Townsend Group Investments (Malibu)

Name: Townsend Group Investments
Address: 22601 Pacific Coast Hwy, Malibu, CA, 90265
Telephone: 310-456-1645

Townsend Group Investments is a large advisory firm based in Malibu. It manages $132.42 million of regulatory assets for 101 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California and Texas.

Townsend Group Investments provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Townsend Group Investments: assets under management

The assets under management (AUM) of Townsend Group Investments is $132.42 million. The firm's AUM has grown by 223% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $129.21 million in discretionary accounts and $3.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.32 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.07 million.

Investments

The firm invests in exchange traded securities the most. They account for 84% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 16% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Townsend Group Investments for their services and products based on a percentage of assets under management. 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 David Randall Butterworth serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of David Randall Butterworth is high net worth individuals with 32 clients and $124.44 million of assets under management. Among the 8 most similar advisory firms, Townsend Group Investments has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $132.42 million for 53 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.

Townsend Group Investments doesn't advise any private funds.

Careers at Townsend Group Investments

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. No 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 doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Randall Butterworth has been acting as President since 1 Mar 2008. Thomas Brook Townsend joined the executive team most recently as the Vice President, Director Of Business Development.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Thomas Brook Townsend	President, secretary, cfo	1 Dec 1977	75% - 100%	448603
Thomas Brook Townsend Iii	President, secretary, cfo	1 Dec 1977	75% - 100%	448603
David Randall Butterworth	Vice president	1 Jul 1992	Other	1639259
Iii 1991 Rev Sep Ppty Trust Thomas Brook Townsend Iii Trustee The T. Brook Townsend	Direct owner	1 Dec 2007	50% - 75%	xxx-xx-xxxx
David Randall Butterworth	President/ceo, secretary, cfo, chief compliance officer, chairman of the board	1 Mar 2008	50% - 75%	1639259
Thomas Brook Townsend Iii	Chairman emeritus	1 Mar 2008	Other	448603
Thomas Brook Townsend	Vice president	1 Mar 2008	Other	5192070
Iii 1991 Rev Sep Ppty Trust Thomas Brook Townsend Iv & Blair Lorell Townsend Trustees The T. Brook Townsend	Direct owner	1 Dec 2009	50% - 75%	xxx-xx-xxxx
Thomas Brook Townsend	Vice president/ttee of trust which is direct owner	1 Dec 2009	50% - 75%	5192070
Iii 1991 Rev Sep Ppty Trust Thomas Brook Townsend Iv & Kenneth Macdonald Townsend Trustees The T. Brook Townsend	Direct owner	1 Dec 2009	50% - 75%	xxx-xx-xxxx
Kenneth Macdonald Townsend	Trustee of trust which is direct owner	1 Dec 2009	50% - 75%	5773407
Blair Lorell Townsend	Trustee of trust which is direct owner	1 Dec 2013	50% - 75%	6313285
Thomas Brook Townsend	Vice president, director of business development	1 Oct 2015	50% - 75%	5192070

Based in Malibu

The principal office where Townsend Group Investments performs its advisory services is located at 22601 Pacific Coast Hwy, Malibu, CA 90265, 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 310-456-1645 or by fax 310-456-7840. The normal business hours are 8:30 am - 4:30 pm on Monday - Friday. You can find more information about the New York firm at townsendgroupinvestments.com.