Truvestments Capital LLC is a large advisory firm based in Sarasota. It manages $266.31 million of regulatory assets for 934 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Florida, Illinois, and 4 other states.
Truvestments Capital provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, selection of other advisers, and sub-adviser; family office/wealth planning. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Truvestments Capital LLC is $266.31 million. The firm's AUM has grown by 117% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Truvestments Capital LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed 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, other investment advisers, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Truvestments Capital is high net worth individuals with 87 clients and $130.82 million of assets under management. Among the 7 most similar advisory firms, Truvestments Capital has the 2nd lowest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $266.31 million for 936 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.
Truvestments Capital doesn't advise any private funds.
The company employs 8 people that are either part- or full-time employees. 88 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people 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.
The principal office where Truvestments Capital LLC performs its advisory services is located at 5391 Lakewood Ranch Blvd N, Sarasota, FL 34240, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (941) 753-3814 or by fax 941-755-7055. The normal business hours are 9:00 a.m. - 5:00 p.m on Monday - Friday. You can find more information about the New York firm at skyboxfinancial.com.