Tower Equities, Inc. (Dayton)

Name: Tower Equities, Inc.
Address: 8141 N Main St, Dayton, OH, 45415 1747
Telephone: 937-890-1988

Tower Equities, Inc. is a large advisory firm based in Dayton. It manages $38.51 million of regulatory assets for 508 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Florida, Georgia, and 19 other states.

Tower Equities provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tower Equities: assets under management

The assets under management (AUM) of Tower Equities, Inc. is $38.51 million. The firm's AUM has grown by 0% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $38.3 million in discretionary accounts and $213 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.29 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $742.16.

Fees & Commissions

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

Careers at Tower Equities, Inc.

Kenneth Robert Wiseman has been acting as President since 1 Apr 1984. James Martin Avon Kierstead joined the executive team most recently as the Financial & Operation Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kenneth Robert Wiseman	Treasurer/director	1 Apr 1984	Other	1345001
Judith D Bon	Trustee of judith d bon revocable living trust	1 Dec 1992	Other	xxx-xx-xxxx
Heath A Lehman	Vice president/director	1 Jan 1997	Other	2395182
Sara Ann Merrick	Secretary/v-pres/director	1 Jan 1998	Other	2672417
Gregory Lunar Merrick	President/director	1 Jan 1998	Other	2933448
Clay Asset Management Company	Stock holder	1 Jun 1999	Other	36-3999518
The Ralph Demange Asset Management Company	Stock holder	1 Aug 1999	Other	31-6540186
Cadre Asset Management Company	Stock holder	1 Aug 1999	Other	31-1576828
Judith D Bon Revocable Living Trust	Stockholder	1 Aug 1999	Other	xxx-xx-xxxx
Tower Investment Services	Corporate holding company	1 Oct 1999	75% - 100%	31-1646321
The Demange Asset Management Co	Stock holder	1 Nov 1999	Other	36-3999519
Steve James Persons	Vice president	1 Jul 2000	Other	2540455
James Martin Avon Kierstead	Vice president	1 Jul 2000	Other	1431580
Gregory Lunar Merrick	President/director	1 Oct 2000	Other	2933448
James Martin Avon Kierstead	Financial & operation principal	1 Feb 2002	Other	1431580

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sara Ann Merrick	Trustee of s & p business trust	1 Jul 1998	50% - 75%	2672417
S & P Business Trust	Business trust	1 Jul 1998	50% - 75%	31-6621534
S & P Business Trust	Business trust	1 Sep 1999	50% - 75%	31-6621534

Based in Dayton

The principal office where Tower Equities, Inc. performs its advisory services is located at 8141 N Main St, Dayton, OH 45415 1747, 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 937-890-1988 or by fax 937-890-7850. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at towerequities.com.