Tanglewood Legacy Advisors, LLC (Houston)

Name: Tanglewood Legacy Advisors, LLC
Address: One Riverway, Suite 1550, Houston, TX, 77056
Telephone: 713-599-4999

Tanglewood Legacy Advisors, LLC is a large advisory firm based in Houston. It manages $207.24 million of regulatory assets for 342 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of New York and Texas.

Tanglewood Legacy Advisors provides financial planning services, portfolio management for individuals and small businesses, and consulting on hourly or project basis. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tanglewood Legacy Advisors: assets under management

The assets under management (AUM) of Tanglewood Legacy Advisors, LLC is $207.24 million. The firm's AUM has grown by 93% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $201.06 million in discretionary accounts and $6.18 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $593.1 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $2.06 million.

Investments

The firm invests in investment and business development companies the most. They account for 70% of the total AUM. The second-largest asset type is exchange traded securities, which make up 23% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tanglewood Legacy Advisors, 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 Andrew Todd Gardener serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Andrew Todd Gardener is high net worth individuals with 67 clients and $188.26 million of assets under management. Among the 12 most similar advisory firms, Tanglewood Legacy Advisors has the 2nd highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $198.37 million for 104 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.

Tanglewood Legacy Advisors doesn't advise any private funds.

Careers at Tanglewood Legacy Advisors, LLC

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. 6 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 don’t receive compensation from other entities for client referrals.

Andrew Todd Gardener has been acting as President since 1 May 2003. Shannon Jon Pike joined the executive team most recently as the Chief Compliance Officer And Vice President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Todd Gardener	President/ managing member	1 May 2003	75% - 100%	1172071
Brenda Lea Wind	Chief compliance officer	1 Apr 2016	Other	6290415
Shannon Jon Pike	Chief compliance officer and vice president	1 Jan 2017	Other	3183278

Based in Houston

The principal office where Tanglewood Legacy Advisors, LLC performs its advisory services is located at One Riverway, Suite 1550, Houston, TX 77056, which is also the mailing address of the firm. An additional office of the firm is in Kingwood, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 713-599-4999 or by fax 713-599-4989. The normal business hours are 8:00 to 4:00 on Monday - Friday. You can find more information about the New York firm at family-cfo.com.