Townsend & Associates provides financial planning, portfolio management for individuals and small businesses, publishing newsletters, educational seminars, education planning, estate planning, insurance, philanthropic planning, retirement plan services, and tax planning. Financial planning was provided to 638 clients last fiscal year.
Townsend & Associates reports 1,514 clients. They include 1,003 individual clients and 511 high-net-worth individuals. Of its assets, 99.9% ($1.52B across 3,647 accounts) are managed with discretion; $2.22M across 15 accounts are not. It advised 185 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 66% | 28% |
| High-net-worth individuals | 34% | 72% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 1,003 | $433M | 28.5% | $432K |
| High-net-worth individuals | 511 | $1.09B | 71.5% | $2.13M |
| Total | 1,514 | $1.52B | 100% | $1M |
- Clients
- 1,003
- Regulatory AUM
- $433M
- AUM share
- 28.5%
- Avg. per client
- $432K
- Clients
- 511
- Regulatory AUM
- $1.09B
- AUM share
- 71.5%
- Avg. per client
- $2.13M
Total
- Clients
- 1,514
- Regulatory AUM
- $1.52B
- AUM share
- 100%
- Avg. per client
- $1M
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 185
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 638
Townsend & Associates charges 0.68%–1.25% a year for its Townsend Managed Account Program. The fee is billed in advance, is negotiable and requires an account of at least $500,000. The brochure also prices 3 other services, listed under fee details.
Fee details and sources
Other fees
- 401(k) Advantage Program
- Monitoring of retirement plan accounts held at outside custodians is charged up to $195 a year, payable in advance.
- Financial Consultations
- Individual consultations are charged $285 per hour, non-negotiable; 50% is due in advance and the rest on completion.
- Financial Planning Services
- A fixed fee of $265 is charged for a financial profile; continuing financial planning is a fixed fee of up to $150 for a one-year period.
Jeffery Townsend owns 75% or more of Townsend & Associates. The leadership team of Townsend & Associates includes President Shawn Kelly and Chief Operating Officer Anthony Schembri. It has 30 employees, 11 of them in advisory roles.
Leadership
- Shawn KellyChief Compliance Officer and President
- Anthony SchembriChief Operating Officer
- Jeffery TownsendCEO
Investment adviser representatives
18 representatives listed in the SEC register as of 9 October 2026.
- Jonathan David-Rockwell Amick
- Kaitlin Elizabeth Bell
- Mark Jason Bosley
- Tiffany Anna Brown
- Robin Adalia Carlin
- Steven Kent Carlisle
- Scott Conway
- David Joseph Francis
- John Robert Goltermann
- Greg Eric Graham
- Andrew Wayne Hanna
- Richard Charles Harrison
- Drew McKinley Hayworth
- Tyler Hentges
- Shawn Robert Kelly
- Mark Edward Thomas
- Theresa Lynn Thomas
- Jeffery Edward Townsend
Staff
- 30 employees
- 11 in advisory functions
- 16 state-registered reps
- 17 broker-dealer reps
- 12 insurance agents
- Owns 75% or more of Townsend & Associates, Inc.
Jeffery Townsend
Control person · since January 2019
- Owns 5% to 10% of Townsend & Associates, Inc.
Shawn Kelly
Control person · since January 2019
Townsend & Associates’ regulatory assets grew 1.8× from $856M (February 2021) to $1.52B (September 2026); clients rose from 1,177 to 1,514 and employees from 23 to 30.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| September 2026 | $1.52B | 1,514 | 30 | 3 |
| March 2025 | $1.28B | 1,476 | 28 | 3 |
| March 2024 | $1.12B | 1,421 | 29 | 3 |
| August 2023 | $991M | 1,389 | 29 | 2 |
| June 2022 | $1.01B | 1,262 | 22 | 2 |
| February 2021 | $856M | 1,177 | 23 | 2 |
Besides its headquarters, Townsend & Associates has 2 offices, with 3 listed addresses in Colorado.
Colorado · 3 listed addresses
- 2761 W. 120th Ave., Suite 200, WestminsterHQ
- 197 Prospector Road, Aspen
- 2000 South Colorado BLVD., Denver
Other business names
Townsend & Associates has reported 2 other business names to the SEC.
- -Townsend
- Townsend Retirement Specialists
Contact and registration details
- Legal name
- Townsend & Associates, Inc.
