TSW Invest

Name

TSW Invest

Legal name

Thompson, Siegel & Walmsley LLC

Website

https://tswinvest.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Institutional Asset Management

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

High-Net-Worth (HNW) Private Banking (FSABADAB)

Keywords

• Value investment management
• Institutional asset management
• Equity investment strategies
• Fixed income management
• Investment advisory services

Headquarters

HQ city

Richmond

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Management Fees: TSW generates revenue through management fees assessed on assets under management (AUM). Fees are charged across separate account mandates and sub-advised mutual fund strategies, with typical institutional fee structures based on AUM tiers.
2. Strategic Advisory Services: The firm provides advisory services to institutional and high-net-worth clients, generating fee revenue for investment consulting and portfolio advisory engagements.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

TSW is a value investment boutique providing actively managed investment strategies across U.S. and international equities, fixed income, multi-asset income, and alternatives for institutional and strategic advisory clients. Strategies are offered through institutional separate accounts, sub-advised mutual funds distributed on the Transamerica and Perpetual platforms, and collective trust vehicles. The firm also provides customized Strategic Advisory services for institutional clients and partners, with all investment, trading, and operational functions conducted in-house.

Product overview

TSW Invest operates as a value investment boutique offering a comprehensive suite of investment strategies across U.S. and international equities, fixed income, and multi-asset solutions. The firm provides nine distinct investment vehicles including Large Cap Value, Mid Cap Value, SMID Cap Value, International Equity, International Small Cap, Emerging Markets, Core Plus Fixed Income, High Yield Bond, and Multi-Asset Income funds. Additionally, the firm offers Strategic Advisory services for institutional clients. All strategies follow a disciplined, bottom-up fundamental approach to value investing, managed by in-house teams. The funds are available as separate accounts, sub-advised mutual funds distributed through Transamerica and Perpetual, and collective trust vehicles.

Differentiator

Problem solved

Functional benefit

Products and services

• Large Cap Value U.S. equity strategy seeking to outperform the Russell 1000 Value Index through bottom-up fundamental analysis of large-cap value stocks. Available to institutional and strategic advisory clients.
• Mid Cap Value U.S. equity strategy targeting the Russell Midcap Value Index, focusing on mispriced stocks with identifiable catalysts and favorable risk/reward profiles over 18-36 month horizons. Available to institutional and strategic advisory clients.
• SMID Cap Value U.S. small-to-mid cap equity strategy seeking to outperform the Russell 2500 Value Index through disciplined value investing. Available to institutional and strategic advisory clients.
• International Equity International developed markets equity strategy targeting the MSCI EAFE Index, applying bottom-up fundamental analysis across 21 developed market countries. Available to institutional and strategic advisory clients.
• International Small Cap International small cap equity strategy seeking to outperform the MSCI EAFE Small Cap Index, focusing on smaller companies often neglected by larger managers. Available to institutional and strategic advisory clients.
• Emerging Markets Emerging markets equity strategy targeting the MSCI Emerging Markets Index, investing across 24 EM countries with a bottom-up fundamental approach. Available to institutional and strategic advisory clients.
• Core Plus Fixed Income Intermediate bond strategy seeking to outperform the Bloomberg U.S. Aggregate Index, with up to 20% allocation to non-investment grade credit. Available to institutional and strategic advisory clients.
• High Yield Bond High yield bond strategy targeting the ICE Bank of America Merrill Lynch US High Yield Constrained Index, focusing on BB and B rated credit with limited CCC exposure. Available to institutional and strategic advisory clients.
• Multi-Asset Income Multi-asset class strategy combining common equity (20-60%), high yield (20-60%), and preferred stocks (0-40%) to provide downside protection with a 300-500 bps yield premium over the S&P 500. Available to institutional and strategic advisory clients.
• Strategic Advisory Customized investment advisory services for institutional clients and strategic partners seeking tailored portfolio solutions beyond off-the-shelf strategies. For additional details on Alternative offerings, prospective clients must contact [email protected].

Quantifiable outcome

• Multi-Asset Income strategy delivers income objective of 300-500 bps over S&P 500 Index dividend yield with emphasis on downside protection
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• TransamericacoreChannel Partner/ Reseller/ DistributorTransamerica Capital, Inc. serves as the principal distributor for multiple TSW sub-advised mutual funds including Transamerica Multi-Asset Income (TSHIX), Transamerica International Equity, Transamerica International Small Cap Value, Transamerica Mid Cap Value Opportunities, and other strategies. Transamerica is not affiliated with TSW.
• Perpetual Americas FundscoreChannel Partner/ Reseller/ DistributorPerpetual Americas Funds Services serves as adviser and Perpetual Americas Funds Distributors, LLC (member FINRA) serves as distributor for TSW sub-advised mutual funds including TSW High Yield Bond Fund (TSWHX), TSW Core Plus Bond Fund (TSWFX), TSW Large Cap Value Fund (TSWEX), and TSW Emerging Markets Fund (TSWMX).
• Energage, LLCminorOthersThird-party employee feedback survey company that conducted the survey resulting in TSW's Top Workplace in Richmond recognition. The survey was conducted independently with no compensation provided to obtain or use the rating.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Pzena Investment Management: Pzena is a publicly-traded value investment boutique applying classic fundamental value investing across global equities, closely matching TSW's bottom-up value discipline and institutional separate-account model.
• Brandywine Global Investment Management: Brandywine Global is a value-oriented fixed income and equity boutique serving institutional clients globally via separate accounts, directly comparable to TSW's income and equity value strategies.
• Boston Partners: Boston Partners (part of Robeco) is a value equity boutique running large-cap, mid-cap, and small-cap value strategies for institutional clients, mirroring TSW's strategy lineup.
• Westwood Holdings Group: Westwood is a value-focused asset manager offering large-cap value, small-cap value, and income strategies to institutions, closely aligned with TSW's value mandate mix.
• Epoch Investment Partners: Epoch is a global equity manager with a strong value orientation serving institutional and intermediary clients through separate accounts and sub-advisory, comparable to TSW's distribution model.
• Ariel Investments: Ariel is a value boutique focused on US small-to-mid and international value equities for institutional and intermediary clients, structurally similar to TSW's US and Non-US value strategies.
• Cardinal Capital Management: Cardinal is a small US value boutique managing concentrated value equity portfolios for institutions and families, a tight comparable to TSW on size, style, and client mix.
• JOHCM (J O Hambro Capital Management): JOHCM is TSW's affiliate under the Perpetual/Pendal umbrella, offering value-oriented international and global equity strategies to institutional clients via separate accounts and sub-advisory.

Broad incumbents

• Lazard Asset Management: Lazard Asset Management is a large global asset manager offering value equity, international, and income strategies alongside active and quantitative products, overlapping with TSW but with much broader scale.

Regional players

• Touchstone Investments: Touchstone is a US-domiciled mutual fund complex that distributes value and income sub-advised strategies through intermediary channels, comparable as a sub-advisory distribution counterparty similar to Transamerica and Perpetual for TSW.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/thompson-siegel-&-walmsley

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TSW Invest