Menu burger Close thin Facebook Twitter Google plus Linked in Reddit Email arrow-right-sm arrow-right
Tap on the profile icon to edit
your financial details.

Thompson, Siegel & Walmsley Review

Your Details Done
by Updated

This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Thompson, Siegel & Walmsley (TSW) is a financial advisor firm in Richmond, Virginia. With billions of dollars in assets under management (AUM), it provides asset management services to individual and institutional clients.

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. 

The firm’s investment team currently consists of chartered financial analysts (CFAs), chartered alternative investment analysts (CAIAs) certified financial planners (CFPs) and certified investment management analysts (CIMAs).

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: 

  • Non-high-net-worth and high-net-worth individuals
  • Pension and profit-sharing plans
  • Trusts and estates
  • Investment companies
  • Public funds
  • Charitable organizations
  • Pooled investment vehicles (other than investment companies
  • and business development companies)
  • Insurance companies
  • Sovereign wealth funds
  • Endowments and foundations
  • Corporations

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.

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.

All information was accurate as of the writing of this article.

Tips for Finding the Right Financial Advisor

  • Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • 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.

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.

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