Townsend Asset Management Corp.

Townsend Asset Management Corp., established in 1982 by Gerald and Katrina Townsend, is an independent investment advisor registered with the SEC. Their services include investment management, financial planning, tax preparation, consulting, and wealth management. The firm's investment process involves goal setting, asset review, economic considerations, investment policy, asset allocation, security selection, and ongoing management. They offer discretionary management, allowing them to make investment decisions without specific client consent. The firm manages over $445 million in assets, with fees ranging from 0.25% to 1.35% annually based on the portfolio value. Clients receive regular reports and can impose restrictions on investments. Townsend does not charge performance-based fees and serves a range of clients, including individuals, high net worth individuals, trusts, and corporations, without a minimum account size requirement. The firm uses fundamental and technical analysis, asset allocation, diversification, and long-term investment strategies. Clients are informed of potential risks associated with investing. Townsend does not receive commissions or compensation from third parties, ensuring a fiduciary duty to clients. The firm does not participate in wrap fee programs and maintains a Code of Ethics to uphold integrity and client interests. Clients receive regular account reviews and reports, and Townsend votes on client securities if authorized. The firm does not have custody of client assets but ensures clients receive statements directly from the custodian.