Tower Pension Specialists Inc (Cedar Rapids)


Tower Pension Specialists Inc is a large advisory firm based in Cedar Rapids. It manages $78.71 million of regulatory assets for 39 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Iowa.

Tower Pension Specialists provides portfolio management for businesses and institutional clients. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tower Pension Specialists: assets under management

The assets under management (AUM) of Tower Pension Specialists Inc is $78.71 million. The company doesn't manage any assets belonging to foreign clients.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tower Pension Specialists Inc for their services and products based on a percentage of assets under management and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Tower Pension Specialists Inc

Barbara Allison Knapp has been acting as President since 1 Jun 1994. Inc. Ragen Mackenzie Group joined the executive team most recently as the Parent Company.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Sci Financial Group Holding company 1 Mar 1978 75% - 100% 42-0658686
John Robert Huey Executive vice president 1 Dec 1988 Other 812950
Barbara Allison Knapp Director 1 Jun 1994 Other 4385464
James Donald Anderson President 1 Aug 1994 Other 2636501
Donald Heinz Muller Director 1 Jun 1996 Other 342442
Mary Constance Kokontis Treasurer 1 Jan 2000 Other 1942038
Inc. Ragen Mackenzie Group Parent company 1 Mar 2001 75% - 100% 91-1898738

Indirect Owners

The SEC currently registers 6 indirect owners.

Name Entity Date acquired Ownership Employer ID
Sci Financial Group Voting Trust Owner 1 Dec 1986 50% - 75% 42-6404176
Barbara Allison Knapp Trustee 1 Dec 1986 50% - 75% 4385464
David Northcott Knapp Trustee 1 Dec 1986 50% - 75% 1540871
Diana Louise Knapp Trustee 1 Dec 1986 50% - 75% 2239670
Russell Floyd Knapp Trustee 1 Dec 1986 50% - 75% 272192
A Delaware Corporation Wells Fargo & Company Shareholder 1 Mar 2000 75% - 100% 41-0449260

Based in Cedar Rapids

The principal office where Tower Pension Specialists Inc performs its advisory services is located at 200 Second Avenue Se, Cedar Rapids, IA 52401, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 319-368-2626 or by fax 319-368-2656. The normal business hours are 8-5 monday -thursday, 8-4:30 friday on Monday - Friday. You can find more information about the New York firm at www.scisec.com.