Tocqueville Asset Management Lp
SEC-registered
Wealth Manager · Large ($10B–$100B)
CRD 105690
· SEC file 801-36209
· New York, NY
· TWITTER.COM
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $10.2B
- Discretionary
- $9.3B
- Clients
- 1,270
- Avg AUM / client
- $8.1M
- Accounts
- 2,314
- Employees
- 73
AUM over time
$7.8B
$13.2B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 418 | $53.9M | 0.53% |
| High net worth individuals | 741 | $5.7B | 55.4% |
| Banking or thrift institutions | Fewer than 5 clients | $0 | — |
| Investment companies | 3 | $956M | 9.34% |
| Pooled investment vehicles (non-investment companies) | 8 | $254M | 2.48% |
| Pension and profit sharing plans | 15 | $600M | 5.86% |
| Charitable organizations | 42 | $1.2B | 11.5% |
| State or municipal government entities | 6 | $291M | 2.84% |
| Other investment advisers | 6 | $775M | 7.57% |
| Insurance companies | 5 | $182M | 1.77% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $0 | — |
| Corporations and other businesses | 26 | $280M | 2.73% |
Private funds (5)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $87.4M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Taubenpost Capital L.P. | Hedge Fund | Delaware | $69.2M | 30 |
| Tocqueville Global Partners L.P. | Hedge Fund | Delaware | $9.0M | 5 |
| Jkm Fundamental L.P. | Hedge Fund | Delaware | $6.3M | 10 |
| Tocqueville Qof 2021 1 Llc | Real Estate Fund | Florida | $1.8M | 6 |
| Tocqueville Qualified Opportunity Zone Fund 2021 Llc | Real Estate Fund | Delaware | $1.2M | 4 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Laborers Local 1298 Of Nassau & Suffolk Counties Annuity Fund Board Of Trustees Local 1298 Annuity Fund | 2024 | |
| Suburban Wholesalers Association Pension Plan Trustee Of Suburban Wholesalers Association Pension Plan | Westbury, NY | 2024 |
| Westchester Heavy Construction Laborers Local 60 Annuity Fund Board Of Trustees Local 60 Annuity Fund | Hawthrone, NY | 2024 |
| Littler Mendelson 401(k) Plan And Trust Littler Mendelson, P.C. | 2024 | |
| Teamsters Pension Trust Fund Of Philadelphia & Vic Board Of Trustees Of Teamsters Pension Trust Fund Of Philadelphia & Vi | Pennsauken, NJ | 2024 |
| Westchester Heavy Construction Laborers Local 60 Pension Fund Board Of Trustees Local 60 Pension Fund | Hawthorne, NY | 2024 |
| Teamster Local 282 Annuity Trust Fund Board Of Trustees Local 282 | 2024 | |
| Paper Products, Misc. Chauffeurs, Warehousemen, Helpers, Messengers, Production & Office Workers Pension Fund Bd Of Trustees Of Paper Products, Misc. Chauffeurs, Warehousemen, Help | Long Island City, NY | 2024 |
| Oge Energy Corp. Retirement Plan Oge Energy Corp. | 2024 | |
| Local 1034 Pension Fund Board Of Trustees Of Local 1034 Pension Fund | Long Island City, NY | 2024 |
| Pension Plan Private Sanitation Union Local 813 Ibt Board Of Trustees Of Pension Fund Private Sanitation Union Local 813 I | Long Island City, NY | 2024 |
| Pension Fund Of Heat And Frost Insulators Local 12 Board Of Trustees Pension Fund Of Heat And Frost Insulators Local 12 | 2024 |
People (38)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Robert William Kleinschmidt | Chairman Of Gp | Jul 1991 (35y) | ≈ 37.5% – 75% via Tocqueville Management Corp. | |
| Kleinschmidt, Alexander, William | Trustee | Nov 2011 (15y) | 10% – 25% | |
| Kleinschmidt, Lara, R | Trustee | Nov 2011 (15y) | GP / trustee / elected manager of Robert W. Kleinschmidt Irrevocable Dynasty Trust (indirect) | |
| Paul J Kleinschmidt | Trustee | Nov 2011 (15y) | 10% – 25% | |
| Kleinschmidt, Kim, Alan | Trustee | Jan 2019 (8y) | GP / trustee / elected manager of Robert W. Kleinschmidt Irrevocable Dynasty Trust (indirect) | |
| Graham, Kelsey, Dubois | Chief Compliance Officer | Jan 2020 (7y) | Less than 5% | |
| Schlesinger, Scott, Ira | Chief Operating Officer And Vice President Of Gp | Jan 2020 (7y) | Less than 5% | |
| Zatkowsky, Jeffrey, Lance | Chief Financial Officer | Feb 2021 (6y) | Less than 5% | |
| Nicholas Carlozzi | Registered representative | May 2006 (20y) | ||
| Matthew John Cherashore | Registered representative | Sep 2014 (12y) | ||
| Heather Jacobs Perlmutter | Registered representative | May 2021 (5y) | ||
| Joseph Anthony Zock | Registered representative | May 2021 (5y) | ||
| Joseph S Piropato | Registered representative | May 2021 (5y) | ||
| Michael Lewis Bertash | Registered representative | May 2021 (5y) | ||
| Michael Ted Meltzer | Registered representative | May 2021 (5y) | ||
| Benner Anthony Ulrich | Registered representative | Jun 2021 (5y) | ||
