TPG Advisors provides financial planning, portfolio management for individuals and small businesses, education planning, insurance, and tax planning. Financial planning was provided to 1–10 clients last fiscal year.
TPG Advisors reports 267 clients. They include 192 individual clients, 60 high-net-worth individuals, and 14 pension and profit-sharing plans. Of its assets, 95.6% ($279M across 747 accounts) are managed with discretion; $12.8M across 14 accounts are not. Of its clients, 1% are outside the U.S. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 72% | 17% |
| High-net-worth individuals | 22% | 78% |
| Pension and profit-sharing plans | 5% | 4% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 192 | $50.6M | 17.4% | $264K |
| High-net-worth individuals | 60 | $226M | 77.7% | $3.77M |
| Pension and profit-sharing plans | 14 | $12.8M | 4.4% | $912K |
| Charitable organizations | Fewer than 5 | $1.68M | 0.6% | $1.68M |
| Total | 267 | $291M | 100% | — |
- Clients
- 192
- Regulatory AUM
- $50.6M
- AUM share
- 17.4%
- Avg. per client
- $264K
- Clients
- 60
- Regulatory AUM
- $226M
- AUM share
- 77.7%
- Avg. per client
- $3.77M
- Clients
- 14
- Regulatory AUM
- $12.8M
- AUM share
- 4.4%
- Avg. per client
- $912K
- Clients
- Fewer than 5
- Regulatory AUM
- $1.68M
- AUM share
- 0.6%
- Avg. per client
- $1.68M
Total
- Clients
- 267
- Regulatory AUM
- $291M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 1–10
TPG Advisors charges 0.50%–1.10% a year for its Portfolio Management Fees. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial planning
- Financial planning is a negotiated fixed fee between $500 and $25,000, or an hourly fee between $100 and $500, with 50% paid in advance.
NJ Brown & Associates owns 25% to 50% of TPG Advisors and is in turn owned by Michael Brown (25–50%). The leadership team of TPG Advisors includes Chief Compliance Officer Michael Brown. It has 4 employees.
Leadership
- Michael BrownChief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
- Dani Gerald Barron
- Michael David Brown
- Martin Kevin Jankelowitz
- Paul Samuel Shuman
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 3 insurance agents
- Owns 25% to 50% of TPG Advisors LLC
NJ Brown & Associates
Control person · since June 2018
- Owns 25% to 50% of NJ Brown & Associates
Michael Brown
Control person · since June 2018
- Owns 25% to 50% of TPG Advisors LLC
Barron Wealth Management
Control person · since June 2018
- Owns 25% to 50% of Barron Wealth Management
Dani Barron
Control person · since June 2018
- Owns 25% to 50% of TPG Advisors LLC
Shuman Financial Consulting, LLC
Control person · since June 2018
- Owns 25% to 50% of Shuman Financial Consulting, LLC
Paul Shuman
Control person · since June 2018
TPG Advisors’ regulatory assets grew 1.5× from $188M (February 2021) to $291M (March 2026); clients rose from 208 to 267 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $291M | 267 | 4 | 1 |
| March 2025 | $236M | 267 | 4 | 1 |
| March 2024 | $207M | 232 | 4 | 1 |
| March 2023 | $199M | 222 | 4 | 1 |
| March 2022 | $212M | 236 | 4 | 1 |
| February 2021 | $188M | 208 | 4 | 1 |
Besides its headquarters, TPG Advisors has 0 offices, with 1 listed address in Illinois.
Illinois · 1 listed address
- 465 Central Ave, Suite 201, NorthfieldHQ
Contact and registration details
- Legal name
- TPG Advisors LLC
- Headquarters
- 465 Central Ave, Suite 201, Northfield, IL 60093
- Website
- planning-group.com
- Phone
- 847-441-9400
- @the-planning-group-llc
- SEC file
- 801-114032
- Founded
- 2018
- Structure
- Illinois LLC
- Fiscal year end
- December
TPG Advisors uses Charles Schwab ($279M) as custodian for its separately managed accounts. TPG Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $279M100%
At year end, TPG Advisors’ separately managed accounts were mostly in funds (78%) and stocks (12%). Its reported 13F holdings for the quarter ended 30 June 2026 total $182M across 115 positions; the largest are Schwab Strategic TR (8.6%), Schwab Strategic TR (8.5%) and Vanguard Index Fds (6.3%).
What the accounts hold
- Stocks12%
- Funds78%
- Registered funds76%
- Pooled vehicles2%
- Bonds6%
- U.S. government and agency bonds3%
- State and local bonds2%
- Investment grade corporate bonds1%
- Cash3%
- Other1%
- Derivatives1%
Reported 13F holdings
- $182M
- Reported 13F value
- 115
- Positions
- 48.6%
- In the 10 largest
- +13.6%
- Value vs. prior quarter
- Schwab Strategic TR · Intl Eqty ETF8.6%
- Schwab Strategic TR · US Brd Mkt ETF8.5%
- Vanguard Index Fds · Total Stk Mkt6.3%
- iShares TR · Core US Aggbd ET5.0%
- Vanguard Tax-managed Fds · Van FTSE Dev Mkt4.7%
- Vaneck ETF Trust · Mrngstr Wde Moat4.7%
- Apple Inc.3.2%
- Vanguard Instl Index FD · 0 3 MO TR BI ETF2.8%
- T Rowe Price Exchange-traded · Price Div Grwt2.4%
- Schwab Strategic TR · Emrg Mkteq ETF2.4%
Together, the ten largest are 48.6% of reported value.
How many clients does TPG Advisors have?
TPG Advisors has 267 clients and manages $291 million for them, as of March 2026. They include 192 individual clients, 60 high-net-worth individuals, and 14 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 24 March 2026
What services does TPG Advisors offer?
TPG Advisors provides financial planning, portfolio management for individuals and small businesses, education planning, insurance, 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 TPG Advisors charge?
TPG Advisors charges 0.50%–1.10% a year for its Portfolio Management Fees. The fee is billed in arrears and is negotiable.
Which custodians does TPG Advisors use?
TPG Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $279M. 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 TPG Advisors have?
TPG Advisors has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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 TPG Advisors invest in?
At the end of its last fiscal year, TPG Advisors’ separately managed accounts held 76% registered funds (mutual funds, ETFs, BDCs), 12% exchange-traded equities, 3% U.S. government and agency bonds, 3% cash and equivalents, 2% state and local bonds, 2% pooled vehicles (private funds and similar), 1% investment grade corporate bonds and 1% derivatives.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns TPG Advisors?
TPG Advisors is owned through holding companies by Michael Brown, Paul Shuman and Dani Barron. Its direct owners are NJ Brown & Associates, Barron Wealth Management and Shuman Financial Consulting, LLC, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 24 March 2026
How does TPG Advisors get paid?
TPG Advisors 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 TPG Advisors?
TPG Advisors’ main office is at 465 Central Ave, Suite 201, Northfield, IL 60093. Its phone number is 847-441-9400. Its website is planning-group.com.