Townsend Asset Management Corp.
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$473,941,194
Clients
382
31% high-net worth
Advisors
3
of 7 employees
Firm type
Supported
1-3 advisors or $200M+ in AUM
Clients per advisor
127
Very HighAverage account size
$1,240,684
About
Townsend Asset Management Corp. serves individuals (including high-net-worth clients), trusts, partnerships, corporations, non-profits and retirement plans, providing investment management, financial planning, consulting, and tax preparation services. The firm also offers a bundled "wealth management" service that combines investment management, financial planning, tax preparation and consulting under a single engagement.
Townsend describes a disciplined process that begins with goal-setting and resource review, and employs both fundamental and technical analysis to guide asset allocation, security selection, and ongoing portfolio monitoring; accounts are typically managed on a discretionary basis. Portfolios are generally long-term oriented but may include short-term purchases, limited option strategies, and occasional alternative investments, with quarterly performance and allocation reporting.
Noteworthy for a three-advisor firm, Townsend manages roughly $479.6 million in client assets and explicitly provides in-house tax return preparation and planning, alongside advisors who may be licensed to offer insurance or annuity products—arrangements the brochure identifies as potential conflicts of interest requiring disclosure. The firm, founded in 1982 and principally owner-operated, uses Charles Schwab for custody and also discloses the receipt of Schwab’s institutional support services and the related conflicts in its brokerage relationships.
Client services
Expertise
Occupation focus
Fee options
Flat or project fees may be quoted for consulting, tax preparation, and/or financial planning services
$0 - $2 million: 1.00% Over $2 million - $3 million: 0.90% Over $3 million - $4 million: 0.80% Over $4 million - $5 million: 0.70% Over $5 million - $6 million: 0.60% Over $6 million - $7 million: 0.50% Over $7 million - $10 million: 0.40% Over $10 million - $15 million: 0.35% Over $15 million - $20 million: 0.30% Over $20 million+: Quoted
Hourly rates for consulting, tax preparation, and/or financial planning services range from $250 to $500 per hour
Retainer fees may be charged for ongoing consulting or financial planning services
Minimum fee: Minimum fee may be required depending on the value of assets managed; specific amount not stated Fee-only: Investment advisory fees only; no commissions charged by the firm
Main office location
Townsend Asset Management Corp.
3110 Edwards Mill Road, Ste 150
Raleigh NC 27612, United States
Number of offices
1
Most active in
Florida · Louisiana · North Carolina · South Carolina · Texas · Virginia
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
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