Tealwood Asset Management Inc (Minneapolis)

Name: Tealwood Asset Management Inc
Address: 120 South 6 Th Street, Minneapolis, MN, 55402
Telephone: 612-340-0181

Tealwood Asset Management Inc is a large advisory firm based in Minneapolis. It manages $388.14 million of regulatory assets for 938 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of Arizona, California, Colorado, and 11 other states.

Tealwood Asset Management provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, publication of newsletters, and educational seminars and workshops. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tealwood Asset Management: assets under management

The assets under management (AUM) of Tealwood Asset Management Inc is $388.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 219% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $388.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $413.8 thousand each.

Tealwood Asset Management has custody of $14.95 million in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 56% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 17% of the firm’s portfolio. Investments in investment grade corporate bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Tealwood Asset Management Inc for their services and products based on a percentage of assets under management. 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.

What kind of clients George Agar Hust serves?

The firm provides services to individuals, insurance companies, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of George Agar Hust is high net worth individuals with 152 clients and $292.57 million of assets under management. Among the 8 most similar advisory firms, Tealwood Asset Management has the 4th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $387.47 million for 401 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Tealwood Asset Management doesn't advise any private funds.

Careers at Tealwood Asset Management Inc

The company employs 11 people that are either part- or full-time employees. 91 percent of the employees work as investment advisers or researchers. 9 employees are registered as investment adviser representatives with the state securities authorities.

There are 12 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

George Agar Hust has been acting as President since 1 Mar 1987. Jodi Lynn Halbert joined the executive team most recently as the Principal Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
George Agar Hust	Chairman	1 Mar 1987	25% - 50%	253936
David E Hust	Officer	1 Mar 1987	25% - 50%	1208371
David W. Hust	Officer	1 Mar 1987	25% - 50%	1208371
David Woodbury Hust	Officer	1 Mar 1987	25% - 50%	1208371
Jodi Lynn Halbert	Officer	1 Apr 1994	Other	1147824
Charles Cheyne Mahar	President and ceo	1 Apr 1995	50% - 75%	1090893
David Young Neal	Officer	1 Oct 1998	Other	4343266
John Patrick Klett	Investment officer	1 Sep 2000	Other	271693
Charles Taney Silverson	Investment officer	1 Sep 2000	Other	4343293
Kenneth Eugene Dawkins	Sr. chief investment officer	1 Nov 2001	Other	62841
Jodi Lynn Halbert	Chief compliance officer and operations officer	1 Sep 2004	Other	1147824
Bruce Jeffrey Langer	Investment officer	1 Jan 2007	Other	4542811
Daniel Robert Aronson	Investment officer	1 Jan 2007	Other	2408482
Dana Ruxton Strong	Investment officer	1 May 2008	Other	1015471
Steven Matthew Richter	Investment officer	1 Jul 2010	Other	4994232
David Young Neal	Investment officer	1 Jan 2011	Other	4343266
Daniel Robert Aronson	Trustee/investment officer	1 Jan 2011	Other	2408482
Daniel R Aronson Revocable Trust U/A Dated 10/23/09	Owner	1 Jan 2011	Other	t2408482
Bruce J. Langer Revocable Trust U/A Dated 1/21/2009	Owner	1 Jan 2011	Other	t4542811
Michele Lynn Hanson	Account manager	1 Jan 2011	Other	2636258
Steven Matthew Richter	Investment committee manager	1 Jan 2012	Other	4994232
John Carl Zevnick	Investment officer	1 Sep 2012	Other	6130234
Jodi Lynn Halbert	Principal owner	1 Jul 2019	Other	1147824
John Carl Zevnick	Chief compliance officer	1 Jul 2019	Other	6130234

Based in Minneapolis

The principal office where Tealwood Asset Management Inc performs its advisory services is located at 120 South 6 Th Street, Minneapolis, MN 55402, 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 612-340-0181 or by fax 612-341-9363. The normal business hours are 8:00 a.m - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at tealwood.com.