# Tealwood Asset Management

> Tealwood Asset Management is an SEC-registered investment advisory firm in Minneapolis, MN, registered since 1987, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 6, 2026.

- CRD: 105245
- Filed as: TEALWOOD ASSET MANAGEMENT
- Legal name: Tealwood Asset Management Inc
- Also doing business as: TEALWOOD
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Minneapolis, MN
- Filing period: October 2026
- Form ADV filing dated: February 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/105245
- AdvisorCensus page: https://advisorcensus.com/firm/tealwood-asset-management-minneapolis-mn-105245

## Quick answers

**How is Tealwood Asset Management compensated?**
On its Form ADV (Item 5.E, October 2026), Tealwood Asset Management reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Tealwood Asset Management located?**
Tealwood Asset Management's principal office is in Minneapolis, MN, according to its Form ADV.

**Is Tealwood Asset Management registered with the SEC or a state?**
Tealwood Asset Management is an SEC-registered investment advisory firm, registered since 1987. Status as filed: Approved. CRD 105245.

**How much does Tealwood Asset Management manage?**
Tealwood Asset Management reports $365,398,285 in regulatory assets under management in its Form ADV filing dated February 6, 2026 (100% discretionary).

**How have Tealwood Asset Management's assets and staff changed since 2021?**
In the Form ADV data for Tealwood Asset Management: Regulatory assets under management: $374,931,761 in the October 2021 data and $365,398,285 in the October 2026 data, down 3%. Total employees: 11 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Tealwood Asset Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (169); individuals (other than high net worth individuals) (61); investment companies (1).

**Which custodians does Tealwood Asset Management use?**
Tealwood Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Tealwood Asset Management 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/105245

**What changed in Tealwood Asset Management's recent Form ADV filings?**
In the March 2026 filing data: Employees performing advisory functions went from 5 to 4.

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

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: $365,398,285
- Discretionary: $365,398,285
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 61 | $39,550,928 |
| High net worth individuals | 169 | $316,514,943 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 1 | $195,219 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $3,116,654 |
| Charitable organizations | Fewer than 5 | $453,074 |
| State or municipal government entities (including government pension plans) | Not reported | $0 |
| Other investment advisers | Fewer than 5 | $3,059,438 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $2,508,029 |
| Other | 0 | $0 |

### 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: 1987 (39 years)
- Employees: 7 total, 4 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: AZ, CA, CO, FL, MN, NE, NH, TX, WI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- tealwood.com
- Facebook @TEALWOOD-ASSET-MANAGEMENT-282995988473012
- LinkedIn @tealwood-asset-management
- X @TEALWOODAM

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $374,931,761 | 11 | March 31, 2021 |
| October 2022 | $364,321,758 | 9 | March 24, 2022 |
| October 2023 | $327,959,457 | 6 | March 22, 2023 |
| October 2024 | $343,555,420 | 5 | March 28, 2024 |
| October 2025 | $364,416,691 | 7 | January 28, 2025 |
| October 2026 | $365,398,285 | 7 | February 6, 2026 |

Regulatory assets under management: $374,931,761 in the October 2021 data and $365,398,285 in the October 2026 data, down 3%.
Total employees: 11 in October 2021 and 7 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Employees performing advisory functions went from 5 to 4.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Tealwood Asset Management (CRD 105245): Form ADV filing data as of October 2026.