General Website Disclosure
ANNUAL DISCLOSURE BROCHURE, ADV PART II AS OF MARCH 2023
View the document here.
CLIENT RELATIONSHIP SUMMARY, FORM CRS AS OF MARCH 2023
View our Form CRS here.
GENERAL WEBSITE DISCLOSURES
The information on this website informs you of services offered by Tolleson Wealth Management (“TWM”). Past performance is no guarantee of future results. No representation is being made that any account will or is likely to achieve profits or losses. All investments involve risk, including the loss of principal. A client’s return will be reduced by the advisory fees and other expenses. TWM’s advisory fees are described in Part 2a of our Form ADV. Any views described may not be suitable for all investors. The opinions expressed on this website are those of TWM and have been included for informational purposes only and should not be construed as investment advice or as a solicitation or an offer to buy a security or instrument or to participate in any trading strategy. Any opinions expressed are subject to change without notice and TWM is under no obligation to update the information contained herein. If you have any questions regarding the information presented on this website, please contact TWM.
RANKINGS, AWARDS, AND RECOGNITION
Any third party ratings, awards or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a representative of any one client’s experience nor is it a guarantee that he/she will experience a certain level of results if Tolleson Private Wealth Management, LP is engaged, or continues to be engaged, to provide investment advisory services. Any recognition received should not be construed as an endorsement of Tolleson Private Wealth Management’s services. Rankings published by magazines, and other, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser. Tolleson Private Wealth Management did not pay to participate in these surveys unless otherwise noted.
HOME PAGE AWARD DISCLOSURES:
Top Dallas Wealth Manager by D Magazine recognized Tolleson Wealth Management in Nov. 2022. Information was submitted as of June 6, 2022. D Magazine selected the firms for this award based on total assets under management for individual clients of at least $100 million; average assets under management per client of at least $1 million; a 95 percent client retention rate over the last two years; and no current disciplinary action. All firms listed for this award must have been in existence for at least five years as of the application deadline. The firms must also hold themselves out as fiduciaries for their clients and provide them with a written disclosure. A panel of esteemed local wealth managers reviewed the final list. All numbers are current as of the application deadline. Out of the 54 that applied, 40 firms and teams were selected. Tolleson Wealth Management applied for this award and did not pay to participate.
#2 Largest Wealth Management Firm by Dallas Business Journal – Dallas Business Journal surveyed wealth management firms beginning Jan. 3, 2022 and information was provided through Dec. 31, 2021. The surveys were sent via email to companies who opted-in to the Business Journal’s surveys and met eligibility requirements. To be eligible for this list, your company must be independently owned and have a location within one of the following counties. Collin, Cooke, Dallas, Denton, Ellis, Grayson, Hill, Johnson, Kaufman, McLennan, Navarro, Parker, Rockwall, Tarrant, and Wise. Of the 116 eligible companies surveyed, 34 responded. The Dallas Business Journal cannot independently verify information provided by individual companies. The information was published first on Nov. 4, 2022. Tolleson Wealth Management did not pay to participate in this listing.
Best-Performing Small Bank – S&P Global Market Intelligence listed Tolleson Private Bank, Member FDIC, as #84 of the 3,782 banks eligible for the best-performing small banks analysis. The list was compiled on March 3, 2023, and based on financials for the year ended Dec. 31, 2022. Scores were calculated for each company based on the following metrics: pretax return on tangible common equity, efficiency ratio, cost of funds, five-year average operating revenue growth, five-year average net charge-offs to average loans and leases ratio, nonperforming assets and loans 90 days or more past due as a percentage of total assets and leverage ratio. Each company’s standard deviation from the industry mean was calculated for every metric, weighted, then combined to derive a performance score. To help normalize the data and mitigate the impact of outliers, caps and floors were applied for each metric. Criteria for the ranking included a gross loans and leases-to-total assets ratio of at least 33% with no more than half of those loans in credit cards; a leverage ratio of at least 5%; no active severe enforcement actions; a result other than “substantial noncompliance” or “needs to improve” in the bank’s most recent Community Reinvestment Act exam; a yield on loans and leases of no more than 3x the industry median of 4/88%; and no more than half of the entity’s revenue coming from nontraditional banking activities. Additionally, industrial banks, nondepository trusts, companies with a bankers’ bank certification, and banks with parent companies that have total assets of $10 billion or more were omitted. Based on the listed criteria, 3,782 banks and thrifts were eligible for the analysis. Tolleson did not pay to participate in this award.
Most Admired CEO Carter Tolleson by Dallas Business Journal – The 2022 Most Admired CEO award features 18 honorees that are CEOs or hold an equivalent position at a company or organization in North Texas. The winners were honored at an event on June 16, 2022 and featured in a special publication in the Dallas Business Journal on June 24, 2022. A panel of judges selected nominees based on an online application and their compelling accomplishments achieved in the 2021-2022. Tolleson Wealth Management did not pay to participate in this award.
2022 Charitable Champion Award – Tolleson Wealth Management was notified about this award on June 22, 2022. To be eligible, firms must be in business for a minimum of 1 year; have 10 or more employees; be a registered investment advisor; and directly provide financial advice to households or organizations. Data was provided from Jan. 1 – Dec. 31, 2021. Submissions were evaluated blindly by a panel of judges based on criteria including employee benefits, company contributions, and philanthropic events and programs offered by the firms. Tolleson Wealth Management did not pay to participate in this award.