TSFG provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate planning, insurance, and tax planning.
TSFG reports 864 clients. They include 654 individual clients, 207 high-net-worth individuals and 2 charitable organizations. Of its assets, 100.0% ($643M across 1,718 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $630M.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 76% | 39% |
| High-net-worth individuals | 24% | 61% |
| Charitable organizations | <1% | <1% |
| Corporations and other businesses | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 654 | $248M | 38.6% | $380K |
| High-net-worth individuals | 207 | $393M | 61.1% | $1.9M |
| Charitable organizations | Fewer than 5 | $1.25M | 0.2% | $626K |
| Corporations and other businesses | Fewer than 5 | $409K | 0.1% | $409K |
| Total | 864 | $643M | 100% | — |
- Clients
- 654
- Regulatory AUM
- $248M
- AUM share
- 38.6%
- Avg. per client
- $380K
- Clients
- 207
- Regulatory AUM
- $393M
- AUM share
- 61.1%
- Avg. per client
- $1.9M
- Clients
- Fewer than 5
- Regulatory AUM
- $1.25M
- AUM share
- 0.2%
- Avg. per client
- $626K
- Clients
- Fewer than 5
- Regulatory AUM
- $409K
- AUM share
- 0.1%
- Avg. per client
- $409K
Total
- Clients
- 864
- Regulatory AUM
- $643M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
TSFG charges up to 2.00% a year for its Investment Advisory Services. The fee is billed in advance, is negotiable and requires an account of at least $100,000.
Fee details and sources
TSFG, LLC owns 75% or more of TSFG. The leadership team of TSFG includes Chief Compliance Officer Michael Schremser. It has 9 employees, 6 of them in advisory roles.
Leadership
- Michael SchremserChief Compliance Officer
- Daniel BouskaOfficer
- Michael GibbonsOfficer
- Daniel NagelOfficer
Investment adviser representatives
6 representatives listed in the SEC register as of 9 October 2026.
Staff
- 9 employees
- 6 in advisory functions
- 6 state-registered reps
- 5 broker-dealer reps
- 5 insurance agents
TSFG’s regulatory assets grew from $458M (June 2021) to $643M (August 2026); clients fell from 1,008 to 864 and employees from 13 to 9.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $643M | 864 | 9 | 4 |
| March 2025 | $854M | 1,290 | 18 | 6 |
| July 2024 | $649M | 1,185 | 15 | 6 |
| July 2023 | $577M | 1,203 | 13 | 6 |
| February 2022 | $623M | 1,388 | 13 | 5 |
| June 2021 | $458M | 1,008 | 13 | 5 |
Besides its headquarters, TSFG has 3 offices (2 private residences, listed without an address), with 2 listed addresses in Illinois.
Illinois · 2 listed addresses
- 1052 N Western Avenue, Lake ForestHQ
- 312 Tri-State Parkway, Gurnee
Contact and registration details
- Legal name
- TSFG, LLC
- Headquarters
- 1052 N Western Avenue, Lake Forest, IL 60045
- Website
- gibbonsfinancialgroup.com
- Phone
- 847-735-7100
- SEC file
- 801-99339
- Founded
- 2014
- Structure
- Illinois LLC
- Fiscal year end
- December
TSFG uses LPL Financial ($643M) as custodian for its separately managed accounts. TSFG has custody of $416M in client assets for 622 clients.
- LPL FinancialLPL Financial LLC · Boston, MA · $643M100%
At year end, TSFG’s separately managed accounts were mostly in funds (79%) and stocks (15%). Its reported 13F holdings for the quarter ended 30 June 2026 total $794K across 891 positions; the largest are iShares Russell (7.7%), iShares U S (7.7%) and State Street (7.1%).
What the accounts hold
- Stocks15%
- Funds79%
- Bonds4%
- U.S. government and agency bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash2%
Reported 13F holdings
- $794K
- Reported 13F value
- 891
- Positions
- 43.2%
- In the 10 largest
- +20.4%
- Value vs. prior quarter
- iShares Russell · MF Closed And MF Open7.7%
- iShares U S · MF Closed And MF Open7.7%
- State Street · MF Closed And MF Open7.1%
- Abbvie Inc.4.3%
- Vanguard S&P · MF Closed And MF Open3.5%
- iShares Core · MF Closed And MF Open3.4%
- iShares A I · MF Closed And MF Open2.6%
- State Street · MF Closed And MF Open2.4%
- Vanguard Total · MF Closed And MF Open2.4%
- Apple Inc.2.1%
Together, the ten largest are 43.2% of reported value.
How many clients does TSFG have?
TSFG has 864 clients and manages $643 million for them, as of August 2026. They include 654 individual clients, 207 high-net-worth individuals and 2 charitable organizations.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 12 August 2026
What services does TSFG offer?
TSFG provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, education planning, estate 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 TSFG charge?
TSFG charges up to 2.00% a year for its Investment Advisory Services. The fee is billed in advance, is negotiable and requires an account of at least $100,000.
Which custodians does TSFG use?
TSFG’s separately managed account assets are held at LPL Financial LLC (Boston, MA), with $643M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 12 August 2026
How many financial advisors does TSFG have?
TSFG has 6 investment adviser representatives registered with state securities authorities, out of 9 employees, and 6 perform investment advisory functions. 5 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 TSFG invest in?
At the end of its last fiscal year, TSFG’s separately managed accounts held 79% registered funds (mutual funds, ETFs, BDCs), 15% exchange-traded equities, 2% U.S. government and agency bonds, 2% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does TSFG have a minimum investment?
Yes, TSFG’s minimum account size for its Investment Advisory Services is $100K.
Who owns TSFG?
TSFG’s direct owner is TSFG, LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 12 August 2026
How does TSFG get paid?
TSFG 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
Is TSFG registered with the SEC?
Yes, TSFG has been registered with the SEC as an investment adviser since 3 June 2015. Its CRD number is 172555 and its SEC file number is 801-99339.
Source: Form ADV Part 1A, Item 1, filed 12 August 2026; IAPD firm record
How do I contact TSFG?
TSFG’s main office is at 1052 N Western Avenue, Lake Forest, IL 60045. Its phone number is 847-735-7100. Its website is gibbonsfinancialgroup.com.