Tortuga Advisers LLC
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Overview
Tortuga Advisers LLC operates as a financial advisor firm located in Simi Valley, California. The firm manages $468.6 million in assets under management across 35 customer accounts, making it one of the larger financial advisory firms in the United States by assets under management (AUM). It has a small group, including 1 financial advisor. Tortuga Advisers LLC does not act as a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its clients' and instead is required to go through a broker-dealer company to do so. Securities are tradable financial assets like bonds, equities and options.
Tortuga Advisers LLC oversees two of the company's client assets in a discretionary manner. Discretionary management means that an investment advisor makes buy and sell judgments without requiring client permission. Tortuga Advisers LLC also oversees 33 non-discretionary accounts totaling $398.0 million in AUM. The company administers an average of $13.4 million in assets for each account. An average financial advisor at Tortuga Advisers LLC oversees around 35 client accounts, making it about average in terms of personalization.
The company's main office is located at 2655 First Street, Simi Valley, California 93065. The firm is legally allowed to serve clients in the state of California.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Tortuga Advisers LLC by the Numbers
$468.6 million
1
35
$13.4 million
Fee Structure
A financial advisor's fees largely vary depending on the financial services offered. Fee types billed by Tortuga Advisers LLC can be comprised of the following fee structures: asset-based or fixed. Tortuga Advisers LLC does not supply a wrap fee program, in which the company offers a bundle of services for a single fee.
Available
-
Offered by 69% of firms
Percentage of Assets
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Offered by 32% of firms
Fixed
Unavailable
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Find one of the 21% of firms that offer this fee type
Hourly
-
Find one of the 1% of firms that offer this fee type
Commissions
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Find one of the 26% of firms that offer this fee type
Performance-based
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Find one of the 0% of firms that offer this fee type
Subscription
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
The firm caters to high net worth investors. Out of its 35 clients, Tortuga Advisers LLC's biggest client type by number of accounts is high net worth investors, although it also manages money for 35 high-net-worth individuals. A high-net-worth individual is defined by the SEC as a person who has at least $750,000 in AUM or a net worth of more than $1.50 million or who is deemed a "qualified purchaser" (a standard met by having at least $5 million in investments). None of the firm's customers are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 100%
- Other Individuals - 0%
- Corporations - 0%
- Charitable Organizations - 0%
* The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.
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Disclosures
Tortuga Advisers LLC does not have any disclosures.
Please visit its Form ADV for more details.
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