T2 Asset Management provides financial planning and portfolio management for individuals and small businesses. Financial planning was provided to 26–50 clients last fiscal year.
T2 Asset Management reports 560 clients. They include 550 individual clients and 10 high-net-worth individuals. Of its assets, 100.0% ($180M across 850 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 98% | 78% |
| High-net-worth individuals | 2% | 22% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 550 | $140M | 77.8% | $255K |
| High-net-worth individuals | 10 | $40M | 22.2% | $4M |
| Total | 560 | $180M | 100% | $321K |
- Clients
- 550
- Regulatory AUM
- $140M
- AUM share
- 77.8%
- Avg. per client
- $255K
- Clients
- 10
- Regulatory AUM
- $40M
- AUM share
- 22.2%
- Avg. per client
- $4M
Total
- Clients
- 560
- Regulatory AUM
- $180M
- AUM share
- 100%
- Avg. per client
- $321K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
T2 Asset Management is paid through a percentage of assets under management, hourly charges, fixed fees (other than subscription fees) and commissions. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning
- A financial plan prepared alone may carry a fixed fee of up to $2,000, which the firm may waive or reduce at its sole discretion.
- Hourly Review of Assets Held Away
- Reviews of accounts held away from the firm are billed hourly at $100 to $200 per hour, negotiable depending on the complexity of the accounts.
Kenneth Tomko owns 75% or more of T2 Asset Management. The leadership team of T2 Asset Management includes Chief Compliance Officer Kenneth Tomko. It has 8 employees.
Leadership
Kenneth TomkoPrincipal and Chief Compliance Officer.
Paul NovakMember
Investment adviser representatives
9 representatives listed in the SEC register as of 9 October 2026.
Staff
- 8 employees
- 8 in advisory functions
- 8 state-registered reps
- 1 broker-dealer rep
- 4 insurance agents
- Owns 75% or more of T2 Asset Management, LLC
Kenneth Tomko
Control person · since June 2013
- Owns 5% to 10% of T2 Asset Management, LLC
Paul Novak
since March 2019
T2 Asset Management’s regulatory assets grew from $137M (February 2021) to $180M (March 2026); clients were 560 in both filings and employees fell from 10 to 8.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $180M | 560 | 8 | 2 |
| March 2025 | $165M | 685 | 8 | 2 |
| April 2024 | $140M | 573 | 8 | 3 |
| March 2023 | $118M | 560 | 9 | 3 |
| March 2022 | $162M | 750 | 9 | 3 |
| February 2021 | $137M | 536 | 10 | 3 |
Besides its headquarters, T2 Asset Management has 1 office (1 private residence, listed without an address), with 1 listed address in Illinois.
Illinois · 1 listed address
- 1952 McDowell RD, Suite 101, NapervilleHQ
Contact and registration details
- Legal name
- T2 Asset Management, LLC
- Headquarters
- 1952 McDowell RD, Suite 101, Naperville, IL 60563
- Website
- t2assetmgmt.com
- Phone
- 888-354-8499
- @t2-asset-management-llc
- SEC file
- 801-112202
- Structure
- Illinois LLC
- Fiscal year end
- December
T2 Asset Management uses Charles Schwab ($180M) as custodian for its separately managed accounts. T2 Asset Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $180M100%
At year end, T2 Asset Management’s separately managed accounts were mostly in funds (90%).
What the accounts hold
- Stocks5%
- Funds90%
- Bonds4%
- U.S. government and agency bonds3%
- Investment grade corporate bonds1%
- Cash1%
How many clients does T2 Asset Management have?
T2 Asset Management has 560 clients and manages $180 million for them, as of March 2026. They include 550 individual clients and 10 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 2 March 2026
What services does T2 Asset Management offer?
T2 Asset Management provides financial planning and portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does T2 Asset Management use?
T2 Asset Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $180M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 2 March 2026
How many financial advisors does T2 Asset Management have?
T2 Asset Management has 8 investment adviser representatives registered with state securities authorities, out of 8 employees, and 8 perform investment advisory functions. 1 employee is a registered representative of a broker-dealer and 4 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does T2 Asset Management invest in?
At the end of its last fiscal year, T2 Asset Management’s separately managed accounts held 90% registered funds (mutual funds, ETFs, BDCs), 5% exchange-traded equities, 3% U.S. government and agency bonds, 1% investment grade corporate bonds and 1% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns T2 Asset Management?
T2 Asset Management’s direct owners are Kenneth Tomko (75% or more) and Paul Novak (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 2 March 2026
How does T2 Asset Management get paid?
T2 Asset Management is paid through a percentage of assets under management, hourly charges, fixed fees and commissions. Its Form ADV lists no performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact T2 Asset Management?
T2 Asset Management’s main office is at 1952 McDowell RD, Suite 101, Naperville, IL 60563. Its phone number is 888-354-8499. Its website is t2assetmgmt.com.