Transportation Resource Advisors, LLC (Bloomfield Hills)

Name: Transportation Resource Advisors, LLC
Address: 1765 S. Telegraph Road, Bloomfield Hills, MI, 48302
Telephone: 248-648-2358

Transportation Resource Advisors, LLC is a mid-sized advisory firm based in Bloomfield Hills. It manages $74.01 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Michigan and New York.

Transportation Resource Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Transportation Resource Advisors: assets under management

The assets under management (AUM) of Transportation Resource Advisors, LLC is $74.01 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -72% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $74.01 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $74.01 million each.

Transportation Resource Advisors has custody of $74.01 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Transportation Resource Advisors, LLC for their services and products based on 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.

What kind of clients Transportation Resource Advisors serves?

The only and largest group of clients of Transportation Resource Advisors is pooled investment vehicles with 1 clients and $74.01 million of assets under management. Among the 4 most similar advisory firms, Transportation Resource Advisors has the 2nd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $74.01 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Transportation Resource Advisors also advises several private funds. Namely, one private equity fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Transportation Resource Advisors, LLC

The company employs 7 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No 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
Inc. Pcp Holdings	Member	1 Jul 2003	25% - 50%	51-0391976
Llc R.J. Peters & Company	Member	1 Jul 2003	25% - 50%	52-2041872
James Adamson Hislop	Member and managing director	1 Jul 2003	25% - 50%	871656
David Roy Mitchell	Member and managing director	1 Jul 2003	Other	6027558
Karen Ann Hansen	Chief compliance officer	1 Jan 2012	Other	6027559

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Roger Searle Penske	Shareholder	1 Nov 1990	50% - 75%	6028155
Richard James Peters	Member	1 Jun 1997	50% - 75%	6028200
Lisa Mary Peters	Member	1 Jun 1997	50% - 75%	6028201
Penske Corporation	Shareholder	1 Jul 1999	75% - 100%	23-1717338

Based in Bloomfield Hills

The principal office where Transportation Resource Advisors, LLC performs its advisory services is located at 1765 S. Telegraph Road, Bloomfield Hills, MI 48302 The mailing address of the firm is 2555 Telegraph Road, Bloomfield Hills, MI 48304. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 248-648-2358 or by fax 248-648-2105. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at trpfund.com..