{
  "crd_number": 110473,
  "slug": "towers-watson-investment-services-inc-chicago-il-110473",
  "primary_business_name": "TOWERS WATSON INVESTMENT SERVICES, INC.",
  "legal_name": "TOWERS WATSON INVESTMENT SERVICES, INC.",
  "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": "1994-03-22",
  "years_registered": 32,
  "period": "2026-10-01",
  "filing_date": "2026-07-30",
  "carried_forward": false,
  "raum_total": 62667567768.0,
  "raum_discretionary": 54443056487.0,
  "raum_non_discretionary": 8224511281.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 239,
  "advisory_employees": 233,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 0.0,
      "count": 0
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 61795082631.0,
      "count": 106
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 0.0,
      "count": 0
    },
    "pooled_investment_vehicles": {
      "raum": 872485137.0,
      "count": 1
    },
    "corporations_other_businesses": {
      "raum": 0.0,
      "count": 0
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "hourly",
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "educational_seminars",
    "market_timing",
    "other",
    "pension_consulting",
    "periodicals_newsletters",
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "CT",
    "FL",
    "GA",
    "IL",
    "KY",
    "MA",
    "MI",
    "MN",
    "MO",
    "NC",
    "NJ",
    "NY",
    "OH",
    "PA",
    "SC",
    "TN",
    "TX",
    "VA",
    "WA"
  ],
  "websites": [
    "https://bsky.app/profile/wtwcorporate.bsky.social",
    "https://facebook.com/WTWcorporate",
    "https://instagram.com/wtwcorporate",
    "https://linkedin.com/company/wtwcorporate",
    "https://linkedin.com/showcase/wtw-investments",
    "https://thinkingaheadinstitute.org",
    "https://threads.net/@wtwcorporate",
    "https://tiktok.com/@wtwcorporate",
    "https://wtwco.com/en-US/Solutions/investments",
    "https://x.com/WTWcorporate",
    "https://youtube.com/c/WTWcorporate"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/110473",
  "city_as_filed": "CHICAGO",
  "url": "https://advisorcensus.com/firm/towers-watson-investment-services-inc-chicago-il-110473",
  "display_name": "Towers Watson Investment Services, Inc.",
  "summary": "Towers Watson Investment Services, Inc. is an SEC-registered investment advisory firm in Chicago, IL, registered since 1994, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated July 30, 2026.",
  "citation": "AdvisorCensus. Towers Watson Investment Services, Inc. (CRD 110473): 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)",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Publication of periodicals or newsletters",
    "Market timing services",
    "Educational seminars/workshops",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Towers Watson Investment Services, Inc. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Towers Watson Investment Services, Inc. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees); other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Towers Watson Investment Services, Inc. located?",
      "a": "Towers Watson Investment Services, Inc.'s principal office is in Chicago, IL, according to its Form ADV; the August 2026 filing also lists 12 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Towers Watson Investment Services, Inc. registered with the SEC or a state?",
      "a": "Towers Watson Investment Services, Inc. is an SEC-registered investment advisory firm, registered since 1994. Status as filed: Approved. CRD 110473."
    },
    {
      "q": "How much does Towers Watson Investment Services, Inc. manage?",
      "a": "Towers Watson Investment Services, Inc. reports $62,667,567,768 in regulatory assets under management in its Form ADV filing dated July 30, 2026 (87% discretionary)."
    },
    {
      "q": "How have Towers Watson Investment Services, Inc.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Towers Watson Investment Services, Inc.: Regulatory assets under management: $48,877,818,316 in the October 2021 data and $62,667,567,768 in the October 2026 data, up 28%. Total employees: 182 in October 2021 and 239 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Towers Watson Investment Services, Inc. serve?",
      "a": "By number of clients on Form ADV Item 5.D: pension and profit sharing plans (but not the plan participants or government pension plans) (106); pooled investment vehicles (other than investment companies and business development companies) (1)."
    },
    {
      "q": "Which custodians does Towers Watson Investment Services, Inc. use?",
      "a": "Towers Watson Investment Services, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Northern Trust and State Street as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Towers Watson Investment Services, Inc. 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/110473"
    },
    {
      "q": "What changed in Towers Watson Investment Services, Inc.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 236 to 233. Regulatory assets under management went from $52,220,039,039 to $62,667,567,768 (+20%). Changed its office addresses in Atlanta, GA. Changed its office addresses in Cincinnati, OH. Changed its office addresses in Philadelphia, PA. Changed its office addresses in Short Hills, NJ. Changed its office addresses in Stamford, CT. Changed its office addresses in Tampa, FL."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 48877818316.0,
      "total_employees": 182,
      "filing_date": "2021-06-15"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 56206287652.0,
      "total_employees": 173,
      "filing_date": "2022-09-19"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 63288614312.0,
      "total_employees": 198,
      "filing_date": "2023-07-18"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 51371522113.0,
      "total_employees": 208,
      "filing_date": "2024-09-19"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 52220039039.0,
      "total_employees": 242,
      "filing_date": "2025-06-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 62667567768.0,
      "total_employees": 239,
      "filing_date": "2026-07-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 236 to 233.",
        "Regulatory assets under management went from $52,220,039,039 to $62,667,567,768 (+20%).",
        "Changed its office addresses in Atlanta, GA.",
        "Changed its office addresses in Cincinnati, OH.",
        "Changed its office addresses in Philadelphia, PA.",
        "Changed its office addresses in Short Hills, NJ.",
        "Changed its office addresses in Stamford, CT.",
        "Changed its office addresses in Tampa, FL."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Northern Trust",
      "name_as_filed": "NORTHERN TRUST",
      "affiliated": false
    },
    {
      "name": "State Street",
      "name_as_filed": "STATE STREET",
      "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/towers-watson-investment-services-inc-chicago-il-110473.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 872485137.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 106,
      "fewer_than_5": false,
      "raum": 61795082631.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "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/110473",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}