{ "crd_number": 108216, "slug": "townsend-asset-management-corp-raleigh-nc-108216", "primary_business_name": "TOWNSEND ASSET MANAGEMENT CORP.", "legal_name": "TOWNSEND ASSET MANAGEMENT CORP.", "dbas": [], "city": "Raleigh", "state": "NC", "country": "United States", "cbsa_code": "39580", "metro": { "cbsa_code": "39580", "common_name": "Raleigh", "msa_name": "Raleigh-Cary, NC", "path": "/advisors/nc/raleigh" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1982-12-06", "years_registered": 43, "period": "2026-10-01", "filing_date": "2026-02-27", "carried_forward": false, "raum_total": 479589639.0, "raum_discretionary": 465188917.0, "raum_non_discretionary": 14400722.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 7, "advisory_employees": 4, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "charitable": { "raum": 544525.0, "count": 12 }, "individuals": { "raum": 84568847.0, "count": 264 }, "pension_profit_sharing": { "raum": 3888706.0, "count": 4, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 389372347.0, "count": 118 }, "corporations_other_businesses": { "raum": 1215214.0, "count": 6 } }, "compensation_types": [ "fixed", "hourly", "percentage_of_aum" ], "advisory_activities": [ "educational_seminars", "financial_planning", "portfolio_management_businesses_institutional", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "FL", "LA", "NC", "SC", "TX", "VA" ], "websites": [ "https://facebook.com/TOWNSEND-ASSET-MANAGEMENT-CORP-162005293818878", "https://linkedin.com/company/townsend-asset-management-corp-", "https://northcarolinawealthmanagers.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108216", "city_as_filed": "RALEIGH", "url": "https://advisorcensus.com/firm/townsend-asset-management-corp-raleigh-nc-108216", "display_name": "Townsend Asset Management Corp.", "summary": "Townsend Asset Management Corp. is an SEC-registered investment advisory firm in Raleigh, NC, registered since 1982, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 27, 2026.", "citation": "AdvisorCensus. Townsend Asset Management Corp. (CRD 108216): 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", "Portfolio management for businesses (other than small businesses) or institutional clients", "Educational seminars/workshops" ], "quick_answers": [ { "q": "How is Townsend Asset Management Corp. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Townsend Asset Management Corp. reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees)." }, { "q": "Where is Townsend Asset Management Corp. located?", "a": "Townsend Asset Management Corp.'s principal office is in Raleigh, NC, according to its Form ADV." }, { "q": "Is Townsend Asset Management Corp. registered with the SEC or a state?", "a": "Townsend Asset Management Corp. is an SEC-registered investment advisory firm, registered since 1982. Status as filed: Approved. CRD 108216." }, { "q": "How much does Townsend Asset Management Corp. manage?", "a": "Townsend Asset Management Corp. reports $479,589,639 in regulatory assets under management in its Form ADV filing dated February 27, 2026 (97% discretionary)." }, { "q": "How have Townsend Asset Management Corp.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Townsend Asset Management Corp.: Regulatory assets under management: $299,925,879 in the October 2021 data and $479,589,639 in the October 2026 data, up 60%. Total employees: 7 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Townsend Asset Management Corp. serve?", "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (264); high net worth individuals (118); charitable organizations (12)." }, { "q": "Which custodians does Townsend Asset Management Corp. use?", "a": "Townsend Asset Management Corp.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Townsend Asset Management Corp. 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/108216" } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 299925879.0, "total_employees": 7, "filing_date": "2021-05-17" }, { "period": "2022-10-01", "regulatory_assets_under_management": 367101234.0, "total_employees": 8, "filing_date": "2022-05-11" }, { "period": "2023-10-01", "regulatory_assets_under_management": 346302064.0, "total_employees": 10, "filing_date": "2023-03-14" }, { "period": "2024-10-01", "regulatory_assets_under_management": 401407968.0, "total_employees": 8, "filing_date": "2024-03-15" }, { "period": "2025-10-01", "regulatory_assets_under_management": 445575200.0, "total_employees": 8, "filing_date": "2025-03-11" }, { "period": "2026-10-01", "regulatory_assets_under_management": 479589639.0, "total_employees": 7, "filing_date": "2026-02-27" } ], "recent_changes": [], "fees_from_brochure": null, "custodians": [ { "name": "Charles Schwab & Co., Inc.", "name_as_filed": "CHARLES SCHWAB & CO., INC.", "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/townsend-asset-management-corp-raleigh-nc-108216.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 264, "fewer_than_5": false, "raum": 84568847.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 118, "fewer_than_5": false, "raum": 389372347.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": 4, "fewer_than_5": true, "raum": 3888706.0 }, { "type": "charitable", "label": "Charitable organizations", "count": 12, "fewer_than_5": false, "raum": 544525.0 }, { "type": "corporations_other_businesses", "label": "Corporations or other businesses not listed above", "count": 6, "fewer_than_5": false, "raum": 1215214.0 } ], "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/108216", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }