Towle & Co (St Louis)

Name: Towle & Co
Address: 1610 Des Peres Road, St Louis, MO, 63131 1880
Telephone: 314-822-0204

Towle & Co is a large advisory firm based in St Louis. It manages $794.82 million of regulatory assets for 106 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Colorado, Florida, and 6 other states.

Towle & provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Towle &: assets under management

The assets under management (AUM) of Towle & Co is $794.82 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 1307% since the beginning of its operation, and $23.71 million of the total AUM is attributable to clients outside of the United States.

The firm manages $794.82 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.5 million each.

Towle & has custody of $76.17 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Towle & Co for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Christopher Daly Towle serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Christopher Daly Towle is investment companies with 3 clients and $299.98 million of assets under management. Among the 11 most similar advisory firms, Towle & has the 3rd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $794.82 million for 106 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 3% of the firm’s clients are foreign persons or businesses.

Towle & also advises several private funds. Namely, one hedge fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at Towle & Co

The company employs 9 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 6 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Christopher Daly Towle has been acting as President since 1 Jul 2009. Matthew Stephen Hardin joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Towle	Vice-president	1 Sep 1981	Other	2654067
Perry Ellwood Towle	Shareholder	1 Sep 1981	Other	4381992
Robin Daly Towle	Secretary	1 Sep 1981	Other	4381988
Joseph Ellwood Towle	President	1 Sep 1981	50% - 75%	4382012
Christopher Daly Towle	Vice-president	1 Sep 1981	25% - 50%	2654067
Christopher Daly Towle	Vice-president	1 Oct 1994	50% - 75%	2654067
Peter James Lewis	Chief compliance officer	1 May 2004	Other	2139294
Christopher Daly Towle	President	1 Jul 2009	50% - 75%	2654067
Joseph Ellwood Towle	Chief executive officer	1 Jul 2009	25% - 50%	4382012
Matthew Stephen Hardin	Chief compliance officer	1 Feb 2018	Other	2366634

Based in St Louis

The principal office where Towle & Co performs its advisory services is located at 1610 Des Peres Road, St Louis, MO 63131 1880, which is also the mailing address of the firm. An additional office of the firm is in Denver, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 314-822-0204 or by fax 314-822-1255. The normal business hours are 8:30am-4pm (central) on Monday - Friday. You can find more information about the New York firm at smallcapvalue.com.