Tfc Financial Management, Inc. is a large advisory firm based in Boston. It manages $904.39 million of regulatory assets for 1,067 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of California, Connecticut, Florida, and 8 other states.
Tfc Financial Management provides financial planning services, portfolio management for individuals and small businesses, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Tfc Financial Management, Inc. is $904.39 million. The firm's AUM has grown by 25% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Tfc Financial Management, Inc. for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. 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.
The firm provides services to individuals, high net worth individuals, and corporations or other businesses. The largest group of clients of Renee Kamyee Kwok is high net worth individuals with 217 clients and $838.38 million of assets under management. Among the 7 most similar advisory firms, Tfc Financial Management has the 3rd highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $904.39 million for 350 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Tfc Financial Management doesn't advise any private funds.
The company employs 17 people that are either part- or full-time employees. 65 percent of the employees work as investment advisers or researchers. 10 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.
Renee Kamyee Kwok has been acting as President since 1 Feb 2007. Daniel Steven Kern has served as the Chief Investment Officer since 1 Feb 2017. Constance Haehnel Wyllie joined the executive team most recently as the Chief Compliance Officer.
The principal office where Tfc Financial Management, Inc. performs its advisory services is located at 260 Franklin Street, Boston, MA 02110, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-210-6700 or by fax 617-210-6750. The normal business hours are 8:30am-5:00 pm on Monday - Friday. You can find more information about the New York firm at tfcfinancial.com/.