{
  "crd_number": 298714,
  "slug": "talon-llc-san-juan-pr-298714",
  "primary_business_name": "TALON LLC",
  "legal_name": "TALON LLC",
  "dbas": [
    "BLUE COLLAR DOLLAR",
    "TALON PRIVATE WEALTH",
    "TALON WEALTH",
    "TALON WEALTH MANAGEMENT"
  ],
  "city": "San Juan",
  "state": "PR",
  "country": "United States",
  "cbsa_code": "41980",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2019-03-15",
  "years_registered": 7,
  "period": "2026-10-01",
  "filing_date": "2026-09-30",
  "carried_forward": false,
  "raum_total": 1060316193.0,
  "raum_discretionary": 796145805.0,
  "raum_non_discretionary": 264170388.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 22,
  "advisory_employees": 8,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "individuals": {
      "raum": 865995998.0,
      "count": 1823
    },
    "high_net_worth_individuals": {
      "raum": 189511021.0,
      "count": 98
    },
    "corporations_other_businesses": {
      "raum": 4809174.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_individuals",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CA",
    "CO",
    "FL",
    "GA",
    "IA",
    "MI",
    "NE",
    "NV",
    "OK",
    "OR",
    "PR",
    "TX",
    "UT",
    "WA"
  ],
  "websites": [
    "https://annuitybillofrights.com",
    "https://bluecollardollar.com",
    "https://facebook.com/talonwealt",
    "https://guardingyournestegg.com",
    "https://instagram.com/guardingyournestegg",
    "https://linkedin.com/company/talon-wealth-man",
    "https://talonwm.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/298714",
  "city_as_filed": "SAN JUAN",
  "url": "https://advisorcensus.com/firm/talon-llc-san-juan-pr-298714",
  "display_name": "Talon LLC",
  "summary": "Talon LLC is an SEC-registered investment advisory firm in San Juan, PR, registered since 2019, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 30, 2026.",
  "citation": "AdvisorCensus. Talon LLC (CRD 298714): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Hourly charges",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)"
  ],
  "quick_answers": [
    {
      "q": "How is Talon LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Talon LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)."
    },
    {
      "q": "How much does Talon LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated May 21, 2026 states: Hourly rate: $250 an hour (financial planning and consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Talon LLC located?",
      "a": "Talon LLC's principal office is in San Juan, PR, according to its Form ADV; the October 2026 filing also lists 13 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Talon LLC registered with the SEC or a state?",
      "a": "Talon LLC is an SEC-registered investment advisory firm, registered since 2019. Status as filed: Approved. CRD 298714."
    },
    {
      "q": "How much does Talon LLC manage?",
      "a": "Talon LLC reports $1,060,316,193 in regulatory assets under management in its Form ADV filing dated September 30, 2026 (75% discretionary)."
    },
    {
      "q": "How have Talon LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Talon LLC: Regulatory assets under management: $164,921,408 in the October 2021 data and $1,060,316,193 in the October 2026 data, up 543%. Total employees: 8 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Talon LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,823); high net worth individuals (98)."
    },
    {
      "q": "Which custodians does Talon LLC use?",
      "a": "Talon LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC, Charles Schwab & Co., Inc., Fidelity Distributors Company LLC and Nationwide as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Talon 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/298714"
    },
    {
      "q": "Does Talon LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated May 21, 2026 says: \"We offer our services to individuals and high net worth individuals . We require a minimum balance of $25,000. This may be waived at our discretion.\""
    },
    {
      "q": "What changed in Talon LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 164921408.0,
      "total_employees": 8,
      "filing_date": "2021-09-24"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 774283111.0,
      "total_employees": 18,
      "filing_date": "2022-04-27"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 826440898.0,
      "total_employees": 22,
      "filing_date": "2023-06-15"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 843286851.0,
      "total_employees": 22,
      "filing_date": "2024-05-29"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 876912760.0,
      "total_employees": 22,
      "filing_date": "2025-07-09"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 1060316193.0,
      "total_employees": 22,
      "filing_date": "2026-09-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Added the business name Blue Collar Dollar."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Added the business name Talon Private Wealth.",
        "Reported a succession: took over the business of Talon Private Wealth, LLC (CRD 298714) on March 27, 2026.",
        "Changed its legal name from Talon Private Wealth, LLC to Talon LLC.",
        "Regulatory assets under management went from $876,912,760 to $1,060,316,193 (+21%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated May 21, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "$25,000",
    "account_minimum_may_be_waived": true,
    "minimum_annual_fee": null,
    "planning_fees": [
      "Hourly rate: $250 an hour (financial planning and consulting services)"
    ],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: $25,000 (the brochure says it may be waived or negotiated)"
        ],
        "quotes": [
          "We offer our services to individuals and high net worth individuals . We require a minimum balance of $25,000. This may be waived at our discretion."
        ]
      },
      {
        "label": "Planning fee",
        "statements": [
          "Hourly rate: $250 an hour (financial planning and consulting services)"
        ],
        "quotes": [
          "For our hourly fee, we charge a fee of $250. The number of hours will vary depending on the time we spend collecting the client’s information, analysis and researching the assorted topics"
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 25000.0,
      "minimum_annual_fee": null,
      "planning": [
        {
          "kind": "hourly",
          "amount": 250.0,
          "min": null,
          "max": null,
          "period": "hour",
          "service": "financial planning and consulting services"
        }
      ]
    },
    "quotes": [
      "We offer our services to individuals and high net worth individuals . We require a minimum balance of $25,000. This may be waived at our discretion.",
      "For our hourly fee, we charge a fee of $250. The number of hours will vary depending on the time we spend collecting the client’s information, analysis and researching the assorted topics"
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Altruist Financial LLC",
      "name_as_filed": "ALTRUIST FINANCIAL LLC",
      "affiliated": false
    },
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Distributors Company LLC",
      "name_as_filed": "FIDELITY DISTRIBUTORS COMPANY LLC",
      "affiliated": false
    },
    {
      "name": "Nationwide",
      "name_as_filed": "NATIONWIDE",
      "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/talon-llc-san-juan-pr-298714.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 1823,
      "fewer_than_5": false,
      "raum": 865995998.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 98,
      "fewer_than_5": false,
      "raum": 189511021.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": null,
      "fewer_than_5": true,
      "raum": 4809174.0
    }
  ],
  "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/298714",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}