Tsfg, LLC (Lake Forest)


Tsfg, LLC is a large advisory firm based in Lake Forest. It manages $291.31 million of regulatory assets for 1,512 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdictions of Arizona, California, Colorado, and 6 other states.

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Tsfg provides portfolio management for individuals and small businesses and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tsfg: assets under management

The assets under management (AUM) of Tsfg, LLC is $291.31 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.


The firm manages $291.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $192.67 thousand each.
Tsfg has custody of $143 million in cash and securities for 518 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in investment and business development companies the most. They account for 76% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in cash and cash equivalents form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tsfg, LLC for their services and products based on a percentage of assets under management and hourly charges. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tsfg serves?

The firm provides services to individuals, charitable organizations, and high net worth individuals. The largest group of clients of Tsfg is individuals with 802 clients and $251 million of assets under management. Among the 9 most similar advisory firms, Tsfg has the highest percentage of individuals out of all clients.


The amount of regulatory assets under management is $291.31 million for 829 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.

Tsfg doesn't advise any private funds.

Careers at Tsfg, LLC

The company employs 10 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 5 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
Jeffrey P Feinendegen Officer 1 Mar 2018 Other 4202523
Michael John Gibbons Officer 1 Mar 2018 Other 2052911
Daniel Mark Nagel Officer 1 Mar 2018 Other 1861282
Daniel Joseph Bouska Officer 1 Mar 2018 Other 1887073
Llc Tsfg Owner 1 Mar 2018 75% - 100% 82-4379576
Michael Richard Schremser Chief compliance officer 1 Jul 2018 Other 5159835

Based in Lake Forest

The principal office where Tsfg, LLC performs its advisory services is located at 1052 N Western Avenue, Lake Forest, IL 60045, which is also the mailing address of the firm. An additional office of the firm is in Mundelein, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-735-7100 or by fax 847-735-0700. The normal business hours are 8 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at gibbonsfinancialgroup.com and its LinkedIn profile.