# Tallwoods Partners, LLC

> 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.

- CRD: 168865
- Filed as: TALLWOODS PARTNERS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Chicago, IL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/168865
- AdvisorCensus page: https://advisorcensus.com/firm/tallwoods-partners-llc-chicago-il-168865

## Quick answers

**How is Tallwoods Partners, LLC compensated?**
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.

**Where is Tallwoods Partners, LLC located?**
Tallwoods Partners, LLC's principal office is in Chicago, IL, according to its Form ADV.

**Is Tallwoods Partners, LLC registered with the SEC or a state?**
Tallwoods Partners, LLC is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 168865.

**How much does Tallwoods Partners, LLC manage?**
Tallwoods Partners, LLC reports $569,438,290 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (28% discretionary).

**How have Tallwoods Partners, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Tallwoods Partners, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (8).

**Which custodians does Tallwoods Partners, LLC use?**
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.

**Does Tallwoods Partners, LLC report any disciplinary disclosures?**
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

**Does Tallwoods Partners, LLC state an account minimum?**
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."

**What changed in Tallwoods Partners, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $310,710,759 to $569,438,290 (+83%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 31, 2026)

- Account minimum: $10,000,000

> 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.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Johnson Financial Group LLC DB JFG Family Office

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.

### Regulatory assets under management (Item 5.F)
- Total: $569,438,290
- Discretionary: $157,486,133
- Non-discretionary: $411,952,157

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 8 | $459,866,416 |
| Charitable organizations | Fewer than 5 | $109,571,874 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2014 (12 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: IL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- tallwoods.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $218,174,318 | 2 | March 31, 2021 |
| October 2022 | $266,104,826 | 1 | March 31, 2022 |
| October 2023 | $242,523,745 | 2 | March 31, 2023 |
| October 2024 | $247,764,241 | 2 | March 29, 2024 |
| October 2025 | $310,710,759 | 2 | May 2, 2025 |
| October 2026 | $569,438,290 | 2 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $310,710,759 to $569,438,290 (+83%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tallwoods Partners, LLC (CRD 168865): Form ADV filing data as of October 2026.