Thompson Siegel & Walmsley LLC (Richmond)

Thompson Siegel & Walmsley provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and unified managed accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Thompson Siegel & Walmsley: assets under management

The assets under management (AUM) of Thompson Siegel & Walmsley LLC is $19.88 billion. The firm's AUM has grown by 161% since the beginning of its operation, and $2.22 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $18.78 billion in discretionary accounts and $1.1 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $189.27 thousand.

Thompson Siegel & Walmsley has custody of $90.94 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio. Investments in investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Thompson Siegel & Walmsley LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lawrence Edward Gibson serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lawrence Edward Gibson is investment companies with 15 clients and $10.7 billion of assets under management. Among the 11 most similar advisory firms, Thompson Siegel & Walmsley has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $17.21 billion for 340 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.

Thompson Siegel & Walmsley also advises several private funds. Namely, one hedge fund and three other private funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $10,000,000.

Careers at Thompson Siegel & Walmsley LLC

The company employs 74 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 22 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Lawrence Edward Gibson has been acting as President since 1 Jul 2005. Brett Phelan Hawkins has served as the Chief Investment Officer since 1 Jan 2015. Wayne Winborne Boyles joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 12 indirect owners.

Based in Richmond

The principal office where Thompson Siegel & Walmsley LLC performs its advisory services is located at 6641 West Broad Street, Richmond, VA 23230, 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 804-353-4500 or by fax 804-353-0925. The normal business hours are 8:00 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at investmentadviser.org (hyperlink).

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