TSN Wealth Management

TSN operates as a fee-only fiduciary, meaning it does not accept commissions, referral fees, or revenue-sharing agreements from fund providers. Clients pay either a percentage of assets under management or a fixed retainer for financial planning, a model intended to eliminate the conflicts inherent in commission-based brokerage. This structure is disclosed in the firm's SEC Form ADV filings.

The firm subscribes to evidence-based investing rooted in the efficient-market hypothesis. Portfolios are constructed using low-cost institutional mutual funds and ETFs, with strategic tilts toward small-cap, value, and international equities. The firm avoids market timing and individual stock picking, citing decades of academic research showing that factor exposure and cost control are the dominant drivers of long-term returns.

TSN's public materials emphasize liquid, transparent, publicly traded securities. There is no indication of co-investment programs, private equity direct deals, or in-house alternative asset funds. The firm's investment committee has written white papers questioning whether the illiquidity premium in private markets adequately compensates retail investors for the loss of transparency and daily pricing.

The firm is registered with the Securities and Exchange Commission (SEC) as an investment adviser and is subject to examination by the SEC's Office of Compliance Inspections and Examinations. Its fiduciary duty is codified under the Investment Advisers Act of 1940, which legally requires the firm to act in clients' best interests. Custody of client assets is held by third-party custodians, not the firm itself.

The firm serves individual households, high-net-worth families, and the retirement plan sponsors of small to mid-sized businesses in central Indiana. Its service model combines investment management with tax preparation and estate planning, a bundling approach particularly suited to business owners managing complex personal and corporate financial intersections.