, and sub-advisory 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.

Townsquare Capital: assets under management

The assets under management (AUM) of Townsquare Capital, LLC is $1.08 billion. The firm's AUM has grown by 291% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $450.83 million in discretionary accounts and $627.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $150.53 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $199.65 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 48% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Townsquare Capital, LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Kurt Harold Brown serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Kurt Harold Brown is individuals with 2,500 clients and $578.55 million of assets under management. Among the 8 most similar advisory firms, Townsquare Capital has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $1.08 billion for 3,500 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.

Townsquare Capital doesn't advise any private funds.

Careers at Townsquare Capital, LLC

The company employs 49 people that are either part- or full-time employees. 92 percent of the employees work as investment advisers or researchers. 49 employees are registered as investment adviser representatives with the state securities authorities.

There are 6 people 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 receive compensation from other entities for client referrals.

Kurt Harold Brown has been acting as President since 1 Apr 2017. Llc Foundry Partners joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kurt Harold Brown	President	1 Apr 2017	Other	3225031
Michael James Folker	Chief compliance officer	1 Apr 2017	Other	6222428
Llc Foundry Partners	Managing member	1 Jun 2017	75% - 100%	82-1903423

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Kurt Harold Brown	Managing member	1 Jun 2017	75% - 100%	3225031
Michael James Folker	Member	1 Jun 2017	25% - 50%	6222428

Based in Provo

The principal office where Townsquare Capital, LLC performs its advisory services is located at 5314 River Run Drive, Provo, UT 84604, which is also the mailing address of the firm. An additional office of the firm is in Salt Lake City, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 385-375-8650 or by fax 385-375-8646. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.