TownSquare Capital

TownSquare Capital is an investment and trading platform that offers outsourced chief investment officer (OCIO) services. The firm provides a range of solutions including money manager vetting, portfolio construction, tax optimization, and full-service trading operations. It caters to wealth advisory firms and institutions such as family offices, corporations, endowments, and foundations.

Founded in 2017 and headquartered in Provo, Utah, the firm was established by a team of former fund managers, including CEO and Chief Investment Officer Kurt Brown. Brown has nearly 30 years of experience in capital markets, having previously worked at Alta Capital and Bank of America / Montgomery Securities. The company was created to provide financial advisors with a turnkey platform for investment and operations. A significant milestone occurred in July 2022 when TownSquare Capital was acquired by Orion Advisor Solutions, a major wealthtech solutions provider. Following the acquisition, TownSquare operates as a wholly-owned indirect subsidiary of Orion, with its leadership team remaining in place.

The company's business model is centered on offering its services on an a-la-carte or turnkey basis to financial advisors, augmenting their existing investment programs. This partnership allows advisors to access a team of investment professionals, specialized trade execution, and advanced portfolio audit tools. By handling operational tasks like trade execution, portfolio management, compliance, and reporting, TownSquare enables advisory firms to focus more on client relationships and financial planning. Revenue is generated through fees for these comprehensive management services. The platform is designed to add value through strategically unique investment and trading strategies while optimizing for risk, cost-efficiency, and tax impact.

Keywords: outsourced CIO, OCIO, turnkey asset management, TAMP, investment platform, portfolio management, financial advisor services, wealth management technology, trading operations, asset management, high-net-worth, family offices, tax optimization, portfolio construction, manager vetting, sub-advisory services, Orion Advisor Solutions, Kurt Brown