Clients
TCW Asset Management serves 200 clients, 84 of them pooled investment vehicles. The average client has about $406 million with the firm, and high-net-worth clients hold 1% of its $81.2 billion in assets.
- Business development companies5 clients4%
- Pooled investment vehicles84 clients37%
- Pension and profit-sharing plans22 clients8%
- State or municipal government entities17 clients11%
- Insurance companies13 clients10%
- OtherSovereign wealth funds and foreign official institutions, High-net-worth individuals, Banking or thrift institutions, Charitable organizations, Corporations and other businesses30%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 19 | $637,446,213 | 0.8% | $33.5M |
| Banking or thrift institutions | 1 | $434,266,183 | 0.5% | $434.3M |
| Business development companies | 5 | $3,194,405,549 | 3.9% | $638.9M |
| Pooled investment vehicles | 84 | $30,108,893,228 | 37.1% | $358.4M |
| Pension and profit-sharing plans | 22 | $6,360,561,601 | 7.8% | $289.1M |
| Charitable organizations | 5 | $327,919,424 | 0.4% | $65.6M |
| State or municipal government entities | 17 | $9,326,721,064 | 11.5% | $548.6M |
| Insurance companies | 13 | $8,049,788,138 | 9.9% | $619.2M |
| Sovereign wealth funds and foreign official institutions | 22 | $21,551,072,447 | 26.5% | $979.6M |
| Corporations and other businesses | 12 | $1,184,166,139 | 1.5% | $98.7M |
| Total | 200 | $81,175,239,986 | 100% | $405.9M |
- Clients
- 19
- Regulatory AUM
- $637,446,213
- Share
- 0.8%
- Avg. per client
- $33.5M
- Clients
- 1
- Regulatory AUM
- $434,266,183
- Share
- 0.5%
- Avg. per client
- $434.3M
- Clients
- 5
- Regulatory AUM
- $3,194,405,549
- Share
- 3.9%
- Avg. per client
- $638.9M
- Clients
- 84
- Regulatory AUM
- $30,108,893,228
- Share
- 37.1%
- Avg. per client
- $358.4M
- Clients
- 22
- Regulatory AUM
- $6,360,561,601
- Share
- 7.8%
- Avg. per client
- $289.1M
- Clients
- 5
- Regulatory AUM
- $327,919,424
- Share
- 0.4%
- Avg. per client
- $65.6M
- Clients
- 17
- Regulatory AUM
- $9,326,721,064
- Share
- 11.5%
- Avg. per client
- $548.6M
- Clients
- 13
- Regulatory AUM
- $8,049,788,138
- Share
- 9.9%
- Avg. per client
- $619.2M
- Clients
- 22
- Regulatory AUM
- $21,551,072,447
- Share
- 26.5%
- Avg. per client
- $979.6M
- Clients
- 12
- Regulatory AUM
- $1,184,166,139
- Share
- 1.5%
- Avg. per client
- $98.7M
Total
- Clients
- 200
- Regulatory AUM
- $81,175,239,986
- Share
- 100%
- Avg. per client
- $405.9M
What it does
TCW Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets, fixed fees and performance-based fees.
TCW Asset Management advises 39 private funds.
99.9% of assets ($81.10B across 214 accounts) are managed with discretion; $71.6M across 4 accounts are not. 44% of clients are outside the U.S., and 2 clients received advice without assets under management last fiscal year.
What the accounts hold
The filed percentages total 102%. The values below are shown as filed.
- Exchange-traded equity securities
- 6%
- U.S. government/agency bonds
- 10%
- Sovereign bonds
- 13%
- Investment grade corporate bonds
- 33%
- Non-investment grade corporate bonds
- 3%
- Securities issued by registered investment companies or business development companies
- 5%
- Cash and cash equivalents
- 2%
- Other (Abs, Equity, MBS, Or Muni Trades.)
- 30%
Custodians
TCW Asset Management’s client accounts are held mainly at State Street Bank and Trust, with 21% of managed assets, and J.P. Morgan, with 20%. TCW Asset Management has custody of $2.71B for 9 clients.
