Tsp Capital Management Group, LLC (Summit)


Tsp Capital Management Group, LLC is a large advisory firm based in Summit. It manages $278.59 million of regulatory assets for 278 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Florida, Georgia, Illinois, and 7 other states.

Tsp Capital Management Group provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and investment advice to investment club. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tsp Capital Management Group: assets under management

The assets under management (AUM) of Tsp Capital Management Group, LLC is $278.59 million. The firm's AUM has grown by 144% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $275.38 million in discretionary accounts and $3.21 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $997.75 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.6 million.
Tsp Capital Management Group has custody of $278.59 million in cash and securities for 188 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 80% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 9% of the firm’s portfolio. Investments in government bonds form 6% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tsp Capital Management Group, LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tsp Capital Management Group serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of Tsp Capital Management Group is high net worth individuals with 45 clients and $196.76 million of assets under management. Among the 11 most similar advisory firms, Tsp Capital Management Group has the 5th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $270.28 million for 163 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.

Tsp Capital Management Group also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $100,000.

Careers at Tsp Capital Management Group, LLC

The company employs 5 people that are either part- or full-time employees. 40 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
Thomas Stanley Paluck President and senior portfolio manager 1 May 2004 75% - 100% 355780
Barbara Jermak Klepper Chief compliance officer 1 Nov 2004 Other 3062595
Richard Caldwell Wolffe Senior portfolio manager 1 Dec 2004 Other 4546297
Richard C. Wolffe Senior portfolio manager 1 Dec 2004 Other 4546297

Based in Summit

The principal office where Tsp Capital Management Group, LLC performs its advisory services is located at 382 Springfield Avenue, Summit, NJ 07901, 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 908-273-2105 or by fax 908-273-2778. The normal business hours are 9 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at tspcapitalmgt.com.