Tortoise Credit Strategies, LLC (Leawood)

Name: Tortoise Credit Strategies, LLC
Address: 11550 Ash Street, Leawood, KS, 66211 7811
Telephone: (913) 981-1020

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.

Tortoise Credit Strategies: assets under management

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 firm manages $3.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.49 million each.

Investments

The firm invests in other assets the most. They account for 41% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 21% of the firm’s portfolio. Investments in government bonds form 17% of the total invested assets.

Fees & Commissions

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.

What kind of clients Harold Kevin Birzer serves?

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.

Careers at Tortoise Credit Strategies, LLC

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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Connie Jean Savage	Chief operating officer	1 Jul 2015	Other	6481188
Harold Kevin Birzer	Director	1 Jul 2015	Other	1410255
Gary Paul Henson	Director	1 Jul 2015	Other	2130871
Michelle Ross Kelly	Director	1 Jul 2015	Other	4131976
Zachary Alan Hamel	Director	1 Jul 2015	Other	4520510
Llc Tortoise Investments	Member	1 Jul 2015	75% - 100%	27-0904673
Diane Marie Bono	Chief compliance officer	1 Jul 2015	Other	5157289
Bradley Jay Beman	Director; chief executive officer; chief investment officer	1 Sep 2015	Other	1976291
Llc Tcs Holdings	Member	1 Mar 2016	75% - 100%	81-1702878
Jason Rall	Chief compliance officer	1 Jun 2016	Other	6034654
Bradley Jay Beman	Chief investment officer	1 Jan 2018	Other	1976291
Tortoise Borrower Llc	Member	1 Jan 2018	75% - 100%	82-4203481
Matthew Gregory Preston Sallee	Director	1 Jan 2018	Other	6193390

Indirect Owners

The SEC currently registers 35 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Martin Christopher Bicknell	Elected manager	1 Jul 2007	Other	2007121
Llc Bicknell Family Holding Company	Member	1 Apr 2008	75% - 100%	26-0534255
Harold Kevin Birzer	Director	1 Sep 2009	Other	1410255
Martin Christopher Bicknell	Director	1 Sep 2009	Other	2007121
Gary Paul Henson	Director	1 Sep 2009	Other	2130871
Llc Mariner Holdings	Managing member	1 Jan 2010	75% - 100%	26-2766689
Llc Montage Investments	Member	1 Jan 2010	50% - 75%	152607
Lovell Minnick Equity Advisors Iv Lp	General partner	1 Jan 2014	Other	46-5104838
Terry Clyde Matlack	Director	1 Jan 2015	Other	4603498
Kenneth Peter Malvey	Director	1 Jan 2015	Other	4619239
Zachary Alan Hamel	Director	1 Jan 2015	Other	4520510
Llc Bicknell Family Holding Company	Manager	1 Feb 2015	75% - 100%	26-0534255
Llc Tortoise Investments	Member	1 Mar 2016	50% - 75%	27-0904673
Bradley Jay Beman	Member; director	1 Mar 2016	Other	1976291
Harold Kevin Birzer	Director	1 Mar 2016	Other	1410255
Zachary Alan Hamel	Director	1 Mar 2016	Other	4520510
Gary Paul Henson	Director	1 Mar 2016	Other	2130871
Michelle Ross Kelly	Director	1 Mar 2016	Other	4131976
Harold Kevin Birzer	Chief executive officer	1 Jan 2018	Other	1410255
Gary Paul Henson	President	1 Jan 2018	Other	2130871
Llc Tortoise Investments	Sole member	1 Jan 2018	75% - 100%	27-0904673
Michelle Ross Kelly	Chief strategy officer	1 Jan 2018	Other	4131976
Connie Jean Savage	Chief operating officer	1 Jan 2018	Other	6481188
Tortoise Parent Holdco Llc	Sole member	1 Jan 2018	75% - 100%	82-4180414
Lm Tortoise Holdings Llc	Member	1 Jan 2018	50% - 75%	82-3110164
Lm Tortoise Investment Holdings Iv Co Investment Llc	Member	1 Jan 2018	50% - 75%	83-3172108
Lm Tortoise Holdings Co Investment Llc	Member	1 Jan 2018	25% - 50%	82-3139022
Hcf4 Holdings Llc	Member	1 Jan 2018	25% - 50%	81-3059511
Lm Tortoise Investment Holdings Iv Llc	Managing member	1 Jan 2018	50% - 75%	82-3071148
Lovell Minnick Equity Partners Iv Lp	Member	1 Jan 2018	50% - 75%	46-5097191
Lm Tortoise Investment Holdings Iv A Inc.	Member	1 Jan 2018	25% - 50%	82-3057611
Lovell Minnick Equity Partners Iv A Lp	Owner	1 Jan 2018	75% - 100%	46-5084347
Robert Myles Belke	Director	1 Jan 2018	Other	2287759
Jeffrey Dale Lovell	Director	1 Jan 2018	Other	1095362
William Bradford Armstrong	Director	1 Jan 2018	Other	5395988

Based in Leawood

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.