Tl Private Wealth LLC (Southlake)


Tl Private Wealth LLC is a large advisory firm based in Southlake. It manages $175.75 million of regulatory assets for 425 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Oklahoma and Texas.

Tl Private Wealth provides financial planning services and portfolio management for individuals and small businesses. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tl Private Wealth: assets under management

The assets under management (AUM) of Tl Private Wealth LLC is $175.75 million. The firm's AUM has grown by 60% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $168.02 million in discretionary accounts and $7.73 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $417.95 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $336.06 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 74% of the total AUM. The second-largest asset type is state and local bonds, which make up 8% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tl Private Wealth LLC for their services and products based on a percentage of assets under management and hourly charges. 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 Tl Private Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Tl Private Wealth is individuals with 113 clients and $133.22 million of assets under management. Among the 11 most similar advisory firms, Tl Private Wealth has the 2nd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $175.75 million for 168 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.

Tl Private Wealth doesn't advise any private funds.

Careers at Tl Private Wealth LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 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 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
Brad Christian Little Managing member - cco 1 May 2013 50% - 75% 5783449
Dustin Richard Tondre Managing member 1 May 2013 50% - 75% 4942019

Based in Southlake

The principal office where Tl Private Wealth LLC performs its advisory services is located at 165 S Kimball Ave, Southlake, TX 76092, 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 682-831-1048. The normal business hours are by appointment on Monday - Friday. You can find more information about the New York firm at tlwealth.com.

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