Tortoise Capital Advisors, L.L.C. is a large advisory firm based in Leawood. It manages $14.54 billion of regulatory assets for 936 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdictions of Alabama, Arizona, California, and 35 other states.
Tortoise Capital Advisors, L.L.C provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and model portfolio. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Tortoise Capital Advisors, L.L.C. is $14.54 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 166904% since the beginning of its operation, and $17.99 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Tortoise Capital Advisors, L.L.C. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, state or municipal government entities, and sovereign wealth funds and foreign official institutions. The largest group of clients of Michelle Ross Kelly is investment companies with 10 clients and $7.55 billion of assets under management. Among the 8 most similar advisory firms, Tortoise Capital Advisors, L.L.C has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $14.54 billion for 933 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.
Tortoise Capital Advisors, L.L.C also advises several private funds. Namely, two hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $150,000 to $50,000,000.
The company employs 95 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. 8 employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Michelle Ross Kelly has been acting as President since 1 Jan 2018. Michelle Ross Johnston joined the executive team most recently as the Chief Financial Officer.
The principal office where Tortoise Capital Advisors, L.L.C. performs its advisory services is located at 11550 Ash Street, Suite 300, Leawood, KS 66211 7811, which is also the mailing address of the firm. An additional office of the firm is in Wilton, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (913) 981-1020 or by fax (913) 981-1021. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at tortoiseadvisors.com.