Towercrest Capital Management, LLC (Newtown)

Name: Towercrest Capital Management, LLC
Address: 41 University Drive, Newtown, PA, 18940
Telephone: 215-809-2000

Towercrest Capital Management, LLC is a large advisory firm based in Newtown. It manages $402.54 million of regulatory assets for 901 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of New Jersey and Pennsylvania.

Towercrest Capital Management provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Towercrest Capital Management: assets under management

The assets under management (AUM) of Towercrest Capital Management, LLC is $402.54 million. The firm's AUM has grown by 40154% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $391.61 million in discretionary accounts and $10.93 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $437.07 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.19 million.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is investment and business development companies, which make up 6% of the firm’s portfolio. Investments in cash and cash equivalents form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Towercrest Capital Management, LLC for their services and products based on a percentage of assets under management and hourly charges. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Towercrest Capital Management serves?

The firm provides services to individuals, other investment advisers, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Towercrest Capital Management is other investment advisers with 1 clients and $212.41 million of assets under management. Among the 11 most similar advisory firms, Towercrest Capital Management has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $402.54 million for 85 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.

Towercrest Capital Management also advises several private funds. Namely, one real estate fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Towercrest Capital Management, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Curtis Wayne Snyder	Managing member	1 Sep 2009	50% - 75%	2965205
Griffin Michael Haviken	Managing member, chief compliance officer	1 Sep 2009	50% - 75%	2565439
Griffin M Haviken	Managing member, chief compliance officer	1 Sep 2009	50% - 75%	2565439

Based in Newtown

The principal office where Towercrest Capital Management, LLC performs its advisory services is located at 41 University Drive, Newtown, PA 18940, 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 215-809-2000 or by fax 215-525-2888. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at towercrestcapital.com.