Thompson Private Wealth

Thompson Private Wealth provides discretionary asset management, financial planning and consulting, and retirement plan advisory services to individuals, high-net-worth clients, and employer-sponsored retirement plans such as 401(k), 403(b), pension and profit-sharing plans. The firm also makes accounting and tax-preparation services available through an affiliated accounting practice and offers planning work on an hourly or fixed-fee basis.

Portfolios are managed based on each client’s stated goals, time horizon and risk tolerance using a mix of fundamental and technical analysis and Modern Portfolio Theory, with regular account reviews, rebalancing and attention to tax-loss harvesting opportunities. For qualified retirement plans the firm serves in a limited-scope ERISA 3(21) fiduciary role, assisting with investment policy statements, monitoring plan investment options and participant education while excluding certain illiquid or employer-related assets from its advisory scope.

What distinguishes the firm from many peers is the combination of an affiliated accounting/tax practice and an active pension-consulting offering, a mix that the brochure discloses can create conflicts of interest and which the firm says it manages through disclosure and client choice. The firm also operates with a single advisory registration managing roughly $74 million across about 189 client accounts, requires use of a specified custodian platform and documents its firm-level policies on trading oversight and soft-dollar benefits.