Townsend Asset Management CORP.
Assets Under Management
$445.6M
Number of Clients
442
Number of Advisors
3
Average Client AUM
$1.0M
AUM per Advisor
$148.5M
Compensation
Fee-Only (AUM)Fixed/Hourly
About This Firm
Townsend Asset Management Corp. offers investment management based on client goals, financial planning covering various life issues, tax preparation, consulting, and wealth management. Services are tailored to individual client needs and may include discretionary or non-discretionary management.
Fee Structure
AUM-Based Fees (Tiered)
| Assets Under Management | Annual Fee |
|---|---|
| Up to $2.0M | 1.00% |
| $2.0M - $3.0M | 0.90% |
| $3.0M - $4.0M | 0.80% |
| $4.0M - $5.0M | 0.70% |
| $5.0M - $6.0M | 0.60% |
| $6.0M - $7.0M | 0.50% |
| $7.0M - $10.0M | 0.40% |
| $10.0M - $15.0M | 0.35% |
| $15.0M - $20.0M | 0.30% |
| $20M+ | 0.30% |
Fees over $20 million are quoted.
Fee Estimator
Investment management fees range from 0.25% to 1.35% annually, decreasing as assets under management increase. Fees for consulting, tax preparation, and financial planning are determined hourly ($250-$500), as a flat fee, or as a retainer. Wealth management fees are individually quoted. There is no stated minimum account size, but a minimum fee may be required.
Areas of Practice
Location
3110 Edwards Mill Road, Ste 150, Raleigh, NC, 27612