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

Townsend

Independent wealth managerWestminster, ColoradoCRD 113681SEC 801-66559websiteIAPD
Legal name Townsend & Associates, Inc.
Latest filing Sep 11, 2026
First filing on the tape Dec 19, 2011 · 67 filings
SEC status approved since Apr 28, 2006
RAUM
$1.5B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
100%
$1.5B individuals and HNW
Advisors
18
registered through the firm on IAPD
RAUM per advisor
$84.5M
derived; firm RAUM over IAPD count
Employees
30
11 advisory (5.B.1)
Offices
2
beyond the principal office
Private funds
0
reported on Schedule D
History
67 filings and snapshots on the tape
RAUM$1.5B as of Aug 14, 2026
Jan 30, 2012$242M then
HNW client RAUM$1.1B as of Aug 14, 2026
Mar 12, 2018$283M then
State-registered IARs (5.B.3)16 as of Aug 14, 2026
Jan 30, 20120 then
Employees (5.A)30 as of Aug 14, 2026
Feb 13, 201315 then
Private funds: no history
RAUM +19% over the last fiscal year+15% a year over threeIARs 15 to 16
Practice profile
derived from the filing of Sep 11, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
  • Independent boutique · a wealth manager with no broker-dealer, bank or insurance affiliate, 2 to 25 advisors, one to three offices, no public reporting company control
  • Planning-led practice · financial planning activity (5.G.1), at least 100 financial planning clients (5.H), and hourly, fixed or subscription compensation (5.E)
RAUM per advisor
$84.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
84derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$2.1MderivedHNW RAUM over HNW clients
Average account
$415,109derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.7derivedItem 5.A over advisors
Advisors per office
6.0derived3 offices incl. principal (1.F.5)
RAUM growth, one year
+19%derivedbetween the last two annual amendments
Advisor growth, one year
+6.7%derivedItem 5.B.3 between annual amendments
Client growth, one year
+2.6%derived
Compensation
percentage of assets, hourly, fixed feesreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, publications, educational seminarsreportedItem 5.G
Financial planning clients
638reportedItem 5.H
Custody
$12.6M, 15 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
  • is an insurance broker or agent (6.A.6)
  • 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
  • High-net-worth individuals$1.1B72%
  • Individuals$433M28%
Individual clients
1,003reported
HNW clients
511reported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3,662reported
Financial planning clients
638reported
Wrap fee programs
noreported
Custody of client assets
$12.6M for 15 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=1.0 fund_share=0.0 institutional_share=0.0 related_bd= related_bank= bd_reps=17.0derived
Advisors registered through the firm
18 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Jeffery Edward TownsendWestminster, CoJan 1, 199935 y1
Theresa Lynn ThomasWestminster, CoAug 2, 200724 y0
Shawn Robert KellyWestminster, CoJan 16, 200825 y1
Tiffany Anna BrownCertified Financial PlannerWestminster, CoOct 1, 200922 y2
Mark Edward ThomasWestminster, CoSep 30, 201034 y0
Andrew Wayne HannaWestminster, CoJan 26, 201512 y1
Steven Kent CarlisleCertified Financial PlannerWestminster, CoSep 15, 201610 y0
Kaitlin Elizabeth BellCertified Financial PlannerWestminster, CoMar 15, 201715 y1
Richard Charles HarrisonCertified Financial PlannerWestminster, CoApr 12, 201917 y4
Jonathan David-Rockwell AmickCertified Financial PlannerWestminster, CoOct 14, 201915 y0
David Joseph FrancisWestminster, CoMay 10, 202216 y1
Drew Mckinley HayworthChartered Financial AnalystDenver, Co Sep 22, 202231 y3
John Robert GoltermannChartered Financial AnalystDenver, Co Sep 22, 202235 y2
Tyler HentgesWestminster, CoFeb 28, 202510 y2
Robin Adalia CarlinWestminster, CoMay 12, 202617 y0
Greg Eric GrahamCertified Financial Planner, Chartered Financial ConsultantWestminster, CoJun 5, 202627 y2
Mark Jason BosleyWestminster, CoJun 29, 202610 y1
Scott ConwayCertified Financial PlannerWestminster, CoAug 14, 202636 y4
Advisor movement
2 left, 3 joined in 12 months
net +1 in 12 months0 left in 90 days2 joined in 90 daysdeparture rate 11% of current headcount3 left over 36 months
Left, latest
Joined, latest
Teams: two or more advisors moving together within fourteen days, from one state
    Private funds
    No private fund reported.
