Toews provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and educational seminars.
Toews reports 129 clients. They include 113 individual clients, 8 investment companies and 4 high-net-worth individuals. Of its assets, 100.0% ($1.04B across 129 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $2.75M. It advised 11 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 88% | 1% |
| High-net-worth individuals | 3% | <1% |
| Investment companies | 6% | 98% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | 2% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 113 | $13.9M | 1.3% | $123K |
| High-net-worth individuals | Fewer than 5 | $3.44M | 0.3% | $859K |
| Investment companies | 8 | $1.02B | 98.3% | $127M |
| Charitable organizations | Fewer than 5 | $15.4K | 0.0% | $15.4K |
| Corporations and other businesses | Fewer than 5 | $472K | 0.0% | $157K |
| Total | 129 | $1.04B | 100% | — |
- Clients
- 113
- Regulatory AUM
- $13.9M
- AUM share
- 1.3%
- Avg. per client
- $123K
- Clients
- Fewer than 5
- Regulatory AUM
- $3.44M
- AUM share
- 0.3%
- Avg. per client
- $859K
- Clients
- 8
- Regulatory AUM
- $1.02B
- AUM share
- 98.3%
- Avg. per client
- $127M
- Clients
- Fewer than 5
- Regulatory AUM
- $15.4K
- AUM share
- 0.0%
- Avg. per client
- $15.4K
- Clients
- Fewer than 5
- Regulatory AUM
- $472K
- AUM share
- 0.0%
- Avg. per client
- $157K
Total
- Clients
- 129
- Regulatory AUM
- $1.04B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 11
- Private funds advised
- 0
Toews is paid through a percentage of assets under management; its fees and minimums are set out in its brochures on the SEC website.
Phillip Toews owns 75% or more of Toews. The leadership team of Toews includes President Eben Burr, Chief Operating Officer Jason Graffius and Chief Compliance Officer Yu Jin Kim. It has 20 employees, 16 of them in advisory roles.
Leadership
- Eben BurrPresident
- Jason GraffiusChief Operating and Financial Officer
- Yu Jin KimChief Compliance Officer
- Phillip ToewsCEO, Sole Shareholder and Sole Director
Investment adviser representatives
15 representatives listed in the SEC register as of 9 October 2026.
- Sandy L Alkins
- Eben Timothy Burr
- Charles Joseph Collins
- Christopher Michael Collins
- Eric Esposito
- Jacob Arthur Gayle
- Joshua Spielman Glazer
- Landon Gould
- Jason Andrew Graffius
- Donald Blake Jordan
- Cory James Kendall
- Yu Jin Kim
- Randall Dean Schroeder
- John Waldron Sullivan
- Phillip Ray Toews
Staff
- 20 employees
- 16 in advisory functions
- 15 state-registered reps
- 8 broker-dealer reps
- Owns 75% or more of Toews Corporation
Phillip Toews
Control person · since October 1994
Toews’ regulatory assets fell from $2.19B (July 2021) to $1.04B (March 2026); clients fell from 313 to 129 and employees were 20 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $1.04B | 129 | 20 | 2 |
| Mar 2025March 2025 | $945M | 154 | 22 | 2 |
| Mar 2024March 2024 | $999M | 179 | 24 | 2 |
| May 2023May 2023 | $1.14B | 246 | 22 | 2 |
| Jun 2022June 2022 | $1.26B | 278 | 21 | 2 |
| Jul 2021July 2021 | $2.19B | 313 | 21 | 9 |
Besides its headquarters, Toews has 1 office, with 2 listed addresses across 2 states.
New Jersey · 1 listed address
- 1750 Zion Road, Suite 201, NorthfieldHQ
New York · 1 listed address
- 900 Broadway, New York
Other business names
Toews has reported 1 other business name to the SEC.
- Behavioral Investing Institute
Contact and registration details
- Legal name
- Toews Corporation
- Headquarters
- 1750 Zion Road, Suite 201, Northfield, NJ 08225-1844
- Website
- toewscorp.com
- Phone
- 877-863-9726
- SEC file
- 801-47765
- Structure
- Delaware corporation
- Fiscal year end
- December
Toews’ named custodians for separately managed accounts are Charles Schwab ($12.7M, 92%) and Prudential Annuities Distributors ($1.17M, 8%). Toews has custody of $4.42M for 40 clients.
- Charles SchwabCharles Schwab & Co., Inc. · West Lake, TX · $12.7M92%
- Prudential Annuities DistributorsPrudential Annuities Distributors, Inc · Shelton, CT · $1.17M8%
At year end, Toews’ separately managed accounts were mostly in funds (59%) and stocks (34%).
What the accounts hold
- Stocks34%
- Funds59%
- Cash2%
- Other5%
- Toews provide model allocations for sub-accounts of variable annuities.5%
How many clients does Toews have?
Toews has 129 clients and manages $1.04 billion for them, as of March 2026. They include 113 individual clients, 8 investment companies and 4 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does Toews offer?
Toews provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for institutions, and educational seminars.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Toews use?
Toews’ separately managed account assets are held at Charles Schwab & Co., Inc. (West Lake, TX), with $12.7M and Prudential Annuities Distributors, Inc (Shelton, CT), with $1.17M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does Toews have?
Toews has 15 investment adviser representatives registered with state securities authorities, out of 20 employees, and 16 perform investment advisory functions. 8 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 Toews invest in?
At the end of its last fiscal year, Toews’ separately managed accounts held 59% registered funds (mutual funds, ETFs, BDCs), 34% exchange-traded equities, 5% other and 2% cash and equivalents. The 5% other category is described as: Toews Provide Model Allocations for Sub-Accounts of 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 Toews?
Toews’ direct owner is Phillip Toews (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does Toews get paid?
Toews is paid through a percentage of assets under management. 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 Toews?
Toews’ main office is at 1750 Zion Road, Suite 201, Northfield, NJ 08225-1844. Its phone number is 877-863-9726. Its website is toewscorp.com.