Talon provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Talon reports 1,921 clients. They include 1,823 individual clients and 98 high-net-worth individuals. Of its assets, 75.1% ($796M across 7,916 accounts) are managed with discretion; $264M across 3,273 accounts are not. It advised 93 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 95% | 82% |
| High-net-worth individuals | 5% | 18% |
| Corporations and other businesses | Fewer than 5 | <1% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,823 | $866M | 81.7% | $475K |
| High-net-worth individuals | 98 | $190M | 17.9% | $1.93M |
| Corporations and other businesses | Fewer than 5 | $4.81M | 0.5% | — |
| Total | 1,921 | $1.06B | 100% | — |
- Clients
- 1,823
- Regulatory AUM
- $866M
- AUM share
- 81.7%
- Avg. per client
- $475K
- Clients
- 98
- Regulatory AUM
- $190M
- AUM share
- 17.9%
- Avg. per client
- $1.93M
- Clients
- Fewer than 5
- Regulatory AUM
- $4.81M
- AUM share
- 0.5%
- Avg. per client
- —
Total
- Clients
- 1,921
- Regulatory AUM
- $1.06B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 93
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Talon charges up to 2.00% a year for its Portfolio Management. The fee is billed in arrears, is negotiable and requires an account of at least $25,000. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning and consulting
- Financial planning and consulting is billed at $250 an hour, or as a fixed fee with a $1,500 minimum; the fee is negotiable.
Robert Lester owns 75% or more of Talon. The leadership team of Talon includes Chief Compliance Officer Robert Lester. It has 22 employees, 8 of them in advisory roles.
Staff
- 22 employees
- 8 in advisory functions
- 8 state-registered reps
- 7 insurance agents
- Owns 75% or more of Talon LLC
Robert Lester
Control person · since February 2019
Talon’s regulatory assets grew 6.4× from $165M (June 2021) to $1.06B (September 2026); clients rose from 586 to 1,921 and employees from 8 to 22.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Sep 2026September 2026 | $1.06B | 1,921 | 22 | 14 |
| Jul 2025July 2025 | $877M | 2,011 | 22 | 14 |
| May 2024May 2024 | $843M | 1,981 | 22 | 15 |
| Jun 2023June 2023 | $826M | 1,971 | 22 | 15 |
| Apr 2022April 2022 | $774M | 3,802 | 18 | 14 |
| Jun 2021June 2021 | $165M | 586 | 8 | 5 |
Besides its headquarters, Talon has 13 offices, with 14 listed addresses across 6 states.
Florida · 7 listed addresses
- 109 Nature Walk Pkwy #102, Saint Augustine
- 602 S Maine St, Gainesville
- 360 Central Ave St., St. Petersburg
- 100 Ashley Drive S., Tampa
- 781 Ciara Creek Cove, Longwood
- 11974 CR 101, Suite 103, The Villages
- 50 Leanni Way, Palm Coast
California · 3 listed addresses
- 915 Highland Pointe DR., Roseville
- 9245 Laguna Springs DR, Elk Grove
- 620 Coolidge DR., Suite 220, Folsom
Michigan · 1 listed address
- 250 Monroe Ave NW, Grand Rapids
Nebraska · 1 listed address
- 3526 N 163rd Plaza, Omaha
Oklahoma · 1 listed address
- 8913 S. Yale Ave, Tulsa
Puerto Rico · 1 listed address
- 151 Calle De San Francisco, Suite 200, San JuanHQ
Other business names
Talon has reported 4 other business names to the SEC.
- Blue Collar Dollar
- Talon Private Wealth
- Talon Wealth
- Talon Wealth Management
Contact and registration details
- Legal name
- Talon LLC
- Headquarters
- 151 Calle De San Francisco, Suite 200, San Juan, PR 00901
- Website
- talonwm.com
- Phone
- 352-751-3200
- @talon-wealth-man
- SEC file
- 801-114857
- Structure
- Puerto Rico LLC
- Fiscal year end
- December
Talon’s named custodians for separately managed accounts include Fidelity ($712M, 67%), Charles Schwab ($306M, 29%) and Altruist ($40.1M, 4%). Talon does not have custody of client assets.
- FidelityFidelity Distributors Company LLC · Smithfield, RI · $712M67%
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $306M29%
- AltruistAltruist Financial LLC · Culver City, CA · $40.1M4%
- NationwideNationwide · Columbus, OH · $2.22M0%
At year end, Talon’s separately managed accounts were mostly in funds (66%) and stocks (13%).
What the accounts hold
- Stocks13%
- Funds66%
- Bonds13%
- Cash7%
Filed values cover 99%. The neutral 1% gap has no reported category.
How many clients does Talon have?
Talon has 1,921 clients and manages $1.06 billion for them, as of September 2026. They include 1,823 individual clients and 98 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 September 2026
What services does Talon offer?
Talon provides financial planning, portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Talon charge?
Talon charges up to 2.00% a year for its Portfolio Management. The fee is billed in arrears, is negotiable and requires an account of at least $25,000.
Source: TALON - FORM ADV PART 2A BROCHURE, filed 21 May 2026
Which custodians does Talon use?
Talon’s separately managed account assets are held at Fidelity Distributors Company LLC (Smithfield, RI), with $712M, Charles Schwab & Co., Inc. (San Francisco, CA), with $306M, Altruist Financial LLC (Culver City, CA), with $40.1M and Nationwide (Columbus, OH), with $2.22M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 30 September 2026
How many financial advisors does Talon have?
Talon has 8 investment adviser representatives registered with state securities authorities, out of 22 employees, and 8 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 7 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 Talon invest in?
At the end of its last fiscal year, Talon’s separately managed accounts held 66% registered funds (mutual funds, ETFs, BDCs), 13% exchange-traded equities, 13% high-yield corporate bonds and 7% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Talon have a minimum investment?
Yes, Talon’s minimum account size for its Portfolio Management is $25K.
Source: TALON - FORM ADV PART 2A BROCHURE, filed 21 May 2026
Who owns Talon?
Talon’s direct owner is Robert Lester (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 September 2026
How does Talon get paid?
Talon is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or 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 Talon?
Talon’s main office is at 151 Calle De San Francisco, Suite 200, San Juan, PR 00901. Its phone number is 352-751-3200. Its website is talonwm.com.