Tlwm, LLC (San Antonio)


Tlwm, LLC is a large advisory firm based in San Antonio. It manages $208.4 million of regulatory assets for 974 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Louisiana, New Mexico, and Texas.

Tlwm provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 50 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tlwm: assets under management

The assets under management (AUM) of Tlwm, LLC is $208.4 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 84% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $208.4 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $213.96 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 22% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tlwm, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tlwm serves?

The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Tlwm is individuals with 555 clients and $94.34 million of assets under management. Among the 10 most similar advisory firms, Tlwm has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $208.12 million for 651 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Tlwm doesn't advise any private funds.

Careers at Tlwm, LLC

The company employs 8 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Enzo Thomas Pellegrino Chief compliance officer 1 Oct 2011 Other 4392184
Llc Tlhc Owner 1 Jan 2014 75% - 100% 46-4401552

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Enzo Thomas Pellegrino Managing member 1 Jan 2014 75% - 100% 4392184

Based in San Antonio

The principal office where Tlwm, LLC performs its advisory services is located at 40 Ne Loop 410, San Antonio, TX 78216, which is also the mailing address of the firm. An additional office of the firm is in Arlington, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 210-541-8600 or by fax 210-541-8650. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at texaslegacywealth.com.