The Townsend Group, Inc is a large advisory firm based in Cleveland. It manages $2.5 billion of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, and Ohio.
The Townsend Group provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and market timing 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.
The assets under management (AUM) of The Townsend Group, Inc is $2.5 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -86% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay The Townsend Group, Inc for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
Terrance Richard Ahern has been acting as President since 1 Jul 1986. Martin Joseph Rosenberg joined the executive team most recently as the Chief Compliance Officer And General Counsel.
The principal office where The Townsend Group, Inc performs its advisory services is located at 1660 W 2 Nd St., Ste 450, Cleveland, OH 44113 1454, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (216) 781-9090 or by fax (216) 781-1407. The normal business hours are 8:30 a.m. to 5:30 p.m. on Monday - Friday. You can find more information about the New York firm at www.townsendgroup.com.