{
  "crd_number": 168865,
  "slug": "tallwoods-partners-llc-chicago-il-168865",
  "primary_business_name": "TALLWOODS PARTNERS, LLC",
  "legal_name": "TALLWOODS PARTNERS, LLC",
  "dbas": [],
  "city": "Chicago",
  "state": "IL",
  "country": "United States",
  "cbsa_code": "16980",
  "metro": {
    "cbsa_code": "16980",
    "common_name": "Chicago",
    "msa_name": "Chicago-Naperville-Elgin, IL-IN",
    "path": "/advisors/il/chicago"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2014-01-06",
  "years_registered": 12,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 569438290.0,
  "raum_discretionary": 157486133.0,
  "raum_non_discretionary": 411952157.0,
  "raum_band": "500m_1b",
  "raum_band_label": "$500 million to $1 billion",
  "total_employees": 2,
  "advisory_employees": 2,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "charitable": {
      "raum": 109571874.0,
      "count": null,
      "fewer_than_5": true
    },
    "high_net_worth_individuals": {
      "raum": 459866416.0,
      "count": 8
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "IL"
  ],
  "websites": [
    "https://tallwoods.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/168865",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/tallwoods-partners-llc-chicago-il-168865",
  "display_name": "Tallwoods Partners, LLC",
  "summary": "Tallwoods Partners, LLC is an SEC-registered investment advisory firm in Chicago, IL, registered since 2014, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Tallwoods Partners, LLC (CRD 168865): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Tallwoods Partners, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Tallwoods Partners, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees."
    },
    {
      "q": "Where is Tallwoods Partners, LLC located?",
      "a": "Tallwoods Partners, LLC's principal office is in Chicago, IL, according to its Form ADV."
    },
    {
      "q": "Is Tallwoods Partners, LLC registered with the SEC or a state?",
      "a": "Tallwoods Partners, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 168865."
    },
    {
      "q": "How much does Tallwoods Partners, LLC manage?",
      "a": "Tallwoods Partners, LLC reports $569,438,290 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (28% discretionary)."
    },
    {
      "q": "How have Tallwoods Partners, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Tallwoods Partners, LLC: Regulatory assets under management: $218,174,318 in the October 2021 data and $569,438,290 in the October 2026 data, up 161%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Tallwoods Partners, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (8)."
    },
    {
      "q": "Which custodians does Tallwoods Partners, LLC use?",
      "a": "Tallwoods Partners, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Johnson Financial Group LLC DB JFG Family Office as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Tallwoods Partners, LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/168865"
    },
    {
      "q": "Does Tallwoods Partners, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"Tallwoods typically requires a minimum initial account size of $10,000,000.00 but reserves the right to accept client accounts that do not meet these minimum conditions.\""
    },
    {
      "q": "What changed in Tallwoods Partners, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $310,710,759 to $569,438,290 (+83%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 218174318.0,
      "total_employees": 2,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 266104826.0,
      "total_employees": 1,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 242523745.0,
      "total_employees": 2,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 247764241.0,
      "total_employees": 2,
      "filing_date": "2024-03-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 310710759.0,
      "total_employees": 2,
      "filing_date": "2025-05-02"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 569438290.0,
      "total_employees": 2,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $310,710,759 to $569,438,290 (+83%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$10,000,000",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $10,000,000"
        ],
        "quotes": [
          "Tallwoods typically requires a minimum initial account size of $10,000,000.00 but reserves the right to accept client accounts that do not meet these minimum conditions."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 10000000.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "Tallwoods typically requires a minimum initial account size of $10,000,000.00 but reserves the right to accept client accounts that do not meet these minimum conditions."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Johnson Financial Group LLC DB JFG Family Office",
      "name_as_filed": "JOHNSON FINANCIAL GROUP LLC DB JFG FAMILY OFFICE",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/tallwoods-partners-llc-chicago-il-168865.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 8,
      "fewer_than_5": false,
      "raum": 459866416.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": null,
      "fewer_than_5": true,
      "raum": 109571874.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/168865",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}