Torray Investment Partners LLC
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Torray Investment Partners LLC operates as a financial advisor firm located in Bethesda, Maryland. The company administers $581.0 million in total assets throughout 393 customer accounts, making it one of the larger investment advisory firms in the nation by assets under management (AUM). It has a small team, including 4 financial advisors. Torray Investment Partners LLC does not act as a registered broker-dealer, signifying that it cannot buy and sell securities for its clients' and own accounts and instead has to go through a broker-dealer company to do so. Securities are defined as exchangable financial investments such as equities, bonds and options.
Torray Investment Partners LLC oversees the majority of its accounts in a discretionary manner. Discretionary management is a structure in which transaction decisions are made by a portfolio manager without needing the client's permission. The firm also manages one non-discretionary accounts with a total of $3.8 million in assets under management. The firm's average account size is $1.5 million. The typical financial advisor at Torray Investment Partners LLC oversees around 98 client accounts.
The company's central office is at 7501 Wisconsin Avenue, Bethesda, Maryland 20814-6523. It is legally permitted to serve investors throughout 18 U.S. states and territories.
Assets Under Management
Number of Advisors
Torray Investment Partners LLC by the Numbers
Fees for financial advisory services typically vary depending on which service is offered. However, fees billed by the company typically consist of the following fee structure: asset-based. Wrap fee programs, or the practice of bundling services for a single fee, are not provided by Torray Investment Partners LLC.
Offered by 69% of firms
Percentage of AssetsShow Explanation
This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.
Find one of the 21% of firms that offer this fee type
Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.
Find one of the 1% of firms that offer this fee type
Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.
Find one of the 26% of firms that offer this fee type
Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.
Find one of the 0% of firms that offer this fee type
Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.
Find one of the 32% of firms that offer this fee type
Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.
Find one of the 10% of firms that offer this fee type
Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.
Types of Clients
Torray Investment Partners LLC works with a broad range of investors. Torray Investment Partners LLC works with retail investors, high net worth investors, investment companies, charitable organizations and corporations. Out of its 393 accounts, Torray Investment Partners LLC's biggest client is retail investors, but it also manages money for 49 high-net-worth individuals. The SEC defines a high-net-worth individual as an investor who has at least $750,000 in AUM or a net worth of at least $1.50 million or who counts as a "qualified purchaser" (a standard met by having at least $5 million in investments). None of its accounts are represented by non-U.S. persons.
- High-Net-Worth Individuals* - 12.47%
- Other Individuals - 80.41%
- Corporations - 5.85%
- Charitable Organizations - 1.27%
* 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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Torray Investment Partners LLC does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Torray Investment Partners LLC
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