Overview
Townsend Wealth Management, founded in 2001, provides investment management and financial
planning services to individuals, trusts, charitable organizations, small businesses, and retirement plans.
In all aspects of our business we operate as a fiduciary, placing the interests of our clients before our own.
We seek to avoid all conflicts of interest with our clients and, at a minimum, make full disclosure of any
material conflict between us and our clients that cannot be avoided.
Investment management includes the purchasing and selling of mutual funds, exchange traded funds
(ETFs), stocks, bonds, options, and other securities on a discretionary basis for the benefit of our clients.
Clients select an investment strategy representing a risk/return profile appropriate for their needs and
circumstances. We then implement the investment strategy in a similar manner for all clients within each
strategy. Clients may place limited restrictions on their investment account, such as holding a stated
amount of a particular security (often a former employer stock or legacy holding with a large unrealized
gain), that we would otherwise not hold. As of February 29, 2024, we managed approximately
$152,300,000 on a discretionary basis and approximately $100,000 on a non-discretionary
basis for a total
of approximately $152,400,000. Townsend Wealth Management does not participate in a wrap fee
program.
Financial Planning includes quantitative and qualitative analysis in an effort to help clients make wise
decisions regarding their personal finances. We provide this advice either as a comprehensive financial
plan that addresses multiple aspects of the client’s financial lives for their expected longevity, or we
provide this advice on a situation specific basis addressing questions of a limited scope.
When we provide investment advice regarding a retirement plan account or individual retirement account
(IRA), we are fiduciaries within the meaning of Title I of the Employee Retirement Income Security Act
(ERISA) and/or the Internal Revenue Code, which are laws governing these accounts. The way we make
money, based on portfolio size, can create conflicts with your interests, for example if we were to
recommend that you use our services instead of another firm’s services. For this reason, we operate under
a regulatory structure that requires us to act in your best interests and not put our interests ahead of
yours.
Townsend Wealth Management’s principal owner is Tyler Townsend.
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