DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Toews Asset Management
Legal name Toews Corporation
Latest filing Mar 26, 2026
First filing on the tape Feb 22, 2012 · 36 filings
SEC status approved since Dec 9, 1994
RAUM
$1.0B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
1.7%
$17.3M individuals and HNW
Advisors
15
registered through the firm on IAPD
RAUM per advisor
$69.2M
derived; firm RAUM over IAPD count
Employees
20
16 advisory (5.B.1)
Offices
1
beyond the principal office
Private funds
0
reported on Schedule D
History
36 filings and snapshots on the tape
RAUM$1.0B as of Mar 26, 2026
Feb 22, 2012$373M then
HNW client RAUM$3.4M as of Mar 26, 2026
Mar 29, 2019$20.3M then
State-registered IARs (5.B.3)15 as of Mar 26, 2026
Mar 7, 20131 then
Employees (5.A)20 as of Mar 26, 2026
Mar 7, 20135 then
Private funds1 as of Mar 29, 2019
Mar 10, 20151 then
RAUM +9.8% over the last fiscal year-3.2% a year over threeIARs 16 to 15
Practice profile
derived from the filing of Mar 26, 2026; every figure names its basis
- RAUM per advisor
- $69.2MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 8derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $859,031derivedHNW RAUM over HNW clients
- Average account
- $8.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 1.3derivedItem 5.A over advisors
- Advisors per office
- 7.5derived2 offices incl. principal (1.F.5)
- RAUM growth, one year
- +9.8%derivedbetween the last two annual amendments
- Advisor growth, one year
- -6.3%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -18%derived
- Compensation
- percentage of assetsreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for investment companies, educational seminarsreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Custody
- $4.4M, 40 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$1.0B98%
- Individuals$13.9M1.3%
- High-net-worth individuals$3.4M0.3%
- Corporations and businesses$471,7590.0%
- Charitable organizations$15,4490.0%
- Individual clients
- 113reported
- HNW clients
- 4reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 129reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $2.7M managedreported
- Custody of client assets
- $4.4M for 40 clientsreported
- Compensation
- % of AUMreported
- Class basis
- private_client_share=0.02 fund_share=0.98 institutional_share=0.0 related_bd=false related_bank=false bd_reps=8.0derived
Advisors registered through the firm
15 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Phillip Ray Toews | New York, Ny | Sep 25, 1995 | 34 y | 0 |
| Randall Dean Schroeder | Northfield, Nj | Jan 5, 2001 | 28 y | 0 |
| Eben Timothy Burr | May 31, 2010 | 21 y | 0 | |
| Jason Andrew Graffius | Northfield, Nj | Mar 6, 2017 | 25 y | 1 |
| Charles Joseph Collins | Northfield, Nj | Mar 31, 2017 | 19 y | 0 |
| Landon Gould | Northfield, Nj | Nov 22, 2017 | 10 y | 0 |
| Sandy L Alkins | Northfield, Nj | Feb 25, 2020 | 26 y | 0 |
| Joshua Spielman Glazer | Arlington Heights, Il | Oct 26, 2020 | 17 y | 3 |
| Donald Blake Jordan | Mobile, Al | Dec 17, 2020 | 12 y | 1 |
| Yu Jin Kim | Northfield, Nj | May 19, 2021 | 11 y | 1 |
| Eric Esposito | Northfield, Nj | Aug 7, 2023 | 11 y | 0 |
| Cory James Kendall | Northfield, Nj | Aug 25, 2023 | 26 y | 3 |
| John Waldron Sullivan | Northfield, Nj | Nov 22, 2023 | 30 y | 7 |
| Christopher Michael Collins | Northfield, Nj | Nov 28, 2023 | 13 y | 3 |
| Jacob Arthur Gayle | Northfield, Nj | Jan 5, 2026 | 10 y | 2 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount3 left over 36 months
Left, latest
- Gregory Thomas Brunck to RBC Securities, Inc.Feb 28, 2025 · Other
