Talon Private Wealth, LLC (The Villages)

Name: Talon Private Wealth, LLC
Address: 11974 County Road 101, The Villages, FL, 32162
Telephone: 407-270-1000

Talon Private Wealth, LLC is a large advisory firm based in The Villages. It manages $292.56 million of regulatory assets for 1,606 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdiction of Florida.

Talon Private Wealth provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as investment adviser representative.

Talon Private Wealth: assets under management

The assets under management (AUM) of Talon Private Wealth, LLC is $292.56 million. The company doesn't manage any assets belonging to foreign clients.

The firm manages $280.36 million in discretionary accounts and $12.19 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $207.83 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $47.45 thousand.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is investment and business development companies, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Talon Private Wealth, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Talon Private Wealth serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Talon Private Wealth is individuals with 604 clients and $280.36 million of assets under management. Among the 8 most similar advisory firms, Talon Private Wealth has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $292.56 million for 620 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.

Talon Private Wealth doesn't advise any private funds.

Careers at Talon Private Wealth, LLC

The company employs 3 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 3 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 receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Michael Lester	Managing member/cco	1 Feb 2019	75% - 100%	4885592

Based in The Villages

The principal office where Talon Private Wealth, LLC performs its advisory services is located at 11974 County Road 101, The Villages, FL 32162, 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 407-270-1000. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at talonwm.com.