Touchstone Advisory, LLC (New York)

Touchstone Advisory, LLC is a large advisory firm based in New York. It manages $102.07 million of regulatory assets for 214 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 11 other states.

Touchstone Advisory provides financial planning services, portfolio management for individuals and small businesses, and pension consulting services. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Touchstone Advisory: assets under management

The assets under management (AUM) of Touchstone Advisory, LLC is $102.07 million. $3 million of the total AUM is attributable to clients outside of the United States.

Investments

The firm invests in pooled investment vehicles the most. They account for 62% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 4% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Touchstone Advisory, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Touchstone Advisory serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Touchstone Advisory is high net worth individuals with 34 clients and $52.48 million of assets under management. Among the 4 most similar advisory firms, Touchstone Advisory has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $102.07 million for 162 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.

Touchstone Advisory doesn't advise any private funds.

Careers at Touchstone Advisory, LLC

The company employs 6 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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
Zachary Douglas Zanghi	Managing partner & chief compliance officer	1 Mar 2017	25% - 50%	5616012
Touchstone Advisory Inc.	Member	1 Mar 2017	50% - 75%	0000000
Matthew Nmn Doherty	Member	1 Mar 2017	25% - 50%	6160873
Touchstone Advisory Ltd	Member	1 Mar 2017	50% - 75%	0000000
Zachary Zanghi	Managing member & chief compliance officer	1 Mar 2017	Other	5616012
Matthew Doherty	Member	1 Mar 2017	25% - 50%	6160873
Zachary Douglas Zanghi	Managing partner	1 Oct 2017	25% - 50%	5616012
Louis Achille Almerini	Chief compliance officer	1 Feb 2018	Other	1605183

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Benjamin John Alderson	Managing member	1 Mar 2017	75% - 100%	6120011

Based in New York

The principal office where Touchstone Advisory, LLC performs its advisory services is located at 90 Broad Street, New York, NY 10004, 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 (646) 450-0947 or by fax 646-403-3555. The normal business hours are 8:30 am - 5:00 pm on Monday - Friday.