Wealth manager, wrap-program sponsor · Lake Forest, IL
Tsfg, LLC
SEC-registered investment adviser · CRD 172555 · SEC 801-99339
At a glance
Tsfg, LLC is an SEC-registered investment adviser based in Lake Forest, Illinois, with $643 million in regulatory assets under management as of its Form ADV filed August 12, 2026. Its largest client group by assets is high-net-worth individuals, and it reports 861 individual clients. By Form ADV it is a wealth manager (wrap-program sponsor), ranked 2,332nd of 8,915 wealth managers and 6,848th of 17,210 SEC-registered advisers by assets.
Main office 847-735-7100LinkedInAs filed on Form ADV
- Regulatory AUM
- $643M
- Rank among wealth managers
- #2,332 of 8,915
- Rank among all SEC RIAs
- #6,848 of 17,210
- Rank in Illinois
- #323 of 684
- Individual clients
- 861
- High-net-worth clients
- 207
- Accounts
- 1,718
- Discretionary
- 100% of AUM
- Employees
- 9
- Advisory staff
- 6
- Offices
- 4
Owners and executives on its Form ADV
- Michael J. GibbonsOfficer
- Daniel M. NagelOfficer
- Daniel J. BouskaOfficer
- Michael R. SchremserChief Compliance Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Tsfg, LLC is a hybrid RIA: 5 of its employees are also registered representatives of a broker-dealer.
Its Form ADV brochure (filed August 2026) names LPL Financial, an unaffiliated broker-dealer, as the broker-dealer its advisers are registered with.
However, our Investment Advisor Representatives are registered representatives of LPL and, as such, are compensated for securities transactions that are affected for our client accounts through LPL.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 207 | $393M | 61% |
| Individuals | 654 | $248M | 39% |
| Charitable organizations | 2 | $1M | <1% |
| Corporations or other businesses | 1 | $0M | <1% |
Disciplinary disclosures
Tsfg, LLC 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
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on Tsfg, LLC
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 4,747 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
- 5Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Tsfg, LLC manage?
Tsfg, LLC reports $643 million in regulatory assets under management across 1,718 accounts, 100% of it on a discretionary basis, on its Form ADV filed August 12, 2026.
What kind of firm is Tsfg, LLC?
Tsfg, LLC is a wealth manager by its Form ADV answers. At least half of its regulatory assets are managed for individuals and high-net-worth individuals.
Who are Tsfg, LLC’s clients?
By assets, its largest client types are high-net-worth individuals ($393 million, 207 clients); individuals ($248 million, 654 clients); charitable organizations ($1 million, 2 clients).
Does Tsfg, LLC have any disciplinary history?
Tsfg, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Tsfg, LLC’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 (2026-08-12), 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). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. 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 →