Tc Wealth Partners, LLC (Downers Grove)


Tc Wealth Partners, LLC is a large advisory firm based in Downers Grove. It manages $401.97 million of regulatory assets for 1,047 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

Tc Wealth Partners provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tc Wealth Partners: assets under management

The assets under management (AUM) of Tc Wealth Partners, LLC is $401.97 million. The firm's AUM has grown by 15% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $390.82 million in discretionary accounts and $11.15 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $381.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $507.02 thousand.
Tc Wealth Partners has custody of $401.97 million in cash and securities for 474 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 78% of the total AUM. The second-largest asset type is exchange traded securities, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tc Wealth Partners, 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 Tc Wealth Partners serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Tc Wealth Partners is high net worth individuals with 112 clients and $266.21 million of assets under management. Among the 10 most similar advisory firms, Tc Wealth Partners has the 4th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $391.04 million for 467 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.

Tc Wealth Partners doesn't advise any private funds.

Careers at Tc Wealth Partners, LLC

The company employs 23 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 9 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

William Mitchel Giffin has served as the Chief Investment Officer since 1 May 2019. Debra Lynn Gregorash joined the executive team most recently as the Chief Financial Officer And Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Debra Lynn Gregorash Chief financial officer and chief compliance officer 1 Aug 2016 Other 6665620
Inc. Tci Holdings Member 1 Aug 2016 75% - 100% 36-4297085
Jesse Reed Murphy President, chief investment officer 1 Aug 2016 Other 2319525
William Mitchel Giffin Chief executive officer 1 Aug 2016 Other 2148055
Brandy Lynn Harrington Director of wealth management 1 Aug 2016 Other 3123489
William Mitchel Giffin Chief investment officer 1 May 2019 Other 2148055

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Trust Company Of Illinois Employee Stock Option Plan (Esop) Owner 1 Jun 2016 25% - 50% 36-3880930
William Mitchel Giffin Trustee 1 Jun 2016 Other 2148055
Gregory Walter Osko Trustee 1 Jun 2016 Other 1538656
Debra Lynn Gregorash Trustee 1 Jun 2016 Other 6665620

Based in Downers Grove

The principal office where Tc Wealth Partners, LLC performs its advisory services is located at 1901 Butterfield Road, Downers Grove, IL 60515, which is also the mailing address of the firm. An additional office of the firm is in Batavia, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 888-545-2200 or by fax 630-960-2250. The normal business hours are 8:00am to 5:00pm on Monday - Friday.