| John Dennis Delafield | Registered representative | Jun 2021 (5y) | ||
| Donald Brooks Wang | Registered representative | Jun 2021 (5y) | ||
| John Theodore Rochford | Registered representative | Aug 2021 (5y) | ||
| Joshua Dov Kaufthal | Registered representative | Aug 2021 (5y) | ||
| Lawrence Michael Fields | Registered representative | Aug 2021 (5y) | ||
| James Millar Maxwell | Registered representative | Aug 2021 (5y) | ||
| Peter Dewey Shawn | Registered representative | Aug 2021 (5y) | ||
| Paul Anthony Lambert | Registered representative | Aug 2021 (5y) | ||
| David Taylor Harris | Registered representative | Aug 2021 (5y) | ||
| Norman Douglas Adams | Registered representative | Aug 2021 (5y) | ||
| Peter Tisdall Ostberg | Registered representative | Aug 2021 (5y) | ||
| Tsering Ngudu | Registered representative | Aug 2021 (5y) | ||
| Vincent Sellecchia | Registered representative | Aug 2021 (5y) | ||
| James Edward Hunt | Registered representative | Aug 2021 (5y) | ||
| John Richard Ores | Registered representative | CFA | Aug 2021 (5y) | |
| George Birmingham Mcauliffe | Registered representative | Sep 2021 (5y) | ||
| John James Petrides | Registered representative | Sep 2021 (5y) | ||
| Rodman Wister Moorhead Iv | Registered representative | Sep 2021 (5y) | ||
| Michael John Paton | Registered representative | Sep 2021 (5y) | ||
| Nicholas Alexander Stock | Registered representative | Nov 2021 (5y) | ||
| Christopher Evans Morphy | Registered representative | Apr 2025 (1y) | ||
| James Dale Harvey | Registered representative | Apr 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Tocqueville Management Corp. | General Partner | Jan 1990 | A | 75% or more |
| Robert W. Kleinschmidt Irrevocable Dynasty Trust | Limited Partner | Nov 2011 | A | 10% – 25% |
| Kleinschmidt, Lara R. | Trustee | Nov 2011 | A | 10% – 25% |
| Kleinschmidt, Kim A | Trustee | Jan 2019 | A | 10% – 25% |
Estimated effective ownership (look-through of filed bands):
- Robert William Kleinschmidt: 50% – 75% of Tocqueville Management Corp. × 75% – 100% direct ≈ 37.5% – 75% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (5, $87.4M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Taubenpost Capital L.P. | Hedge Fund | $69.2M | $250K | 30 |
| Tocqueville Global Partners L.P. | Hedge Fund | $9.0M | $1.0M | 5 |
| Jkm Fundamental L.P. | Hedge Fund | $6.3M | $100K | 10 |
| Tocqueville Qof 2021 1 Llc | Real Estate Fund | $1.8M | $100K | 6 |
| Tocqueville Qualified Opportunity Zone Fund 2021 Llc | Real Estate Fund | $1.2M | $100K | 4 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (12)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Laborers Local 1298 Of Nassau & Suffolk Counties Annuity Fund | Board Of Trustees Local 1298 Annuity Fund | 1,533 | $282M | 07/01/2024 |
| Suburban Wholesalers Association Pension Plan | Trustee Of Suburban Wholesalers Association Pension Plan | 0 | $22.3M | 04/01/2024 |
| Westchester Heavy Construction Laborers Local 60 Annuity Fund | Board Of Trustees Local 60 Annuity Fund | 1,101 | $200M | 01/01/2024 |
| Littler Mendelson 401(k) Plan And Trust | Littler Mendelson, P.C. | 2,298 | $1.1B | 01/01/2024 |
| Teamsters Pension Trust Fund Of Philadelphia & Vic | Board Of Trustees Of Teamsters Pension Trust Fund Of Philadelphia & Vi | 7,961 | $2.7B | 01/01/2024 |
| Westchester Heavy Construction Laborers Local 60 Pension Fund | Board Of Trustees Local 60 Pension Fund | 1,006 | $342M | 01/01/2024 |
| Teamster Local 282 Annuity Trust Fund | Board Of Trustees Local 282 | 3,993 | $887M | 01/01/2024 |
| Paper Products, Misc. Chauffeurs, Warehousemen, Helpers, Messengers, Production & Office Workers Pension Fund | Bd Of Trustees Of Paper Products, Misc. Chauffeurs, Warehousemen, Help | 396 | $133M | 01/01/2024 |
| Oge Energy Corp. Retirement Plan | Oge Energy Corp. | 730 | $281M | 01/01/2024 |
| Local 1034 Pension Fund | Board Of Trustees Of Local 1034 Pension Fund | 94 | $113M | 01/01/2024 |
| Pension Plan Private Sanitation Union Local 813 Ibt | Board Of Trustees Of Pension Fund Private Sanitation Union Local 813 I | 490 | $279M | 01/01/2024 |
| Pension Fund Of Heat And Frost Insulators Local 12 | Board Of Trustees Pension Fund Of Heat And Frost Insulators Local 12 | 391 | $155M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 2.18 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
Custody
Reported custodians
- Pershing $4.9B (48% of AUM) Mar 2026
- Northern Trust $1.2B (12% of AUM) Jun 2025
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