- The Bank of New York MellonThe Bank of New York Mellon · New York, NY · $12.72B16%
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $16.99B21%
- J.P. MorganJpmorgan Chase & Co · Columbus, OH · $16.21B20%
- All other custodians$35.26B43%
Ownership and leadership
The TCW Group, Inc. owns 75% or more of TCW Asset Management, and Kathryn Koch is its CEO.
- Owns 75% or more of TCW Asset Management Company LLC
The TCW Group, Inc.
Control person · since May 1970
- Owns 75% or more of The TCW Group, Inc.
Clipper Acquisitions Corp.
Control person · since February 2013
- Owns 75% or more of Clipper Acquisitions Corp.
Clipper Intermediate Corp.
Control person · since July 2012
- Owns 75% or more of Clipper Intermediate Corp.
Clipper Holding, L.P.
Control person · since July 2012
- Owns 50% to 75% of Clipper Holding, L.P.
Nippon Life Americas, Inc.
Control person · since December 2017
- Owns 75% or more of Nippon Life Americas, Inc.
Nippon Life Insurance Company
Control person · since April 2013
Clipper GP, L.L.C.
General partner · Control person · since July 2012
Leadership
- Kathryn KochPresident and Chief Executive Officer
- Andrew BowdenBoard Member, Executive Vice President, General Counsel and Secretary
- Jessica KungExecutive Vice President, and Chief Human Resources Officer
- Melissa StolfiExecutive Vice President and Global Chief Operating Officer
- Richard VillaBoard Member, Executive Vice President, Chief Financial Officer
- Kathryn JonesGlobal Chief Compliance Officer
- Marc SternChairman
Staff
- 431 employees
- 145 in advisory functions
- 20 state-registered reps
- 87 broker-dealer reps
- 1 soliciting firm
Fees
TCW Asset Management is paid through a percentage of assets under management, fixed fees (other than subscription fees) and performance-based fees.
TCW Asset Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, TCW Asset Management has 8 offices (3 private residences, listed without an address), with 5 listed addresses across 4 states.
California · 2 listed addresses
- 515 South Flower Street, Los AngelesHQ
- 301 Hartz Avenue, Danville
Illinois · 1 listed address
- 500 W. Madison Street,, Chicago
Massachusetts · 1 listed address
- The John Hancock Tower, Boston
New York · 1 listed address
- 1251 Avenue of the Americas, New York
Registration details
- Legal name
- TCW Asset Management Company LLC
- Headquarters
- 515 South Flower Street, Los Angeles, CA 90071
- Phone
- 213-244-0000
- Website
- Not reported
- SEC file
- 801-6642
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does TCW Asset Management have?
TCW Asset Management has 200 clients and manages $81.2 billion for them, as of May 2026. They include 84 pooled investment vehicles, 22 pension and profit-sharing plans and 22 sovereign wealth funds and foreign official institutions.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 May 2026
What services does TCW Asset Management offer?
TCW Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does TCW Asset Management use?
TCW Asset Management’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $16,988,233,731, Jpmorgan Chase & Co (Columbus, OH), with $16,209,069,771 and The Bank of New York Mellon (New York, NY), with $12,717,872,577. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 May 2026
How many financial advisors does TCW Asset Management have?
TCW Asset Management has 20 investment adviser representatives registered with state securities authorities, out of 431 employees, and 145 perform investment advisory functions. 87 are registered representatives of a broker-dealer and 0 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 TCW Asset Management invest in?
At the end of its last fiscal year, TCW Asset Management’s separately managed accounts held 33% investment grade corporate bonds, 30% abs, equity, mbs, or muni trades., 13% sovereign bonds, 10% U.S. government and agency bonds, 6% exchange-traded equities, 5% registered funds (mutual funds, ETFs, BDCs), 3% high-yield corporate bonds and 2% cash and equivalents. It advises 39 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns TCW Asset Management?
TCW Asset Management is owned through a chain of holding companies by Nippon Life Insurance Company. Its direct owner is the TCW Group, Inc. (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 5 May 2026
How does TCW Asset Management get paid?
TCW Asset Management is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file