Towers Watson Investment Services, Inc.
SEC-registered
Institutional / Pension Advisor · Large ($10B–$100B)
CRD 110473
· SEC file 801-46008
· Chicago, IL
· x.com
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ADV data as of May 21, 2026
- Regulatory AUM
- $62.7B
- Discretionary
- $54.4B
- Clients
- 107
- Avg AUM / client
- $586M
- Accounts
- 138
- Employees
- 239
AUM over time
$11.0B
$63.3B
Sep 2012
May 2026
Annual snapshots from Form ADV filings · as of May 21, 2026
Asset allocation (SMA assets by investment type)
as of May 21, 2026
Pooled investment vehicles
$16.3B
26%
US government & agency bonds
$15.7B
25%
Other
$15.0B
24%
Investment-grade corporate bonds
$8.1B
13%
Cash & equivalents
$6.3B
10%
Exchange-traded equities
$627M
1%
Registered investment companies (funds/ETFs)
$627M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 1 | $872M | 1.39% |
| Pension and profit sharing plans | 106 | $61.8B | 98.6% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Sep 2024 · $15.0B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Willis Towers Watson Group Trust Diversified Equity Fund | Other Private Fund | New York | $3.9B | 39 |
| Willis Towers Watson Group Trust Diversified Credit Fund | Other Private Fund | New York | $3.2B | 63 |
| Willis Towers Watson Group Trust Real Assets Fund | Other Private Fund | New York | $3.2B | 53 |
| Willis Towers Watson Group Trust Global Equity Focus Fund | Other Private Fund | New York | $2.6B | 4 |
| Willis Towers Watson Group Trust Long Credit Fund | Other Private Fund | New York | $1.5B | 31 |
| Wtw Liquid Diversifiers Fund, Ltd | Hedge Fund | Cayman Islands | $558M | 16 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C. Showing first 100 of 107.
People (13)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Davis, Adina, C | Secretary | Apr 2020 (6y) | Less than 5% | |
| Malko, Klotilda | Chief Financial Officer And Treasurer | Aug 2020 (6y) | Less than 5% | |
| Remijas, Andrew, Christopher | Money Laundering Responsible Officer | Aug 2020 (6y) | Less than 5% | |
| Srivastava, Nimisha | Director, President | Feb 2022 (5y) | Less than 5% | |
| Pliner, Jonathan, Dale | Director | Sep 2022 (4y) | Less than 5% | |
| Lazich, Dragan | Chief Compliance Officer | Jan 2023 (4y) | Less than 5% | |
| Luke, Diya, Malarkar | Director | Jul 2023 (3y) | Less than 5% | |
| Martin, Paul, James | Director, Chief Operating Officer | Jul 2024 (2y) | Less than 5% | |
| Samarth Deepak Zaveri | Registered representative | May 2022 (4y) | ||
| Vita Nancy Amadeo | Registered representative | Oct 2024 (2y) | ||
| Jay W Hays | Registered representative | Oct 2024 (2y) | ||
| Aaron K Kozick | Registered representative | Oct 2024 (2y) | ||
| Richard Sidney Schainker | Registered representative | Oct 2024 (2y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Willis Towers Watson Us Llc | Parent Company | Jan 1994 | A | 75% or more |
| Towers Watson Delaware Holdings Llc | Parent Company | Jan 2000 | B | ≈ 56.25% – 100% via Willis Towers Watson Us Llc |
| Willis Us Holding Company, Llc | Parent Company | Jan 2016 | B | ≈ 42.19% – 100% via Towers Watson Delaware Holdings Llc |
| Willis North America , Inc | Parent Company | Jan 2016 | B | ≈ 31.64% – 100% via Willis Us Holding Company, Llc |
| Willis Group Limited | Parent Company | Jan 2016 | B | ≈ 23.73% – 100% via Willis North America , Inc |
| Trinity Acquisition Plc | Parent Company | Jan 2016 | B | ≈ 17.8% – 100% via Willis Group Limited |
| Willis Towers Watson Uk Holdings Limited | Parent Company | Jan 2016 | B | ≈ 13.35% – 100% via Trinity Acquisition Plc |
| Ta 1 Limited | Parent Company | Jan 2016 | B | ≈ 10.01% – 100% via Willis Towers Watson Uk Holdings Limited |
| Willis Investment U.K. Holdings Limited | Parent Company | Jan 2016 | B | ≈ 7.51% – 100% via Ta 1 Limited |
| Willis Netherlands Holdings B.V. (Netherlands) | Parent Company | Jan 2016 | B | ≈ 5.63% – 100% via Willis Investment U.K. Holdings Limited |
