Boerne, TX Office

Targeted Financial Services (TFS) provides financial planning, consulting, and discretionary investment management to individuals, high‑net‑worth clients, retirement plans, trusts, and business entities. The firm manages about $353 million on a discretionary basis and offers ERISA fiduciary services, including both 3(21) non‑discretionary consulting and 3(38) discretionary plan management.

TFS implements portfolios using a blend of fundamental and technical analysis, guided by asset‑allocation models that are reviewed at least semiannually; for certain client segments it uses licensed model portfolios from Fidelity delivered via the 55ip platform. The firm routinely invests across mutual funds, ETFs and individual stocks and bonds, and it may employ options and take long or short equity positions, recommend private placements for accredited investors, and—when authorized by the client—use margin/borrowing in managed accounts.

Noteworthy relative to peers, TFS explicitly discloses the use of derivatives (options and long/short positions) and the authorized use of borrowing in separately managed accounts, practices that are uncommon among comparable team firms. The brochure also discloses insurance activities by representatives and the firm’s use of specific custodial arrangements for retirement assets, which can create potential conflicts that the firm documents and addresses in its disclosures.