    Owners and control persons
    Schedule A and B, latest filing
    • Robert Shawn Kelly · Chief Compliance Officer And Presidentcontrol
      since 01/2019 · owns 5% to 10%
    • Lorenzo Anthony Schembri · Chief Operating Officercontrol
      since 07/2026 · owns less than 5%
    • Edward Jeffery Townsend · Ceocontrol
      since 01/2019 · 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
    OfficeAdvisorsJoinedLeftTeams outForming
    Westminster, Co · principal1842
    Denver, Co200
    Offices
    Schedule D 1.F, the 25 largest
    • Denver, CO2 employees
    • Aspen, CO
    ADV anomalies
    2 against comparable advisers; where to look, not conclusions
    • control person changedChange between filings · filing Sep 11, 2026
      Schembri, Anthony, Lorenzo (CHIEF OPERATING OFFICER) appeared on Schedule A between the filings of 2011-12-19 and 2026-09-11
      peers: independent wealth managers, $1B to $5B (1,360)
    • account count surgeChange between filings · filing Mar 5, 2026
      accounts (Item 5.F.2.f) moved from 1,491.0 to 3,662.0 (+146.0%) between the annual amendments of 2025-03-02 and 2026-03-05; the peer median change was +6.0% (1206 comparable advisers, 97.0th percentile of changes)
      peers: independent wealth managers, $1B to $5B (1,206) · 97% percentile
    What changed
    consecutive filings, newest first
    • Financial planning clients · More than 500 to More than 500
      Aug 14, 2026 to Sep 11, 2026
    • Related adviser · false to unset
      Aug 14, 2026 to Sep 11, 2026
    • Related bank · false to unset
      Aug 14, 2026 to Sep 11, 2026
    • Related broker-dealer · false to unset
      Aug 14, 2026 to Sep 11, 2026
    • Related insurance company · false to unset
      Aug 14, 2026 to Sep 11, 2026
    • Succession · false to unset
      Aug 14, 2026 to Sep 11, 2026
    • Accounts · 1,491 to 3,662
      Oct 20, 2025 to Feb 9, 2026
    • BD registered reps · 16 to 17
      Oct 20, 2025 to Feb 9, 2026
    • HNW clients · 476 to 511
      Oct 20, 2025 to Feb 9, 2026
    • Individual clients · 1,000 to 1,003
      Oct 20, 2025 to Feb 9, 2026
    • Assets in custody · $76.9M to $12.6M
      Oct 20, 2025 to Feb 9, 2026
    • Employees · 28 to 30
      Oct 20, 2025 to Feb 9, 2026
    • State-registered IARs · 15 to 16
      Oct 20, 2025 to Feb 9, 2026
    • Discretionary RAUM · $1.3B to $1.5B
      Oct 20, 2025 to Feb 9, 2026
    • HNW RAUM · $904M to $1.1B
      Oct 20, 2025 to Feb 9, 2026
    • Individual RAUM · $372M to $433M
      Oct 20, 2025 to Feb 9, 2026
    • Non-discretionary RAUM · $2.0M to $2.2M
      Oct 20, 2025 to Feb 9, 2026
    • RAUM · $1.3B to $1.5B
      Oct 20, 2025 to Feb 9, 2026
    • Accounts · 3,418 to 1,491
      Dec 24, 2024 to Mar 2, 2025
    • Advisory employees · 13 to 11
      Dec 24, 2024 to Mar 2, 2025
    • HNW clients · 465 to 476
      Dec 24, 2024 to Mar 2, 2025
    • Individual clients · 956 to 1,000
      Dec 24, 2024 to Mar 2, 2025
    • Assets in custody · $60.6M to $76.9M
      Dec 24, 2024 to Mar 2, 2025
    • Employees · 29 to 28
      Dec 24, 2024 to Mar 2, 2025
    • Financial planning clients · More than 500 to More than 500
      Dec 24, 2024 to Mar 2, 2025
