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Thompson Siegel & Walmsley Review

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Review content is produced independently of any business relationships that might exist with the firms mentioned here, and business partners of SmartAsset receive no special consideration in reviews. This page contains links to SmartAsset's financial advisor matching tool, which may or may not match you with the advisor(s) mentioned here.

Thompson, Siegel & Walmsley LLC

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

The minimum for an individual to open an account is $1 million. TSW charges an annual minimum account fee of $12,000. 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
  • Hospitals
  • Charitable organizations
  • Collective Investment Trusts
  • Pooled investment vehicles (other than investment companies
  • and business development companies)
  • Insurance companies
  • UCITS
  • 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 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: 0.30%
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%
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 in 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.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Least
Most
Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research