Towle & Co

Towle & Co. is an independently owned asset manager established in 1981 and registered with the U.S. Securities and Exchange Commission. The firm specializes in managing public equity portfolios for private and institutional investors on a fully discretionary basis. Towle's flagship strategy is the small-cap value strategy, focusing on undervalued companies to unlock long-term appreciation opportunities. Clients can access this strategy through separately managed accounts, wrap fee programs, model delivery programs, pooled investment vehicles, and registered funds. The minimum initial investment for a separately managed account is $3,000,000, which may be waived at Towle's discretion. Towle charges management fees based on a tiered schedule depending on the account size. The firm is a fiduciary, acting in the best interests of clients, and does not receive compensation for selling securities or investment products. Towle has no disciplinary events to report and provides detailed information on its investment strategies, risk factors, and cybersecurity measures. The firm has implemented a Code of Ethics to ensure ethical standards and prohibits employees from using their roles to solicit clients for Towle's products. Towle also discloses its brokerage practices, including trade aggregation, soft dollar arrangements, and proxy voting policies. Clients receive regular account reviews, performance reports, and proxy voting services. Towle maintains custody of client funds with an independent custodian and has no financial conditions that impair its ability to meet its commitments. The firm does not require prepayment of fees exceeding $1,200 per client six months in advance.