Tower Asset Management LLC (Beverly Hills)

Name: Tower Asset Management LLC
Address: 8350 Wilshire Blvd, Beverly Hills, CA, 90211
Telephone: 323-658-4466

Tower Asset Management LLC is a large advisory firm based in Beverly Hills. It manages $384 million of regulatory assets for 1,200 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 12 other states.

Tower Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and pension consulting services. 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 Asset Management: assets under management

The assets under management (AUM) of Tower Asset Management LLC is $384 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -17% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $384 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $320 thousand each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Tower Asset Management LLC for their services and products based on a percentage of assets under management. 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.

Careers at Tower Asset Management LLC

James David Portman has been acting as President since 1 Nov 1999. Inc Sws Group joined the executive team most recently as the Indirect Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc. M.L. Stern & Co.	Owner	1 Nov 1999	75% - 100%	8327
Pacific Lifecorp.	Owner	1 Nov 1999	75% - 100%	33-0769203
("Tam") Tam Holding Inc.	Owner	1 Nov 1999	Other	95-4089696
Mlsmes Holding Company ("Mlsmes")	Owner	1 Nov 1999	Other	95-3504791
Dtd 07/22/76 Stern Family Grantor Trust	Owner	1 Nov 1999	75% - 100%	xxx-xx-xxxx
Inc. A Cal. Corp. Pacific Mutual Holding Co.	Owner	1 Nov 1999	75% - 100%	33-0769202
Milford Lee Stern	Member	1 Nov 1999	Other	501622
James David Portman	President	1 Nov 1999	Other	4470242
Jon Christopher Lam	Coo	1 Jan 2004	Other	1860840
Charles Larsen	Senior vice president	1 Jan 2004	Other	1955290
Raymond Clayton Baker	Sr. vice president	1 Jan 2004	Other	10863
Stuart M Sneddon	Senior vice president	1 Jan 2004	Other	2038208
Charles John Larsen	Senior vice president	1 Jan 2004	Other	1955290
Stuart Michael Sneddon	Senior vice president	1 Jan 2004	Other	2038208
Jon Christopher Lam	President	1 Nov 2006	Other	1860840
David Maurer	Chief compliance officer	1 Dec 2006	Other	4695817

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Pacific Life Corp	Member	1 Nov 1999	75% - 100%	33-0769203
Mlsmes Holding Company	Member	1 Nov 1999	Other	95-3504791
Llc Tam Holding Company	Member	1 Nov 1999	Other	95-4089696
Inc. Pacific Select Distributors	Owner	1 Jan 2004	75% - 100%	4452
Pacific Select Group	Indirect owner	1 Dec 2005	75% - 100%	95-1079000
Inc Sws Group	Indirect owner	1 Apr 2008	75% - 100%	75-2040825

Based in Beverly Hills

The principal office where Tower Asset Management LLC performs its advisory services is located at 8350 Wilshire Blvd, Beverly Hills, CA 90211, 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 323-658-4466 or by fax 323-658-4475. The normal business hours are 8:00a.m. to 5:00p.m. on Monday - Friday. You can find more information about the New York firm at www.towerasset.com.