Tortoise Capital Advisors, L.L.C
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Learn more about Tortoise Capital Advisors, L.L.C
Overview
Tortoise Capital Advisors, L.L.C is a financial advisor company headquartered in Leawood, Kansas. The firm oversees $7.3 billion in assets under management across 384 accounts, placing it among the largest financial advisory firms in the nation by assets under management (AUM). The company has an average-sized team, including 32 financial advisors. Tortoise Capital Advisors, L.L.C does not act as a registered broker-dealer, signifying that the firm 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 defined as exchangable financial investments such as stocks, options and bonds.
Tortoise Capital Advisors, L.L.C administers all of the firm's client assets in a discretionary manner. Discretionary management means that transaction choices for the client's account are made by an investment advisor without requiring client consent. The company's average account size is $18.9 million. An average financial advisor at Tortoise Capital Advisors, L.L.C oversees about 12 client accounts, making it one of the more individualized firms in the country.
The firm's main office is at 6363 College Boulevard, Leawood, Kansas 66211-1938. The firm is registered to serve customers throughout 20 U.S. states and territories.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Tortoise Capital Advisors, L.L.C by the Numbers
$7.3 billion
71
384
$18.9 million
Fee Structure
Fees charged by financial advisors are based on which services the firm provides the client. However, fee types billed by the company may include the following fee structures: asset-based or performance-based. The company participates in a wrap fee program, in which the firm offers a service bundle for a single fee.
Available
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Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
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 0% of firms that offer this fee type
Subscription
-
Find one of the 32% of firms that offer this fee type
Fixed
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Find one of the 10% of firms that offer this fee type
Other
Types of Clients
Tortoise Capital Advisors, L.L.C works with a number of different clients. Tortoise Capital Advisors, L.L.C caters to retail investors, high net worth investors, investment companies, pooled investment vehicles, pension plans, charitable organizations, state or municipal government entities, insurance companies, corporations and other. Out of its 384 accounts, Tortoise Capital Advisors, L.L.C's largest client group is high net worth investors, though it also caters to 284 high-net-worth individuals. The SEC defines a high-net-worth individual as an individual who has at least $750,000 under management or a net worth of more than $1.50 million or who is considered 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* - 73.96%
- Other Individuals - 1.56%
- Corporations - 21.09%
- Charitable Organizations - 3.39%
* 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
Tortoise Capital Advisors, L.L.C does not have any disclosures.
Please visit its Form ADV for more details.
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Financial Advisors at Tortoise Capital Advisors, L.L.C
Leawood, KS
Leawood, KS
Leawood, KS
Leawood, KS
Leawood, KS
Leawood, KS
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