Tower Bridge Advisors, Inc. (Conshohocken)

Name: Tower Bridge Advisors, Inc.
Address: 101 West Elm Street, Conshohocken, PA, 19428 2075
Telephone: 610-260-2200

Tower Bridge Advisors, Inc. is a large advisory firm based in Conshohocken. It manages $1.3 billion of regulatory assets for 904 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Connecticut, Delaware, and 9 other states.

Tower Bridge Advisors provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tower Bridge Advisors: assets under management

The assets under management (AUM) of Tower Bridge Advisors, Inc. is $1.3 billion. The firm's AUM has grown by 631% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.07 billion in discretionary accounts and $230.28 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.49 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $283.94 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 63% of the total AUM. The second-largest asset type is state and local bonds, which make up 12% of the firm’s portfolio. Investments in investment grade corporate bonds form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tower Bridge Advisors, Inc. for their services and products based on a percentage of assets under management 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.

What kind of clients Tower Bridge Advisors serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Tower Bridge Advisors is high net worth individuals with 522 clients and $1.05 billion of assets under management. Among the 4 most similar advisory firms, Tower Bridge Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.3 billion for 904 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Tower Bridge Advisors doesn't advise any private funds.

Careers at Tower Bridge Advisors, Inc.

The company employs 17 people that are either part- or full-time employees. 53 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 10 people 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
Maris Ann Ogg	President, director	1 Sep 2001	25% - 50%	1102648
James Maurice Meyer	Principal, secretary, director, chief investment ofc, chief compliance officer	1 Sep 2001	25% - 50%	333111
John Strawbridge Lloyd	Shareholder	1 Sep 2001	Other	2583103
Holdings Inc. Boenning & Scattergood	Shareholder	1 Sep 2001	Other	20-5811385
Charles Snowden Rockey	Principal	1 Sep 2001	Other	1625431
Virginia Bullitt Leith	Principal	1 Sep 2001	Other	4393253
Paul Bryson Kuper	Principal	1 Sep 2001	Other	4393265
Boenning & Scattergood	Shareholder	1 Sep 2001	Other	23-1720062
Jeffrey Kachel	Cfo, chief operations officer, principal	1 Mar 2004	Other	4866924
Raymond Frederic Reed	Managing director, principal	1 Jul 2004	Other	1036435
Joseph John Devlin	Principal	1 Jul 2004	Other	1899113
Paul Mulford Mecray	Shareholder	1 Apr 2011	Other	4327756

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Harold Francis Scattergood	Shareholder	1 Jun 1990	50% - 75%	412133

Based in Conshohocken

The principal office where Tower Bridge Advisors, Inc. performs its advisory services is located at 101 West Elm Street, Conshohocken, PA 19428 2075, 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 610-260-2200 or by fax 610-260-2239. The normal business hours are 8 am to 5 pm on Monday - Friday. You can find more information about the New York firm at towerbridgeadvisors.com.