- Harold Wayne Clemons to PotomacDec 2, 2024 · Other
- Kevin Patrick Kenny to 3edge Asset Management, LPJul 31, 2024 · Other
- Caleb John Moyer to Creative PlanningApr 25, 2022 · Other
- Paul Harlow Sammons to Empower Advisory Group, LLCJul 23, 2021 · Other
- Ryan Steven Connolly to 3edge Asset Management, LPMay 17, 2021 · Other
- Kevne Lea Sharpe to Forta Financial Group, Inc.Sep 21, 2017 · Other
Joined, latest
- Jacob Arthur Gayle from Neuberger Berman Bd LLCJan 5, 2026 · Other
- Christopher Michael Collins from Virtus Investment Advisers, LLCNov 28, 2023 · Other
- John Waldron Sullivan from Cambridge Investment Research Advisors, Inc.Nov 22, 2023 · Other
- Cory James Kendall from The Pacific Financial Group, Inc.Aug 25, 2023 · Other
- Harold Wayne Clemons from Frost Investment Advisors, LLCOct 11, 2022 · Other
- Caleb John Moyer from Orion Portfolio Solutions, LLCOct 12, 2021 · Other
- Yu Jin Kim from Penn Mutual Asset Management, LLCMay 19, 2021 · Other
- Donald Blake Jordan from Edward JonesDec 17, 2020 · Other
- Joshua Spielman Glazer from Algorithmic Investment ModelsOct 26, 2020 · Other
- Gregory Thomas Brunck from Equitable Advisors, LLCOct 9, 2018 · Other
- Ryan Steven Connolly from Weatherstone Capital ManagementAug 22, 2017 · Other
- Kevin Patrick Kenny from E*Trade Capital Management, LLCApr 4, 2016 · Other
- Kevne Lea Sharpe from A & I Wealth ManagementApr 25, 2014 · Other
Private funds
1 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| Ascension Fund, L.P.no longer reported | Hedge Fund | $0 | 0 | Apr 25, 2014 |
Owners and control persons
Schedule A and B, latest filing
- Timothy Eben Burr · Presidentcontrolsince 01/2019 · owns less than 5%
- Andrew Jason Graffius · Chief Operating And Financial Officercontrolsince 06/2021 · owns less than 5%
- Yu Jin Kim · Chief Compliance Officercontrolsince 02/2022 · owns less than 5%
- Ray Phillip Toews · Ceo, Sole Shareholder And Sole Directorcontrolsince 10/1994 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Northfield, Nj · principal | 13 | 1 | 0 | ||
| New York, Ny | 2 | 1 | 0 |
Offices
Schedule D 1.F, the 25 largest
- New York, NY5 employees
What changed
consecutive filings, newest first
- Accounts · 154 to 129Mar 21, 2025 to Mar 26, 2026
- Advisory employees · 18 to 16Mar 21, 2025 to Mar 26, 2026
- BD registered reps · 10 to 8Mar 21, 2025 to Mar 26, 2026
- HNW clients · 5 to 4Mar 21, 2025 to Mar 26, 2026
- Individual clients · 137 to 113Mar 21, 2025 to Mar 26, 2026
- Assets in custody · $7.0M to $4.4MMar 21, 2025 to Mar 26, 2026
- Employees · 22 to 20Mar 21, 2025 to Mar 26, 2026
- State-registered IARs · 16 to 15Mar 21, 2025 to Mar 26, 2026
- Discretionary RAUM · $945M to $1.0BMar 21, 2025 to Mar 26, 2026
- HNW RAUM · $4.0M to $3.4MMar 21, 2025 to Mar 26, 2026
- Individual RAUM · $15.8M to $13.9MMar 21, 2025 to Mar 26, 2026
- RAUM · $945M to $1.0BMar 21, 2025 to Mar 26, 2026
- Wrap assets (manager) · $2.7M to $2.7MMar 21, 2025 to Mar 26, 2026
- Accounts · 179 to 154Mar 25, 2024 to Mar 21, 2025
- Advisory employees · 17 to 18Mar 25, 2024 to Mar 21, 2025
- BD registered reps · 13 to 10Mar 25, 2024 to Mar 21, 2025
- Business name · TOEWS CORPORATION to TOEWS ASSET MANAGEMENTMar 25, 2024 to Mar 21, 2025
- Charity clients · unset to 1.0Mar 25, 2024 to Mar 21, 2025
- Corporate clients · 4 to 3Mar 25, 2024 to Mar 21, 2025
- HNW clients · 10 to 5Mar 25, 2024 to Mar 21, 2025
- Individual clients · 157 to 137Mar 25, 2024 to Mar 21, 2025
- Assets in custody · $6.9M to $7.0MMar 25, 2024 to Mar 21, 2025
- Employees · 24 to 22Mar 25, 2024 to Mar 21, 2025