| Willis Towers Watson Sub Holdings Unlimited Company (Ireland) | Parent Company | Jan 2016 | B | ≈ 4.22% – 100% via Willis Netherlands Holdings B.V. (Netherlands) |
| Willis Towers Watson Public Limited Company | Parent Company | Jan 2016 | B | ≈ 3.17% – 100% via Willis Towers Watson Sub Holdings Unlimited Company (Ireland) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Towers Watson Delaware Holdings Llc: 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Willis Us Holding Company, Llc: 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Willis North America , Inc: 75% – 100% of Willis Us Holding Company, Llc × 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 31.64% – 100% of the firm
- Willis Group Limited: 75% – 100% of Willis North America , Inc × 75% – 100% of Willis Us Holding Company, Llc × 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 23.73% – 100% of the firm
- Trinity Acquisition Plc: 75% – 100% of Willis Group Limited × 75% – 100% of Willis North America , Inc × 75% – 100% of Willis Us Holding Company, Llc × 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 17.8% – 100% of the firm
- Willis Towers Watson Uk Holdings Limited: 75% – 100% of Trinity Acquisition Plc × 75% – 100% of Willis Group Limited × 75% – 100% of Willis North America , Inc × 75% – 100% of Willis Us Holding Company, Llc × 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 13.35% – 100% of the firm
- Ta 1 Limited: 75% – 100% of Willis Towers Watson Uk Holdings Limited × 75% – 100% of Trinity Acquisition Plc × 75% – 100% of Willis Group Limited × 75% – 100% of Willis North America , Inc × 75% – 100% of Willis Us Holding Company, Llc × 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 10.01% – 100% of the firm
- Willis Investment U.K. Holdings Limited: 75% – 100% of Ta 1 Limited × 75% – 100% of Willis Towers Watson Uk Holdings Limited × 75% – 100% of Trinity Acquisition Plc × 75% – 100% of Willis Group Limited × 75% – 100% of Willis North America , Inc × 75% – 100% of Willis Us Holding Company, Llc × 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 7.51% – 100% of the firm
- Willis Netherlands Holdings B.V. (Netherlands): 75% – 100% of Willis Investment U.K. Holdings Limited × 75% – 100% of Ta 1 Limited × 75% – 100% of Willis Towers Watson Uk Holdings Limited × 75% – 100% of Trinity Acquisition Plc × 75% – 100% of Willis Group Limited × 75% – 100% of Willis North America , Inc × 75% – 100% of Willis Us Holding Company, Llc × 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 5.63% – 100% of the firm
- Willis Towers Watson Sub Holdings Unlimited Company (Ireland): 75% – 100% of Willis Netherlands Holdings B.V. (Netherlands) × 75% – 100% of Willis Investment U.K. Holdings Limited × 75% – 100% of Ta 1 Limited × 75% – 100% of Willis Towers Watson Uk Holdings Limited × 75% – 100% of Trinity Acquisition Plc × 75% – 100% of Willis Group Limited × 75% – 100% of Willis North America , Inc × 75% – 100% of Willis Us Holding Company, Llc × 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 4.22% – 100% of the firm
- Willis Towers Watson Public Limited Company: 75% – 100% of Willis Towers Watson Sub Holdings Unlimited Company (Ireland) × 75% – 100% of Willis Netherlands Holdings B.V. (Netherlands) × 75% – 100% of Willis Investment U.K. Holdings Limited × 75% – 100% of Ta 1 Limited × 75% – 100% of Willis Towers Watson Uk Holdings Limited × 75% – 100% of Trinity Acquisition Plc × 75% – 100% of Willis Group Limited × 75% – 100% of Willis North America , Inc × 75% – 100% of Willis Us Holding Company, Llc × 75% – 100% of Towers Watson Delaware Holdings Llc × 75% – 100% of Willis Towers Watson Us Llc × 75% – 100% direct ≈ 3.17% – 100% 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 (6, $15.0B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Willis Towers Watson Group Trust Diversified Equity Fund | Other Private Fund | $3.9B | $1.0M | 39 |
