{"url":"https://nivawealth.com/firms/toews-106304","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/106304","regulatoryAum":1037481484,"crd":"106304","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"2964095","suffix":null,"lastName":"ALKINS","firstName":"SANDY","middleName":"L"},{"crd":"5696634","suffix":null,"lastName":"BURR","firstName":"EBEN","middleName":"TIMOTHY"},{"crd":"4632193","suffix":null,"lastName":"COLLINS","firstName":"CHARLES","middleName":"JOSEPH"},{"crd":"6156165","suffix":null,"lastName":"COLLINS","firstName":"CHRISTOPHER","middleName":"MICHAEL"},{"crd":"7764706","suffix":null,"lastName":"Esposito","firstName":"Eric","middleName":null},{"crd":"6514303","suffix":null,"lastName":"GAYLE","firstName":"JACOB","middleName":"ARTHUR"},{"crd":"2922124","suffix":null,"lastName":"GLAZER","firstName":"JOSHUA","middleName":"SPIELMAN"},{"crd":"6754159","suffix":null,"lastName":"Gould","firstName":"Landon","middleName":null},{"crd":"4604455","suffix":null,"lastName":"GRAFFIUS","firstName":"JASON","middleName":"ANDREW"},{"crd":"7168667","suffix":null,"lastName":"JORDAN","firstName":"DONALD","middleName":"BLAKE"},{"crd":"3213179","suffix":null,"lastName":"KENDALL","firstName":"CORY","middleName":"JAMES"},{"crd":"4186432","suffix":null,"lastName":"Kim","firstName":"Yu 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Corporation","displayName":"Toews","slug":"toews-106304","website":"https://toewscorp.com/","classification":{"segment":"registered_funds","segmentLabel":"Fund management","type":"fund_manager","typeLabel":"Mutual funds & ETFs","feeDisclosure":"payment_only"},"xUrl":"http://www.twitter.com/toewscorp","founded":null,"organization":"Delaware corporation","fiscalYearEnd":"December","headquarters":{"street":"1750 Zion Road, Suite 201","city":"Northfield","state":"NJ","stateName":"New Jersey","country":"United States","postalCode":"08225-1844"},"tradeNames":["Behavioral Investing Institute"],"registration":{"secApproved":"9 December 1994","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":null,"staff":{"employees":20,"advisory":16,"brokerDealerReps":8,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":1037481484,"discretionary":1037481484,"discretionaryAccounts":129,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":2745830,"nonUsClientsPct":0,"nonAumClients":11},"clientTypes":[{"label":"Individuals (other than HNW)","clients":113,"regulatoryAum":13882400},{"label":"High-net-worth individuals","clients":4,"fewerThan5":true,"regulatoryAum":3436125},{"label":"Investment companies","clients":8,"regulatoryAum":1019675751},{"label":"Charitable organizations","clients":1,"fewerThan5":true,"regulatoryAum":15449},{"label":"Corporations and other businesses","clients":3,"fewerThan5":true,"regulatoryAum":471759}],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"West Lake, TX","smaAssets":12735851},{"name":"Prudential Annuities Distributors, Inc","shortName":"Prudential Annuities Distributors","location":"Shelton, CT","smaAssets":1165734}],"custodyNote":"Toews has custody of $4.42M in client assets for 40 clients.","otherCustodians":[],"leadership":[{"name":"Eben Burr","title":"President","crd":"5696634"},{"name":"Jason Graffius","title":"Chief Operating and Financial Officer","crd":"4604455"},{"name":"Yu Jin Kim","title":"Chief Compliance Officer","crd":"4186432"},{"name":"Phillip Toews","title":"CEO, Sole Shareholder and Sole Director","crd":"1643056"}],"ownership":[{"label":"Phillip Toews","detail":"Ceo, sole shareholder and sole director in the 75% or more ownership band and a control person, since October 1994."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"New Jersey","offices":1,"addresses":[{"street":"1750 Zion Road, Suite 201","city":"Northfield","headquarters":true}]},{"state":"New York","offices":1,"addresses":[{"street":"900 Broadway","city":"New York"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"877-863-9726","stateRegisteredReps":15,"otherAdviserReps":0,"compensation":["A percentage of assets under management"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for investment companies","Portfolio management for businesses (other than small businesses) or institutional clients","Educational seminars/workshops"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":34},{"label":"Securities issued by registered investment companies or business development companies","percent":59},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":5,"detail":"Toews Provide Model Allocations for Sub-Accounts of Variable Annuities."}],"privateFunds":0},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/106304/PDF/106304.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-21","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Toews have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Toews offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Toews use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Toews have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Toews invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Toews?","answer":"Toews’ direct owner is Phillip Toews (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Toews get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Toews?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 26 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."}