Trustage Investment Management

CRD#105960
Investment Advisor Firm

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Learn more about Trustage Investment Management

  • Overview
  • By the Numbers
  • Products and Services
  • Fee Structure
  • Types of Clients
  • Disclosures
  • State Registrations
  • Office Locations
  • Firm Advisors

    • Overview

    Trustage Investment Management is located at 5910 Mineral Point Rd, Madison, WI. The firm employs 43 financial advisors to manage client portfolios and provide financial guidance. Trustage Investment Management is not a registered broker-dealer.

    Trustage Investment Management oversees $35.5 billion in assets under management across 350 accounts, of which 234 are discretionary and 116 are non-discretionary. The services offered include portfolio management for institutional clients, pension consulting services, and selection of other advisers. The firm caters to pension plans, insurance companies, and corporations, with pension plans being the largest client type by accounts. The fee structure at Trustage Investment Management includes asset-based, fixed, and other fees. The firm maintains affiliations with a broker-dealer or securities dealer, an insurance company or agency, and a pension consultant.

    Trustage Investment Management is registered in the states of Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, and Wisconsin.

    Assets Under Management

    $35.5 billion

    Number of Advisors

    43

    Disclosures

    No

    Office Location

    5910 Mineral Point Rd
    Madison, WI 53705

    Trustage Investment Management by the Numbers

    Total Assets Under Management

    $35.5 billion

    National Average: $8.6 billion
    Total Number of Employees

    64

    National Average: 64
    Total Number of Accounts

    350

    National Average: 375,227
    Average Account Size

    $101.3 million

    National Average: $23.0 thousand
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    Products and Services

    Trustage Investment Management offers a variety of financial services, which can consist of portfolio management for institutional clients, pension consulting services, and selection of other advisers. However, Trustage Investment Management did not provide financial planning services to any of its accounts in the last fiscal year. The Company is not involved in selling products or offering services aside from investment advice to its investment advisory accounts.

    Core Advisor Services

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      Financial Planning Services

      This is the process of planning for your financial future, including for events such as retirement, your child's college education or estate succession.

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      Portfolio Management

      This is the selection and management of an investment mix and portfolio strategy for individuals and small businesses.

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      Market Timing Services

      This is the practice of attempting to make short-term profits on investments by buying low and selling high.

    Other Services

    • Offered by 20% of firms

      Selection of Other Advisors

      This is the firm's assistance with choosing other advisors to work with who may have different specialties.

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      Publication of Periodicals

      This is the publication of various financial education materials.

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      Educational Seminars/Workshops

      This is the hosting of seminars or workshops to educate investors on financial concepts.

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    Fee Structure

    A financial advisor's fees typically vary depending on which services the firm provides the client. Fees charged by Trustage Investment Management likely include any combination of the following fee types: asset-based, fixed, or other.

    Available

    • Offered by 69% 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 32% of firms

      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.

    • Offered by 10% of firms

      Other

      Show Explanation

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

    Unavailable

    • Find one of the 21% 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 1% 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 26% of firms that offer this fee type

      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.

    • Find one of the 0% 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.

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    Types of Clients

    It caters to pension plans, insurance companies, and corporations. Out of its 3 clients, Trustage Investment Management's biggest client type by number of accounts is insurance companies.

    • 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

    Trustage Investment Management does not have any disclosures.

    Please visit its Form ADV for more details.

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    Financial Advisors at Trustage Investment Management

    Juan Schmelzle
    Madison, WI
    George Manning
    Madison, WI
    Elliott Shipp
    Madison, WI
    Tracy New
    Chesterfield, VA
    Yvette Ferris
    Madison, WI
    David Abuaf
    Madison, WI
    Anthony Potthast
    Madison, WI
    Michael Smith
    Madison, WI
    Darrell Pacheco
    Charlottesville, VA

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