LSA TPM, LLC

LSA TPM, LLC is a small independent investment adviser that primarily serves retirement plans, offering pension consulting and retirement-plan advisory services for vehicles such as profit-sharing plans, ESOPs, 401(k)s and 403(b)s. The firm manages roughly $26 million across 21 plan clients and also provides model-portfolio and sub-advisory services to other registered investment advisors through a Fund Asset Allocation Program.

For plan clients LSA acts as an ERISA Section 3(38) fiduciary with discretionary authority to select, monitor, and replace plan investment options and to provide ongoing performance reporting and participant education. In its Program and sub-advisory work the firm builds, monitors, and supplies model portfolios (mutual fund and ETF-based) and research while third-party Advisors or overlay managers retain day-to-day trading implementation for those client accounts.

What is notable about LSA TPM is its institutional focus despite its small size: it concentrates on pension consulting and plan-level fiduciary management rather than serving retail individual (non‑HNW) clients, an uncommon mix for independent advisers of this scale. The firm also operates a separate analytics and model‑building business that supplies the research and model portfolios used in its sub-advisory relationships, producing a blend of ERISA discretionary services and non‑discretionary model‑provider arrangements.