Trumbower Financial Advisors LLC (Bethesda)

Name: Trumbower Financial Advisors LLC
Address: 3 Bethesda Metro Center, Bethesda, MD, 20814 5330
Telephone: 301-215-8340

Trumbower Financial Advisors LLC is a large advisory firm based in Bethesda. It manages $1.17 billion of regulatory assets for 790 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, District of Columbia, Florida, and 6 other states.

Trumbower Financial Advisors provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and publication of newsletters. It prepares financial plans for more than 100 clients. On top of advisory services, the firm doesn't engage in other business activities.

Trumbower Financial Advisors: assets under management

The assets under management (AUM) of Trumbower Financial Advisors LLC is $1.17 billion. The firm's AUM has grown by 946% since the beginning of its operation, and $4.39 million of the total AUM is attributable to clients outside of the United States.

The firm manages $215.93 million in discretionary accounts and $955.71 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $4.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.29 million.

Investments

The firm invests in exchange traded securities the most. They account for 41% of the total AUM. The second-largest asset type is investment and business development companies, which make up 37% of the firm’s portfolio. Investments in cash and cash equivalents form 15% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trumbower Financial Advisors LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Hourly charges are usually charged for consulting work and special projects. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Trumbower Financial Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Trumbower Financial Advisors is high net worth individuals with 132 clients and $1.15 billion of assets under management. Among the 10 most similar advisory firms, Trumbower Financial Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $1.17 billion for 192 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.

Trumbower Financial Advisors doesn't advise any private funds.

Careers at Trumbower Financial Advisors LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. 5 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Victoria Martha Trumbower	Managing member	1 Apr 1996	75% - 100%	2587423
Paul Ernest Raposo	Manager, investment services	1 Jan 1999	Other	2764942
Paul Ernest Raposo	Manager, investment services	1 Jan 2003	Other	2764942
Daniel Jon Trumbower	Chief compliance officer	1 Feb 2003	Other	4487190

Based in Bethesda

The principal office where Trumbower Financial Advisors LLC performs its advisory services is located at 3 Bethesda Metro Center, Bethesda, MD 20814 5330, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 301-215-8340 or by fax 301-215-8345. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at trufinancial.com.