- Headquarters
- 2761 W. 120th Ave., Suite 200, Westminster, CO 80234
- Website
- townsendretirement.com
- Phone
- 303-452-5986
- @townsend-retirement-specialists
- SEC file
- 801-66559
- Founded
- 1991
- Structure
- Colorado corporation
- Fiscal year end
- December
Townsend & Associates uses Fidelity ($1.33B) as custodian for its separately managed accounts. Townsend & Associates has custody of $12.6M in client assets for 15 clients.
- FidelityNational Financial Services LLC · Boston, MA · $1.33B100%
At year end, Townsend & Associates’ separately managed accounts were largely in stocks (44%) and funds (35%). Its reported 13F holdings for the quarter ended 30 June 2026 total $1.17B across 115 positions; the largest are iShares TR (6.2%), iShares TR (5.1%) and Bhp Billiton Limited (4.2%).
What the accounts hold
- Stocks44%
- Exchange-traded equities43%
- Non-exchange-traded equities1%
- Funds35%
- Bonds2%
- U.S. government and agency bonds1%
- Investment grade corporate bonds1%
- Cash10%
- Other10%
- Annuity products and less than 1% in various fixed income investments and securities issued by pooled investment vehicles and non-exchange traded equity. foreign currency positions.10%
Reported 13F holdings
- $1.17B
- Reported 13F value
- 115
- Positions
- 40.0%
- In the 10 largest
- +1.2%
- Value vs. prior quarter
- iShares TR · Trust Ishare 0-16.2%
- iShares TR · Core 1 5 YR Usd5.1%
- Bhp Billiton Limited · Sponsored ADS4.2%
- Janus Detroit Str TR · Hende Incom ETF4.0%
- iShares TR · 20 YR TR BD ETF3.9%
- Nutrien Ltd3.6%
- Myr Group Inc.3.5%
- SPDR Gold TR · Gold Shs3.4%
- iShares TR · Core High DV ETF3.1%
- iShares TR · Core S&P US Vlu3.0%
Together, the ten largest are 40.0% of reported value.
How many clients does Townsend & Associates have?
Townsend & Associates has 1,514 clients and manages $1.52 billion for them, as of September 2026. They include 1,003 individual clients and 511 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 September 2026
What services does Townsend & Associates offer?
Townsend & Associates provides financial planning, portfolio management for individuals and small businesses, publishing newsletters, educational seminars, education planning, estate planning, insurance, philanthropic planning, retirement plan services, and tax planning.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Townsend & Associates charge?
Townsend & Associates charges 0.68%–1.25% a year for its Townsend Managed Account Program. The fee is billed in advance, is negotiable and requires an account of at least $500,000.
Which custodians does Townsend & Associates use?
Townsend & Associates’ separately managed account assets are held at National Financial Services LLC (Boston, MA), with $1.33B. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 September 2026
How many financial advisors does Townsend & Associates have?
Townsend & Associates has 16 investment adviser representatives registered with state securities authorities, out of 30 employees, and 11 perform investment advisory functions. 17 employees are registered representatives of a broker-dealer and 12 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 Townsend & Associates invest in?
At the end of its last fiscal year, Townsend & Associates’ separately managed accounts held 43% exchange-traded equities, 35% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents, 10% other, 1% non-exchange-traded equities, 1% U.S. government and agency bonds and 1% investment grade corporate bonds. The 10% other category is described as: Annuity Products and Less Than 1% in Various Fixed Income Investments and Securities Issued by Pooled Investment Vehicles and Non-Exchange Traded Equity. Foreign Currency Positions.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does Townsend & Associates have a minimum investment?
Yes, Townsend & Associates’ minimum account size for its Townsend Managed Account Program is $500K.
Who owns Townsend & Associates?
Townsend & Associates’ direct owners are Jeffery Townsend (75% or more) and Shawn Kelly (5% to 10%).
Source: Form ADV Part 1A, Schedules A and B, filed 11 September 2026
How does Townsend & Associates get paid?
Townsend & Associates is paid through a percentage of assets under management, hourly charges 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 Townsend & Associates?
Townsend & Associates’ main office is at 2761 W. 120th Ave., Suite 200, Westminster, CO 80234. Its phone number is 303-452-5986. Its website is townsendretirement.com.