Financial Advisor, Registered Fiduciary®
A seasoned veteran of the financial services industry with over 37 years of experience.
Al Townsend has had a successful and tenured career in the financial services industry that has allowed him to acquire a valuable and unique perspective from which to advise clients. His career started in the financial services industry in 1977 when he joined Paine Webber Inc. as a registered representative and quickly became a top advisor. He transitioned to the institutional side of the business eight years later with E. F. Hutton where he became one of 18 specialists working with national and state S&Ls and commercial banks to help them manage their assets and liabilities in order to make it through the 80’s banking crisis. One notable accomplishment was working with the second largest failed thrift institution in the U.S. to restructure its assets, comply with Federal guidelines, and meet its obligations to depositors.
As the banking crisis wound down, Mr. Townsend moved to management and become a Principal and Head of Marketing for one of the country’s top financial planning firms. In this capacity, he was responsible for staffing, training, and maintaining a national network of over 400 registered financial advisors. The firm was acquired by Pacific Mutual Company (better known as PIMCO).
For the past 20 years, Al Townsend has been the President of TMC Group. He has consulted with investment firms, banks, and insurance companies around the world to help them become more competitive in their markets and to improve the quality of their wealth management business. He has consulted with the leadership/management of numerous financial services firms and has personally trained over 15,000 financial services professionals to enhance and expand their knowledge and skill sets to successfully execute against a client-centric financial and wealth management business model.
Al founded Townsend Financial Life Management as a Partner and Senior Advisor and is able to bring his broad knowledge and experience to work with high net worth clients and institutions to manage their wealth. He works closely with his son AJ to advise and guide clients to meet their financial goals and protect their standard of living in a very complex and constantly changing environment. As a Registered Fiduciary®, he consults with business owners on how to provide workplace benefits, assess their retirement plans, and provide ongoing advisory services to ensure that employee benefits are in line with the goals of the company.
Al is married to Judy, has three wonderful children, and has lived in Boca Raton for the past 40 years.