Tortoise Credit Strategies, LLC is a large advisory firm based in Leawood. It manages $3.27 billion of regulatory assets for 596 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Connecticut, and 20 other states.
Tortoise Credit Strategies provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. 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 Credit Strategies, LLC is $3.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4847% since the beginning of its operation, and $413.14 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 Credit Strategies, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Harold Kevin Birzer is pension and profit sharing plans with 32 clients and $1.13 billion of assets under management. Among the 12 most similar advisory firms, Tortoise Credit Strategies has the 3rd highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $3.03 billion for 594 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.
Tortoise Credit Strategies also advises several private funds. Namely, two hedge funds and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.
The company employs 36 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 10 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 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.
Harold Kevin Birzer has been acting as President since 1 Jul 2015. Bradley Jay Beman has served as the Chief Investment Officer since 1 Jan 2018. Gary Paul Henson joined the executive team most recently as the President.
The principal office where Tortoise Credit Strategies, LLC performs its advisory services is located at 11550 Ash Street, Leawood, KS 66211 7811, which is also the mailing address of the firm. An additional office of the firm is in Forest Hills, NY. 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 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at tortoisecredit.com.