| Willis Towers Watson Group Trust Diversified Credit Fund | Other Private Fund | $3.2B | $1.0M | 63 |
| Willis Towers Watson Group Trust Real Assets Fund | Other Private Fund | $3.2B | $1.0M | 53 |
| Willis Towers Watson Group Trust Global Equity Focus Fund | Other Private Fund | $2.6B | $1.0M | 4 |
| Willis Towers Watson Group Trust Long Credit Fund | Other Private Fund | $1.5B | $1.0M | 31 |
| Wtw Liquid Diversifiers Fund, Ltd | Hedge Fund | $558M | $100K | 16 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (100)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Levlad, Llc Profit Sharing Plan | Levlad, Llc | 0 | $0 | 01/01/2025 |
| The Neiman Marcus Group Llc Retirement Plan | The Neiman Marcus Group Llc | 725 | $330M | 08/01/2024 |
| Hay Benefits Practice Group Pension Plan | Korn Ferry | 10 | $19.4M | 07/01/2024 |
| Battelle Employees' Savings Plan | Battelle Memorial Institute | 8,537 | $3.4B | 07/01/2024 |
| Korn Ferry 401(k) Savings Plan | Korn Ferry | 3,334 | $478M | 05/01/2024 |
| Revspring, Inc. 401(k) Plan | Revspring, Inc. | 859 | $62.2M | 01/01/2024 |
| Air Products & Chemicals, Inc. Retirement Savings Plan | Air Products & Chemicals, Inc. | 6,914 | $2.7B | 01/01/2024 |
| Ameriprise Financial 401(k) Plan | Ameriprise Financial, Inc. | 8,958 | $3.6B | 01/01/2024 |
| Den Mat Holdings, Llc 401(k) Plan | Den Mat Holdings, Llc | 134 | $13.9M | 01/01/2024 |
| Strategic Materials Employee Retirement Plan | Strategic Materials | 576 | $20.5M | 01/01/2024 |
| Retirement Plan For Hospital Employees | Board Of Trustees Retirement Plan For Hospital Employees | 2,043 | $1.2B | 01/01/2024 |
| Arbonne International Llc 401(k) Profit Sharing Plan | Arbonne International Llc | 274 | $34.8M | 01/01/2024 |
| Aeon School 401 (K) Plan | Online Education Platform, Llc | 64 | $13.6M | 01/01/2024 |
| Medquest Associates, Llc 401(k) Plan | Medquest Associates, Llc | 1,120 | $16.7M | 01/01/2024 |
| Young Brothers, Limited Pension Plan | Young Brothers, Llc | 206 | $82.8M | 01/01/2024 |
| Rba Custom Windows 401(k) Plan | Garden State Custom Windows, Llc | 1,591 | $28.8M | 01/01/2024 |
| Banco Santander Usa Offices Retirement Plan | Banco Santander S.A. New York Branch | 61 | $123M | 01/01/2024 |
| Sekisui Aerospace, Inc. 401(k) Retirement Plan | Sekisui Aerospace, Inc. | 690 | $32.4M | 01/01/2024 |
| American Air Liquide Holdings, Inc. Retirement Plan | American Air Liquide Holdings, Inc. | 553 | $446M | 01/01/2024 |
| Management & Training Corporation Retirement Plan | Management & Training Corporation | 7,036 | $198M | 01/01/2024 |
| Upper Peninsula Power Company Retirement Plan | Upper Peninsula Power Company | 50 | $87.3M | 01/01/2024 |
| Wellful, Inc. 401(k) Plan | Nutrisystem Inc. | 438 | $36.6M | 01/01/2024 |
| Visteon Pension Plan | Visteon Corporation | 100 | $485M | 01/01/2024 |
| Insurance Technologies 401(k) Savings Plan | Insurance Technologies, Llc | 177 | $24.7M | 01/01/2024 |
| Iqvia 401(k) Plan | Iqvia Inc. | 19,072 | $3.6B | 01/01/2024 |
Top 25 of 100 plans by assets.
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/21/2026 | 3.71 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
- • Hourly charges
- • Fixed fees
- • Other fees
- • FEE BASED ON A PERCENTAGE OF ASSETS ADVISED ON
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Selection of other advisers
- • Publication of periodicals or newsletters
- • Market timing services
- • Educational seminars/workshops
- • Other services
Custody
Reported custodians
- State Street $8.1B (13% of AUM) May 2026
- Northern Trust $6.8B (11% of AUM) May 2026
- BNY Mellon $6.3B (12% of AUM) Dec 2025
- Sei Trust Co $4.8B (9% of AUM) Dec 2025
- National Financial Services (Fidelity) $141M (0% of AUM) Feb 2022
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: May 21, 2026.
View current Form ADV (SEC/IAPD) ↗