    • State-registered IARs · 16 to 15
      Dec 24, 2024 to Mar 2, 2025
    • Discretionary RAUM · $1.1B to $1.3B
      Dec 24, 2024 to Mar 2, 2025
    • HNW RAUM · $800M to $904M
      Dec 24, 2024 to Mar 2, 2025
    • Individual RAUM · $316M to $372M
      Dec 24, 2024 to Mar 2, 2025
    • Non-discretionary RAUM · $1.4M to $2.0M
      Dec 24, 2024 to Mar 2, 2025
    • RAUM · $1.1B to $1.3B
      Dec 24, 2024 to Mar 2, 2025
    • Accounts · 3,357 to 3,418
      Oct 23, 2023 to Mar 19, 2024
    • HNW clients · 468 to 465
      Oct 23, 2023 to Mar 19, 2024
    • Individual clients · 921 to 956
      Oct 23, 2023 to Mar 19, 2024
    • Assets in custody · $75.7M to $60.6M
      Oct 23, 2023 to Mar 19, 2024
    • Other offices · 1 to 2
      Oct 23, 2023 to Mar 19, 2024
    • Discretionary RAUM · $990M to $1.1B
      Oct 23, 2023 to Mar 19, 2024
    • HNW RAUM · $713M to $800M
      Oct 23, 2023 to Mar 19, 2024
    • Individual RAUM · $278M to $316M
      Oct 23, 2023 to Mar 19, 2024
    • Non-discretionary RAUM · $1.2M to $1.4M
      Oct 23, 2023 to Mar 19, 2024
    Signals
    9 dated events
    • Antwann Holmes left Townsend for J.P. Morgan Securities Llc (registered 2026-06-17)
      May 11, 2026 · Advisor changed firm · fact
    • Nathaniel Francescato left Townsend for Tlg Advisors, Inc. (registered 2026-08-05)
      Oct 20, 2025 · Advisor changed firm · fact
    • Grace Geneva O'Mara left Townsend for Nationwide Investment Advisors, Llc (registered 2025-01-07)
      Dec 19, 2024 · Advisor changed firm · fact
    • Andrew Neil Wyckoff left Townsend for Northwestern Mutual Investment Services,Llc (registered 2026-01-07)
      Aug 7, 2023 · Advisor changed firm · fact
    • 2 advisors left Highgate Securities Investments (Denver, CO) for Townsend on the same day
      Dec 31, 2022 · Team lift-out · derived
    • Devin D. Bebout left Townsend for J.P. Morgan Securities Llc (registered 2022-12-21)
      Nov 4, 2022 · Advisor changed firm · fact
    • Antwann Holmes left Townsend for Creative Planning (registered 2022-06-29)
      Nov 4, 2022 · Advisor changed firm · fact
    • Townsend reported RAUM $707.5M, up 28% from $554.5M (2020-01-15 to 2020-02-29)
      Feb 29, 2020 · RAUM change · derived
    • Townsend reported RAUM $559.8M, up 27% from $440.4M (2017-12-18 to 2018-03-12)
      Mar 12, 2018 · RAUM change · derived
    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
    Business phone
    303-452-5986reportedpublished by the firm, firm site, Sep 17, 2026
    Business phone
    303-452-5989reportedpublished by the firm, firm site, Sep 17, 2026
    Business phone
    800-578-9896reportedpublished by the firm, firm site, Sep 17, 2026
    Firm profile
    LINKEDIN.COM/COMPANY/TOWNSEND-RETIREMENT-SPECIALISTSreportedpublic record, Form ADV, Sep 17, 2026
    Website
    401KADVANTAGE.NETreportedpublic record, Form ADV, Sep 17, 2026
    Principal office phone
    303-452-5986reportedpublic record, Form ADV, Sep 11, 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
    Independent wealth managerderiveda rule over Items 5.D and 7.A
    RAUM per advisor
    $84.5Mderivedfirm RAUM over the IAPD count; not a book size
    Loaded
    Sep 14, 2026