Thompson, Siegel & Walmsley (TSW) is a registered investment advisor (RIA) firm in Richmond, Virginia. With more than $20 billion in assets under management (AUM), it provides asset management services to high-net-worth individuals. If you are looking for financial planning services, the firm doesn't specialize in them. Try our interactive financial advisor matching tool to find a local advisor with a wider range of services.
Thompson, Siegel & Walmsley Background
TSW formed in 1969 and existed as an independent subsidiary of Brightsphere Investment Group. In May 2021, the firm was acquired by Pendal Group for $320 million.
The firm’s investment team currently consists of 16 chartered financial analysts (CFAs). One of these individuals also holds the chartered alternative investment analyst (CAIA) designation. The firm's strategic advisory team features CFAs, CAIAs, a certified financial planner (CFP) and a certified investment management analyst (CIMA).
Thompson, Siegel & Walmsley Client Types and Minimum Account Sizes
TSW requires a minimum asset amount of $1 million for a new high-net-worth client account. Minimum asset requirements for separately managed institutional accounts are $10 million, with international strategies requiring $50 million.
The firm offers services to these types of clients:
- High-net-worth individuals
- Pension and profit-sharing plans
- Trusts and estates
- Taft Hartley Plans
- Investment companies
- Public funds
- Charitable organizations
- Collective Investment Trusts
- Pooled investment vehicles (other than investment companies
- and business development companies)
- Insurance companies
- Sovereign wealth funds
- Endowments and foundations
- Proprietary accounts
Services Offered by Thompson, Siegel & Walmsley
TSW specializes in asset management services. The firm engages in market capitalization strategies involving domestic equity, international equity, long/short equity and fixed income securities. TSW generally provides these services on a discretionary basis. This means the firm makes all investment decisions as it sees fit based on the client’s risk tolerance and investment goals. However, clients may place some restrictions on investing in specific securities or types of securities through their established guidelines.
Depending on your needs, the firm may place you in one or more of the following portfolio models:
- Large Cap Value
- Mid-Cap Value
- SMID-Cap (small and mid-cap) Value
- International Small Cap
- International Equity
- Fixed Income (Aggregate/Intermediate/Core Plus/Municipal)
- Multi-Asset Income
- Long/Short Strategies
- High Yield Bond
- Asset Allocation (Balanced)
- Small Cap Opportunities
Thompson, Siegel & Walmsley Investment Philosophy
TSW makes investment decisions based on several factors such as the client’s risk appetite, financial situation and investment goals. Depending on your situation, the firm may invest your assets across some of the following types of securities:
- Common stocks
- International stocks
- Preferred stocks
- Interests in publicly traded limited partnerships
- American depository receipts
- European depository receipts
- Global depositary receipts
- Exchange-traded funds (ETFs)
- U.S. government bonds and obligations
- U.S. government agency obligations
- Corporate bonds
- High-yield securities
- Mortgage-backed securities
- Other asset-backed securities
- Collateralized mortgage obligations
- Mortgage dollar rolls
- Repurchase agreements
- Treasury Inflation-Protected Securities
- Options contracts
- Foreign currencies
Fees Under Thompson, Siegel & Walmsley
TSW charges its investment advisory fee as a percentage of assets under management (AUM). This fee varies, depending on the asset classes you’re invested in and the size of your account. We provide the firm’s current fee schedule below:
|Strategy||Standard Annual Fee|
|Large Cap Value||First $100 million: 0.55%; Next $200 million: 0.40%; More than $300 million: 0.35%|
|Mid-Cap Value||First $ 50 million: 0.75%; Next $50 million: 0.65%; More than $100 million: 0.55%|
|SMID-Cap Value||First $50 million:0.85%; next $50 million: 0.75%; more than $100 million: 0.65%|
|International Small Cap||First $100 million: 1.00%; more than $100 million: 0.90%|
|International Equity||First $25 million: 0.75%; next $75 million: 0.65%; more than $100 million: 0.50%|
|Emerging Markets||First $50 million: 0.85%; next $200 million: 0.80%; over $250 million: 0.70%|
|Fixed Income – Aggregate/Intermediate/Core Plus/Municipal||First $25 million: 0.40%; more than $25 million: 0.30%|
|Multi-Asset Income||First $50 million: 0.55%; more than $50 million: 0.45%|
|Long/Short Strategies||1% annually + incentive fee|
|High Yield Bond||First $100 million: 0.45%; more than $100 million: 0.40%|
|Asset Allocation (Balanced)||First $2 million:1.00%; next $3 million: 0.75%; next $5 million: 0.65%; more than $10 million: 0.50%|
|Small Cap Opportunities||1.25%|
What to Watch Out For
TSW does not have any disclosures of legal or regulatory actions on its most recent Form ADV filed with the U.S. Securities and Exchange Commission.
Also, the firm solely provides investment management services to its clients. It doesn't offer individualized financial planning on topics like cash-flow management, retirement planning or estate planning. But you can find a firm with a broader range of services by checking out our list of the top financial advisor firms in Virginia.
Tips for Finding the Right Financial Advisor
- Don't have $1 million to invest? Use SmartAsset's financial advisor matching tool to identify advisors who help clients with less assets. The tool links you with up to three advisors who serve your area based on your personal needs and preferences.
- Ask candidates how much liability insurance they have. The right answer should be at least as much as you plan on putting in the advisor’s hands. So if they say $25,000 per incident and you have $50,000 to invest, they aren't a good fit.
All information was accurate as of the writing of this article.