Tilden Loucks & Woodnorth provides portfolio management for individuals and small businesses.
Tilden Loucks & Woodnorth reports 47 clients. They include 26 individual clients, 19 high-net-worth individuals and 1 charitable organization. Of its assets, 9.4% ($16.2M across 1 account) are managed with discretion; $157M across 46 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 55% | 5% |
| High-net-worth individuals | 40% | 49% |
| Charitable organizations | 2% | 37% |
| Corporations and other businesses | 2% | 9% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 26 | $8.03M | 4.6% | $309K |
| High-net-worth individuals | 19 | $85M | 49.0% | $4.47M |
| Charitable organizations | Fewer than 5 | $64.1M | 37.0% | $64.1M |
| Corporations and other businesses | Fewer than 5 | $16.2M | 9.4% | $16.2M |
| Total | 47 | $173M | 100% | — |
- Clients
- 26
- Regulatory AUM
- $8.03M
- AUM share
- 4.6%
- Avg. per client
- $309K
- Clients
- 19
- Regulatory AUM
- $85M
- AUM share
- 49.0%
- Avg. per client
- $4.47M
- Clients
- Fewer than 5
- Regulatory AUM
- $64.1M
- AUM share
- 37.0%
- Avg. per client
- $64.1M
- Clients
- Fewer than 5
- Regulatory AUM
- $16.2M
- AUM share
- 9.4%
- Avg. per client
- $16.2M
Total
- Clients
- 47
- Regulatory AUM
- $173M
- AUM share
- 100%
- Avg. per client
- —
- 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
- 0
Tilden Loucks & Woodnorth charges 1.00%–2.00% a year for its Investment Supervisory Services. The fee is billed in advance, is negotiable and requires an account of at least $200,000.
Fee details and sources
Lasalle St. Holdings, LLC ("LSH") Formerly Known As McDermott Holdings 1, LP. owns 75% or more of Tilden Loucks & Woodnorth. The leadership team of Tilden Loucks & Woodnorth includes Chief Investment Officer Michael Drozd and Chief Compliance Officer Vincent Incerto. It has 4 employees.
Leadership
Vincent IncertoChief Compliance Officer
Michael DrozdChief Investment Officer- Daniel SchlesserC.F.O./Treasurer
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
- Vincent Edward Incerto
- Daniel John Schlesser
Staff
- 4 employees
- 4 state-registered reps
- 4 broker-dealer reps
- Owns 75% or more of Tilden Loucks & Woodnorth LLC
Lasalle St. Holdings, LLC ("LSH") Formerly Known As McDermott Holdings 1, LP.
Control person · since April 1999
- Owns 50% to 75% of Tilden Loucks & Woodnorth LLC
Daniel Schlesser
Control person · since November 1990
Tilden Loucks & Woodnorth’s regulatory assets grew from $152M (May 2021) to $173M (March 2026); clients fell from 64 to 47 and employees rose from 2 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $173M | 47 | 4 | 3 |
| March 2025 | $162M | 49 | 2 | 3 |
| July 2024 | $150M | 51 | 2 | 3 |
| March 2023 | $138M | 56 | 2 | 3 |
| March 2022 | $182M | 64 | 2 | 3 |
| May 2021 | $152M | 64 | 2 | 3 |
Besides its headquarters, Tilden Loucks & Woodnorth has 2 offices, with 3 listed addresses in Illinois.
Illinois · 3 listed addresses
- 940 N Industrial DR, ElmhurstHQ
- 940 N Industrial DR, Elmhurst
- 707 Lake Cook Road, Deerfield
Contact and registration details
- Legal name
- Tilden Loucks & Woodnorth LLC
- Headquarters
- 940 N Industrial DR, Elmhurst, IL 60126
- Website
- Not reported
- Phone
- 312-475-1400
- @91907
- SEC file
- 801-47188
- Structure
- Delaware LLC
- Fiscal year end
- December
Tilden Loucks & Woodnorth uses Fidelity ($173M) as custodian for its separately managed accounts. Tilden Loucks & Woodnorth has custody of $173M in client assets for 47 clients.
- FidelityNational Financial Services LLC · Boston, MA · $173M100%
At year end, Tilden Loucks & Woodnorth’s separately managed accounts were mostly in stocks (70%) and bonds (15%).
What the accounts hold
- Stocks70%
- Funds10%
- Bonds15%
- Investment grade corporate bonds10%
- U.S. government and agency bonds5%
- Cash5%
How many clients does Tilden Loucks & Woodnorth have?
Tilden Loucks & Woodnorth has 47 clients and manages $173 million for them, as of March 2026. They include 26 individual clients, 19 high-net-worth individuals and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 March 2026
What services does Tilden Loucks & Woodnorth offer?
Tilden Loucks & Woodnorth provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Tilden Loucks & Woodnorth charge?
Tilden Loucks & Woodnorth charges 1.00%–2.00% a year for its Investment Supervisory Services. The fee is billed in advance, is negotiable and requires an account of at least $200,000.
Which custodians does Tilden Loucks & Woodnorth use?
Tilden Loucks & Woodnorth’s separately managed account assets are held at National Financial Services LLC (Boston, MA), with $173M. 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 March 2026
How many financial advisors does Tilden Loucks & Woodnorth have?
Tilden Loucks & Woodnorth has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 0 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 0 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 Tilden Loucks & Woodnorth invest in?
At the end of its last fiscal year, Tilden Loucks & Woodnorth’s separately managed accounts held 70% exchange-traded equities, 10% investment grade corporate bonds, 10% registered funds (mutual funds, ETFs, BDCs), 5% U.S. government and agency bonds and 5% 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 Tilden Loucks & Woodnorth have a minimum investment?
Yes, Tilden Loucks & Woodnorth’s minimum account size for its Investment Supervisory Services is $200K.
Who owns Tilden Loucks & Woodnorth?
Tilden Loucks & Woodnorth’s direct owners are Lasalle St. Holdings, LLC ("LSH") Formerly Known As McDermott Holdings 1, LP. (75% or more) and Daniel Schlesser (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 30 March 2026
How does Tilden Loucks & Woodnorth get paid?
Tilden Loucks & Woodnorth is paid through a percentage of assets under management 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 Tilden Loucks & Woodnorth?
Tilden Loucks & Woodnorth’s main office is at 940 N Industrial DR, Elmhurst, IL 60126. Its phone number is 312-475-1400.