- Financial planning clients · unset to Mar 25, 2024 to Mar 21, 2025
- State-registered IARs · 17 to 16Mar 25, 2024 to Mar 21, 2025
- Discretionary RAUM · $999M to $945MMar 25, 2024 to Mar 21, 2025
- HNW RAUM · $5.2M to $4.0MMar 25, 2024 to Mar 21, 2025
- Individual RAUM · $17.8M to $15.8MMar 25, 2024 to Mar 21, 2025
- RAUM · $999M to $945MMar 25, 2024 to Mar 21, 2025
- Wrap assets (manager) · $4.2M to $2.7MMar 25, 2024 to Mar 21, 2025
- Accounts · 246 to 179Aug 28, 2023 to Mar 25, 2024
- BD registered reps · 11 to 13Aug 28, 2023 to Mar 25, 2024
- Charity clients · 1.0 to unsetAug 28, 2023 to Mar 25, 2024
- HNW clients · 20 to 10Aug 28, 2023 to Mar 25, 2024
- Individual clients · 213 to 157Aug 28, 2023 to Mar 25, 2024
- Assets in custody · $6.8M to $6.9MAug 28, 2023 to Mar 25, 2024
- Employees · 22 to 24Aug 28, 2023 to Mar 25, 2024
- Discretionary RAUM · $1.1B to $999MAug 28, 2023 to Mar 25, 2024
- HNW RAUM · $6.6M to $5.2MAug 28, 2023 to Mar 25, 2024
- Individual RAUM · $23.3M to $17.8MAug 28, 2023 to Mar 25, 2024
Signals
14 dated events
- Gregory Thomas Brunck left Toews Asset Management for Rbc Securities, Inc. (registered 2025-04-02)Feb 28, 2025 · Advisor changed firm · fact
- Harold Wayne Clemons left Toews Asset Management for Potomac (registered 2025-08-26)Dec 2, 2024 · Advisor changed firm · fact
- Kevin Patrick Kenny left Toews Asset Management for 3Edge Asset Management, Lp (registered 2024-09-09)Jul 31, 2024 · Advisor changed firm · fact
- Dean Randall Schroeder (Managing Director) no longer on Schedule A of Toews Asset Management (listed 2023-08-28, absent 2024-03-25)Mar 25, 2024 · Control person left · inference
- Marshall Daniel Kullman (Sales And Marketing Director And Director Of Education And Training) no longer on Schedule A of Toews Asset Management (listed 2023-05-02, absent 2023-08-28)Aug 28, 2023 · Control person left · inference
- Caleb John Moyer left Toews Asset Management for Creative Planning (registered 2022-04-20)Apr 25, 2022 · Advisor changed firm · fact
- Toews Asset Management reported 1 offices beyond its principal office, down from 8 (2021-07-28 to 2022-03-28)Mar 28, 2022 · Office count change · derived
- Toews Asset Management reported RAUM $1.3B, down 43% from $2.2B (2021-07-28 to 2022-03-28)Mar 28, 2022 · RAUM change · derived
- Yu Jin Kim (Chief Compliance Officer) appeared on Schedule A of Toews Asset ManagementMar 28, 2022 · Control person joined · fact
- Lynn Jennifer Rodriguez (Chief Compliance Officer) no longer on Schedule A of Toews Asset Management (listed 2021-03-30, absent 2021-06-29)Jun 29, 2021 · Control person left · inference
- Toews Asset Management reported RAUM $2.2B, up 31% from $1.7B (2020-12-17 to 2021-03-30)Mar 30, 2021 · RAUM change · derived
- Marshall Daniel Kullman (Sales And Marketing Director And Director Of Education And Training) appeared on Schedule A of Toews Asset ManagementMar 30, 2021 · Control person joined · fact
- Andrew Jason Graffius (Chief Operating Officer) appeared on Schedule A of Toews Asset ManagementMar 30, 2020 · Control person joined · fact
- Timothy Eben Burr (Managing Director) appeared on Schedule A of Toews Asset ManagementMar 30, 2020 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/toews-agility-sharesreportedpublic record, Form ADV, Sep 17, 2026
- Firm profile
- linkedin.com/company/toews-corporationreportedpublic record, Form ADV, Sep 17, 2026
- Website
- toewsetfs.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- 877-863-9726reportedpublic record, Form ADV, Mar 26, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $69.2Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026