search

Towle & Co. Review

computer Visit Site phone 314-822-0204 print Print Report

Towle & Co., registered in 1981, serves 9 state(s) with a licensed staff of 7 advisors. Towle & Co. manages $782.7 million and provides investment advisory services for 86 clients (1:13 advisor/client ratio).



Firm Information


Summary Firm
Minimum Investment Ask firm
Average Client Balance $9,101,637
Total AUM $782.7 million
Fee Range Ask firm
Advisor / Client Ratio 1:13
Languages Offered Ask firm
Specialities Ask firm
Website Visit Site
Phone Number 314-822-0204
Headquarters St. Louis, MO
Locations See locations
Facebook Ask firm
Twitter Ask firm
LinkedIn Ask firm
SEC Filings View SEC IAPD CRD #110862


Disciplinary Questions


After checking the disciplinary records of Towle & Co., our system found no disciplinary questions to ask. Checks take place monthly.



Conflict Questions


After checking the regulatory records of Towle & Co., our system has identified the following question(s) to ask. Learn more.


Does Towle & Co. offer mutual funds that have 12b-1 fees?


12b-1 fees increase the total annual cost of owning a mutual fund with no guarantee of higher returns. Some firms receive these fees as payments, which creates an incentive to promote them.


Does Towle & Co. practice as a law firm? Is Towle & Co. affiliated with one?


This firm or an affiliate actively engages in business as a law firm or lawyer. When operating in this dual-capacity, advisors may be incentivized to implement plans as an attorney that could drive higher revenue for themselves as investment advisors.


Regulatory disclosures state that Towle & Co. sells proprietary investments and products. Please provide me a list of the products and a summary of how much Towle & Co. earns from them.


Towle & Co. recommends proprietary investments and products that could generate larger commissions than other similar non-proprietary products. This could also limit the number and diversity of investment options available to you and may impact their transferability. Do not be afraid to ask how much they will earn from the product or what other non-proprietary options are available.


Does Towle & Co. offer products that have performance-based fees, or does it accept performance-based fees? Will any of my assets be invested in those products?


When performance-based fees are charged, the financial advisor is paid for outperforming a benchmark, typically an index. While this may seem like an attractive compensation structure to ensure your advisor is making your money work for you, often, the managers of those products are incentivized to take inappropriate risks to beat their performance benchmark. For instance, research has shown that mutual funds that use incentive fees take on more risk that funds that do not, and tend to double down and increase their risk following a poor performance. This could be detrimental to a client during down markets.


Does Towle & Co. perform side-by-side management? How does Towle & Co. mitigate conflicts that arise from managing accounts with differing fee structures?


This typically occurs when firms manage mutual funds or hedge funds alongside smaller retail accounts. Side-by-side management can create an incentive for the advisor to favor the larger funds, potentially leading to unequal trading costs and unfavorable trade executions for their retail clients.


Does Towle & Co. accept soft-dollar benefits? How do these benefits affect the firm’s selection of a broker-dealer partner?


Towle & Co. receives soft-dollar benefits that could incentivize them to push trades through broker-dealers that provide advantages to the firm instead of through broker-dealers that could provide the best trade execution for their clients.


Which securities does Towle & Co. trade for itself that it will also be recommending to me?


Towle & Co. has marked in their disclosures that they trade recommended securities. While this often can be seen as "eating your own cooking," there are several inherent conflicts that can arise. For example, front running is when a financial professional buys or sell securities ahead of their client. In short, any financial professional should disclose all positions they hold (or have sold short) that they will also be recommending to you.


Our system found no other conflict questions to ask. Checks take place monthly.



Was this helpful?

Yes or No





Disciplinary History


An important aspect of the Trust Algorithm is processing the SEC Form ADV Part 1 filing of each Registered Investment Advisor (RIA). “Item 11 Disclosure Information” contains a list of valuable disclosures that are relevant for Americans.

As identified in SEC Form ADV Part 1, Item 11 “Disclosure Information”, the Trust Algorithm identified the following disciplinary disclosures for Towle & Co.:




Cost


Unfortunately, there is no single, uniform pricing standard for working with a financial advisor. Catchphrases, including "fee-only," can be helpful; however, Americans often get confused with competitors promoting "fee-based" in response.

Ultimately, to understand the underlying costs of advisory services, we always recommend asking for an itemized fees breakdown and reading the firm's ADV Part 2 Brochure (Item 5, "Fees and Compensation").


View Fee Disclosures




FAQs





Other Firms


Exeter Financial, Monarch Asset Management, River AND Mercantile, DAK Financial Services




This automated report was generated using SEC and FINRA data and was last updated on October 4th, 2021*. For data support, email "support@investor.com". Views: 120 (trailing six months). Firms that receive a 4.5 or 5-star rating are considered Trusted by investor.com. Learn more.


*SEC data last verified 10/10/2021. For the most up-to-date information, please view the applicable SEC and FINRA reports above. By visiting these sites, you are subject to their terms of use (IAPD, BrokerCheck). Any data inaccuracies, please contact our team. All requests for updated information should also be reported directly to the SEC and/or FINRA.

Firm’s/Financial Professional’s investor.com profile pages may contain certain limited information directly provided to investor.com by the Firm/Financial Professional including, by way of example only, the “Personal Bio,” “Certifications,” and/or “Investment Philosophy” portions of the profile page. With respect to such information, investor.com cannot and does not independently verify, audit, validate, assess or guarantee the adequacy, accuracy, or completeness of such information; such information is not included or otherwise incorporated within investor.com’s Trust Score algorithm or review process.