Ttcp Management Services, LLC

CRD#165448
Investment Advisor Firm

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Overview

Ttcp Management Services, LLC is a financial advisory firm located in Minneapolis, Minnesota. Ttcp Management Services, LLC handles $590.2 million in assets over 21 client accounts, making it one of the larger investment advisory firms in the country by assets under management (AUM). It has a small team of 13 employees, all of whom are financial advisors. Ttcp Management Services, 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 firm to do so. Securities are defined as exchangable financial investments such as bonds, equities and options.

Ttcp Management Services, LLC oversees all of its client assets on a discretionary basis. Discretionary management means that a portfolio manager has the discretion to make buy and sell judgments for the client's account without needing to seek client approval. The firm administers an average of $28.1 million in assets for every customer account. The typical advisor at Ttcp Management Services, LLC oversees around two client accounts, making it one of the most individualized advisor firms in the country.

The company's central office is located at 3600 Minnesota Drive, Minneapolis, Minnesota 55435. The company is legally permitted to provide services to investors in the state of Minnesota.

Assets Under Management

$590.2 million

Number of Advisors

13

Fee Structure

Asset-based, Performance-based

Disclosures

No

Office Location

3600 Minnesota Drive
Minneapolis, MN 55435

Ttcp Management Services, LLC by the Numbers

Total Assets Under Management

$590.2 million

National Average: $3.3 billion
Total Number of Employees

13

National Average: 4,943
Total Number of Accounts

21

National Average: 2,522
Average Account Size

$28.1 million

National Average: $1.3 million

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Fee Structure

A financial advisor's fees typically are based on which services the firm provides the client. However, fees billed by the company most likely include the following fee types: asset-based or performance-based. Wrap fee programs, or the practice of bundling services for a single fee, are not offered by the company.

Available

  • Offered by 75% of firms

    Percentage of Assets

    Show 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.

  • Offered by 17% of firms

    Performance-based

    Show Explanation

    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.

Unavailable

  • Find one of the 37% of firms that offer this fee type

    Hourly

    Show Explanation

    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 3% of firms that offer this fee type

    Commissions

    Show Explanation

    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 1% of firms that offer this fee type

    Subscription

    Show Explanation

    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 40% of firms that offer this fee type

    Fixed

    Show Explanation

    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 12% of firms that offer this fee type

    Other

    Show Explanation

    Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

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Types of Clients

The company provides services to pooled investment vehicles. Out of its 21 accounts, Ttcp Management Services, LLC's largest client is pooled investment vehicles. None of the company's accounts are from outside of the U.S.

  • High-Net-Worth Individuals* - 0%
  • Other Individuals - 0%
  • Corporations - 100%
  • 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

Ttcp Management Services, LLC does not have any disclosures.

Please visit its Form ADV for more details.

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This content was compiled from the SEC and FINRA