Wealth manager, independent · Westminster, CO
Townsend
Townsend & Associates, Inc. · SEC-registered investment adviser · CRD 113681 · SEC 801-66559
At a glance
Townsend is an SEC-registered investment adviser based in Westminster, Colorado, with $1.5B in regulatory assets under management as of its Form ADV filed September 11, 2026. It reports 1,514 individual clients, 511 of them high-net-worth, holding an average of about $1.0 million each, and 30 employees. That ranks it 718th among the nation’s 5,657 independent wealth management RIAs and 14th of 177 in Colorado. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 303-452-5986townsendretirement.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.5B
- Rank among independent wealth managers
- #718 of 5,657
- Rank among all SEC RIAs
- #4,226 of 17,210
- Rank in Colorado
- #14 of 177
- Individual clients
- 1,514
- High-net-worth clients
- 511
- Accounts
- 3,662
- Discretionary
- 100% of AUM
- Employees
- 30
- Advisory staff
- 11
- Offices
- 3
Owners and executives on its Form ADV
- Jeffery E. TownsendCEO
- Shawn R. KellyChief Compliance Officer and President
- Anthony L. SchembriChief Operating Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Townsend is a hybrid RIA: 17 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed August 2026) names Private Client Services, an unaffiliated broker-dealer, as the broker-dealer its advisers are registered with.
Townsend IAR, in his/her separate capacity as a registered representative of Private Client Services, an SEC registered and FINRA member broker-dealer (“PCS”), can assist the client with the initial purchase of a variable annuity product.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 511 | $1.1B | 72% |
| Individuals | 1,003 | $433M | 28% |
Disciplinary disclosures
Townsend reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Periodicals or newsletters
- Educational seminars and workshops
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗townsendretirement.com ↗
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The full record on Townsend
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,499 peers of its type and size
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- Owners and executives, with titles and stakes
- 3 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Colorado
All of Colorado →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Cherry Creek Family OfficesDenver | $2.0B | 20 |
| Nilsine Partners, LLCGreenwood Village | $1.9B | 540 |
| Buck Wealth Strategies, LLCDenver | $1.6B | 2,734 |
| Class VI Family Office, LLCDenver | $1.5B | 195 |
| The InstituteDenver | $1.4B | 803 |
| Capital Investment Counsel, LLCDenver | $1.4B | 463 |
Background
Questions
How much does Townsend manage?
Townsend reports $1.5B in regulatory assets under management across 3,662 accounts, 100% of it on a discretionary basis, on its Form ADV filed September 11, 2026.
How many clients does Townsend have?
It reports 1,514 individual clients: 511 high-net-worth individuals and 1,003 other individuals. Individuals account for about 100% of its regulatory assets.
Where is Townsend headquartered?
Its main office is in Westminster, Colorado. It reports 3 offices in total and 30 employees, 11 of whom perform investment advisory functions.
How does Townsend charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does Townsend use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed September 11, 2026, it reports these amounts held: Fidelity ($1.3B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is Townsend a hybrid RIA with a broker-dealer?
Townsend is a hybrid RIA: 17 of its employees are also registered representatives of a broker-dealer. Those representatives can also earn commissions on brokerage business through the broker-dealer, where different rules apply than for advisory accounts.
Is Townsend a fiduciary?
As an SEC-registered investment adviser, Townsend owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. 17 of its employees are also registered representatives of a broker-dealer, where different rules apply to brokerage recommendations.
Where these numbers come from
Every figure is Townsend’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-09-11), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →