# Townsend

> Townsend is an SEC-registered investment advisory firm in Westminster, CO, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated September 11, 2026.

- CRD: 113681
- Filed as: TOWNSEND
- Legal name: Townsend & Associates, Inc.
- Also doing business as: -TOWNSEND, TOWNSEND RETIREMENT SPECIALISTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Westminster, CO
- Filing period: October 2026
- Form ADV filing dated: September 11, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/113681
- AdvisorCensus page: https://advisorcensus.com/firm/townsend-westminster-co-113681

## Quick answers

**How is Townsend compensated?**
On its Form ADV (Item 5.E, October 2026), Townsend reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does Townsend charge?**
Its Form ADV Part 2A brochure dated August 14, 2026 states: Flat fee: $265 (completing a financial profile); Hourly rate: $285 an hour (individual financial consultation services); Flat fee: up to $150 a year (continuing financial planning services for a one year period). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Townsend located?**
Townsend's principal office is in Westminster, CO, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F).

**Is Townsend registered with the SEC or a state?**
Townsend is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 113681.

**How much does Townsend manage?**
Townsend reports $1,520,130,422 in regulatory assets under management in its Form ADV filing dated September 11, 2026 (100% discretionary).

**How have Townsend's assets and staff changed since 2021?**
In the Form ADV data for Townsend: Regulatory assets under management: $856,188,555 in the October 2021 data and $1,520,130,422 in the October 2026 data, up 78%. Total employees: 23 in October 2021 and 30 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Townsend serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,003); high net worth individuals (511).

**Which custodians does Townsend use?**
Townsend's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Townsend 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/113681

**What changed in Townsend's recent Form ADV filings?**
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated August 14, 2026)

- Flat fee: $265 (completing a financial profile)

> A fixed fee of $265 is charged for completing a financial profile. Fees will be due prior to services being provided.

- Hourly rate: $285 an hour (individual financial consultation services)

> Townsend will charge a fee of $285 per hour for these services. This fee is non-negotiable.

- Flat fee: up to $150 a year (continuing financial planning services for a one year period)

> A fixed fee of up to $150 will be charged for continuing financial planning services for a one year period.

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

### Custodians (Schedule D, Section 5.K(3))
- National Financial 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: $1,520,130,422
- Discretionary: $1,517,910,886
- Non-discretionary: $2,219,536

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,003 | $433,052,801 |
| High net worth individuals | 511 | $1,087,077,621 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Publication of periodicals or newsletters
- Educational seminars/workshops

### Firm details
- Registered since: 2006 (20 years)
- Employees: 30 total, 11 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AR, AZ, CA, CO, FL, IL, IN, KS, MI, MO, MS, MT, NC, NE, NM, NV, NY, OH, OK, OR, SD, TN, TX, UT, WA, WY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Aspen, CO
- Denver, CO

### Websites listed on Form ADV (Item 1.I)
- 401kadvantage.net
- townsendretirement.com
- Facebook @TOWNSENDRETIREMENT
- LinkedIn @TOWNSEND-RETIREMENT-SPECIALISTS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $856,188,555 | 23 | September 2, 2021 |
| October 2022 | $1,007,709,869 | 22 | September 9, 2022 |
| October 2023 | $991,009,796 | 29 | August 7, 2023 |
| October 2024 | $1,116,550,512 | 29 | March 19, 2024 |
| October 2025 | $1,276,115,828 | 28 | March 2, 2025 |
| October 2026 | $1,520,130,422 | 30 | September 11, 2026 |

Regulatory assets under management: $856,188,555 in the October 2021 data and $1,520,130,422 in the October 2026 data, up 78%.
Total employees: 23 in October 2021 and 30 in October 2026.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

### March 2026
- Regulatory assets under management went from $1,276,115,828 to $1,520,130,422 (+19%).
- Registered or notice-filed in KS, MS.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Townsend (CRD 113681): Form ADV filing data as of October 2026.