{"url":"https://nivawealth.com/firms/tilden-loucks-and-woodnorth-106713","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106713","regulatoryAum":173286119,"crd":"106713","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4335897","suffix":null,"lastName":"INCERTO","firstName":"VINCENT","middleName":"EDWARD"},{"crd":"1788458","suffix":null,"lastName":"SCHLESSER","firstName":"DANIEL","middleName":"JOHN"}],"total":2,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-05-19","regulatoryAum":152474081,"clients":64,"employees":2,"offices":3},{"filedOn":"2022-03-30","regulatoryAum":181587748,"clients":64,"employees":2,"offices":3},{"filedOn":"2023-03-29","regulatoryAum":138159627,"clients":56,"employees":2,"offices":3},{"filedOn":"2024-07-30","regulatoryAum":149850813,"clients":51,"employees":2,"offices":3},{"filedOn":"2025-03-28","regulatoryAum":161734063,"clients":49,"employees":2,"offices":3},{"filedOn":"2026-03-30","regulatoryAum":173286119,"clients":47,"employees":4,"offices":3}],"secFileNumber":"801-47188","legalName":"Tilden Loucks & Woodnorth LLC","displayName":"Tilden Loucks & Woodnorth","slug":"tilden-loucks-and-woodnorth-106713","website":null,"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/91907/","founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"940 N Industrial DR","city":"Elmhurst","state":"IL","stateName":"Illinois","country":"United States","postalCode":"60126"},"tradeNames":[],"registration":{"secApproved":"15 August 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Services","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1031284","versionId":1031284,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-30","documentName":"TLW ADV FOR PART 2A 07-12-18","fee_rate_low":1,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":200000,"feeMinimumPeriod":null,"fee_minimum_annual":null}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T11:52:50.733113+00:00","documents":[{"name":"TLW ADV FOR PART 2A 07-12-18","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1031284","versionId":1031284,"submittedOn":"2026-03-30"}]},"custodians":[{"name":"National Financial Services LLC","shortName":"Fidelity","location":"Boston, MA","smaAssets":173286119}],"custodyNote":"Tilden Loucks & Woodnorth has custody of $173M in client assets for 47 clients.","otherCustodians":[],"leadership":[{"name":"Vincent Incerto","title":"Chief Compliance Officer","crd":"4335897"},{"name":"Michael Drozd","title":"Chief Investment Officer","crd":"6015178"},{"name":"Daniel Schlesser","title":"C.F.O./Treasurer","crd":"1788458"}],"ownership":[{"label":"Lasalle St. Holdings, LLC (\"LSH\") Formerly Known As McDermott Holdings 1, LP.","detail":"Sole owner/manager in the 75% or more ownership band and a control person, since April 1999."},{"label":"Daniel Schlesser","detail":"C.f.o./treasurer in the 50% to 75% ownership band and a control person, since November 1990."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":0},"listedOfficeAddresses":3,"foreignOffices":[],"officesByState":[{"state":"Illinois","offices":3,"addresses":[{"street":"940 N Industrial DR","city":"Elmhurst","headquarters":true},{"street":"940 N Industrial DR","city":"Elmhurst"},{"street":"707 Lake Cook Road","city":"Deerfield"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"312-475-1400","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses"],"financialPlanningClients":"0","assetMix":[{"label":"Exchange-traded equity securities","percent":70},{"label":"U.S. government/agency bonds","percent":5},{"label":"Investment grade corporate bonds","percent":10},{"label":"Securities issued by registered investment companies or business development companies","percent":10},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":0},"sources":{"adv1FilingDate":"30 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106713/PDF/106713.pdf","brochureDate":"30 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1031284","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Tilden Loucks & Woodnorth have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Tilden Loucks & Woodnorth offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Tilden Loucks & Woodnorth charge?","answer":"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.","source":"TLW ADV FOR PART 2A 07-12-18, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Tilden Loucks & Woodnorth use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Tilden Loucks & Woodnorth have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Tilden Loucks & Woodnorth invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does Tilden Loucks & Woodnorth have a minimum investment?","answer":"Yes, Tilden Loucks & Woodnorth’s minimum account size for its Investment Supervisory Services is $200K.","source":"TLW ADV FOR PART 2A 07-12-18, filed 30 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns Tilden Loucks & Woodnorth?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Tilden Loucks & Woodnorth get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Tilden Loucks & Woodnorth?","answer":"Tilden Loucks & Woodnorth’s main office is at 940 N Industrial DR, Elmhurst, IL 60126. Its phone number is 312-475-1400.","source":"Form ADV Part 1A, Item 1.F, filed 30 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}