Tower Three Partners LLC (Greenwich)

Name: Tower Three Partners LLC
Address: 2 Sound View Drive, Greenwich, CT, 06830
Telephone: 203-485-5800

Tower Three Partners LLC is a large advisory firm based in Greenwich. It manages $241.77 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Connecticut.

Tower Three Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tower Three Partners: assets under management

The assets under management (AUM) of Tower Three Partners LLC is $241.77 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $241.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $120.89 million each.

Tower Three Partners has custody of $228.54 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tower Three Partners LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tower Three Partners serves?

The only and largest group of clients of Tower Three Partners is pooled investment vehicles with 2 clients and $241.77 million of assets under management. Among the 8 most similar advisory firms, Tower Three Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $241.77 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Tower Three Partners also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Tower Three Partners LLC

The company employs 4 people that are either part- or full-time employees. 75 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
William Drury Forrest	Managing member	1 Nov 2007	75% - 100%	4488081
Inc. Sherwood Investments	Minority owner	1 Nov 2007	25% - 50%	26-1587082
Christopher Jacobs	Chief compliance officer/cfo	1 Oct 2010	Other	5892151
Christopher Jacobs	Chief compliance officer	1 Feb 2011	Other	5892151
Debra Ruth Bricker	Chief compliance officer and chief financial officer	1 Mar 2015	Other	6028862
Ashleigh Cooper Swayze	Chief compliance officer	1 Jul 2018	Other	4632543

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Morton Holdings	Shareholder	1 Oct 2007	75% - 100%	13-3791747
Philip B Korsant	Owner	1 Oct 2007	75% - 100%	2063826
Philip B (Mi Only) Korsant	Owner	1 Oct 2007	75% - 100%	2063826
Philip Korsant	Owner	1 Oct 2007	75% - 100%	6054126

Based in Greenwich

The principal office where Tower Three Partners LLC performs its advisory services is located at 2 Sound View Drive, Greenwich, CT 06830, 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 203-485-5800 or by fax 203-485-5885. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at tower3partners.com/.