TLWM provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year.
TLWM reports 1,262 clients. They include 933 individual clients, 316 high-net-worth individuals, and 8 corporations and other businesses. Of its assets, 100.0% ($605M across 2,173 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $31.5M. It advised 62 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 74% | 37% |
| High-net-worth individuals | 25% | 59% |
| Pension and profit-sharing plans | <1% | <1% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | 3% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 933 | $227M | 37.4% | $243K |
| High-net-worth individuals | 316 | $355M | 58.7% | $1.12M |
| Pension and profit-sharing plans | Fewer than 5 | $1.01M | 0.2% | $1.01M |
| Charitable organizations | 4 | $1.16M | 0.2% | $291K |
| Corporations and other businesses | 8 | $21.1M | 3.5% | $2.64M |
| Total | 1,262 | $605M | 100% | — |
- Clients
- 933
- Regulatory AUM
- $227M
- AUM share
- 37.4%
- Avg. per client
- $243K
- Clients
- 316
- Regulatory AUM
- $355M
- AUM share
- 58.7%
- Avg. per client
- $1.12M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.01M
- AUM share
- 0.2%
- Avg. per client
- $1.01M
- Clients
- 4
- Regulatory AUM
- $1.16M
- AUM share
- 0.2%
- Avg. per client
- $291K
- Clients
- 8
- Regulatory AUM
- $21.1M
- AUM share
- 3.5%
- Avg. per client
- $2.64M
Total
- Clients
- 1,262
- Regulatory AUM
- $605M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 62
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
TLWM is paid through a percentage of assets under management, hourly charges, subscription fees and fixed fees (other than subscription fees). 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 & Consulting
- Hourly fees are $600 and flat fees generally range up to $10,000; a subscription planning service is billed monthly in advance at no more than $100 a month.
- LPL Financial Sponsored Advisory Programs
- Account fees in the LPL programs (Manager Access, Model Wealth, Optimum Markets, Personal Wealth) are up to 2.50% a year, negotiable and charged quarterly in advance.
TLHC, LLC owns 75% or more of TLWM and is in turn owned by The Enzo Thomas Pellegrino, JR. Living Trust DTD 1-22-25 (75% or more). The leadership team of TLWM includes Chief Compliance Officer Enzo Pellegrino. It has 11 employees, 9 of them in advisory roles.
Leadership
- Enzo PellegrinoChief Compliance Officer
Investment adviser representatives
10 representatives listed in the SEC register as of 9 October 2026.
Staff
- 11 employees
- 9 in advisory functions
- 10 state-registered reps
- 6 broker-dealer reps
- 5 insurance agents
- Owns 75% or more of TLWM, LLC
TLHC, LLC
Control person · since January 2014
- Owns 75% or more of TLHC, LLC
The Enzo Thomas Pellegrino, JR. Living Trust DTD 1-22-25
Control person · since January 2025
- Owns 75% or more of The Enzo Thomas Pellegrino, JR. Living Trust DTD 1-22-25
Enzo Pellegrino
Control person · since January 2025
TLWM’s regulatory assets grew 2.0× from $299M (July 2021) to $605M (March 2026); clients rose from 723 to 1,262 and employees from 8 to 11.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $605M | 1,262 | 11 | 5 |
| April 2025 | $577M | 1,208 | 11 | 4 |
| June 2024 | $485M | 1,164 | 11 | 4 |
| July 2023 | $333M | 794 | 11 | 4 |
| June 2022 | $356M | 750 | 7 | 3 |
| July 2021 | $299M | 723 | 8 | 2 |
Besides its headquarters, TLWM has 4 offices, with 5 listed addresses in Maine and Texas.
Texas · 4 listed addresses
- 40 Ne Loop 410, Suite 644, San AntonioHQ
- 3901 Arlington Highlands BLVD., Arlington
- 7021 Kewanee Ave., Lubbock
- 505 E Palm Valley BLVD., Round Rock
Maine · 1 listed address
- 309 St. Thomas Street, Madawaska
Other business names
TLWM has reported 3 other business names to the SEC.
- TDF Platinum Wealth Management
- TLWM Financial
- Texas Legacy Wealth Management
Contact and registration details
- Legal name
- TLWM, LLC
- Headquarters
- 40 Ne Loop 410, Suite 644, San Antonio, TX 78216
- Website
- tlwmfinancial.com
- Phone
- 18773488822
- SEC file
- 801-79214
- Structure
- Texas LLC
- Fiscal year end
- December
TLWM uses LPL Financial ($577M) as custodian for its separately managed accounts. TLWM has custody of $186M in client assets for 558 clients.
- LPL FinancialLPL Financial LLC · Boston, MA · $577M100%
At year end, TLWM’s separately managed accounts were mostly in funds (80%) and stocks (11%). Its reported 13F holdings for the quarter ended 30 June 2026 total $615M across 73 positions; the largest are State Str SPDR S&P 500 ETF T (20.8%), iShares TR (20.3%) and iShares TR (11.7%).
What the accounts hold
- Stocks11%
- Funds80%
- Bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash3%
- Other4%
- Fee based variable annuities.4%
Reported 13F holdings
- $615M
- Reported 13F value
- 73
- Positions
- 86.2%
- In the 10 largest
- +10.8%
- Value vs. prior quarter
- State Str SPDR S&P 500 ETF T · TR Unit20.8%
- iShares TR · Russell 3000 ETF20.3%
- iShares TR · MSCI Acwi EX US11.7%
- SPDR Series Trust · ST Str P500grw7.5%
- Invesco Exch Trd Slf Idx FD · Bulshs 2026 CB5.5%
- Invesco Exch Trd Slf Idx FD · Invsco Blsh 285.5%
- Invesco Exch Trd Slf Idx FD · Invsco 30 Corp.5.0%
- Invesco Exch Trd Slf Idx FD · Buletshs 20294.8%
- Invesco Exch Trd Slf Idx FD · Bulshs 2027 CB4.3%
- Nvidia Corporation0.8%
Together, the ten largest are 86.2% of reported value.
How many clients does TLWM have?
TLWM has 1,262 clients and manages $605 million for them, as of March 2026. They include 933 individual clients, 316 high-net-worth individuals, and 8 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does TLWM offer?
TLWM provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does TLWM use?
TLWM’s separately managed account assets are held at LPL Financial LLC (Boston, MA), with $577M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 March 2026
How many financial advisors does TLWM have?
TLWM has 10 investment adviser representatives registered with state securities authorities, out of 11 employees, and 9 perform investment advisory functions. 6 employees are registered representatives of a broker-dealer and 5 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 TLWM invest in?
At the end of its last fiscal year, TLWM’s separately managed accounts held 80% registered funds (mutual funds, ETFs, BDCs), 11% exchange-traded equities, 4% other, 3% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds. The 4% other category is described as: Fee Based Variable Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns TLWM?
TLWM is owned through a chain of holding companies by Enzo Pellegrino. Its direct owner is TLHC, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does TLWM get paid?
TLWM is paid through a percentage of assets under management, hourly charges, subscription fees 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
Is TLWM registered with the SEC?
Yes, TLWM has been registered with the SEC as an investment adviser since 28 February 2014. Its CRD number is 158305 and its SEC file number is 801-79214.
Source: Form ADV Part 1A, Item 1, filed 24 March 2026; IAPD firm record
How do I contact TLWM?
TLWM’s main office is at 40 Ne Loop 410, Suite 644, San Antonio, TX 78216. Its phone number is 18773488822. Its website is tlwmfinancial.com.