{
  "crd_number": 123711,
  "slug": "tortoise-capital-advisors-l-l-c-overland-park-ks-123711",
  "primary_business_name": "TORTOISE CAPITAL ADVISORS, L.L.C.",
  "legal_name": "TORTOISE CAPITAL ADVISORS, L.L.C.",
  "dbas": [
    "TCA ADVISORS"
  ],
  "city": "Overland Park",
  "state": "KS",
  "country": "United States",
  "cbsa_code": "28140",
  "metro": {
    "cbsa_code": "28140",
    "common_name": "Kansas City",
    "msa_name": "Kansas City, MO-KS",
    "path": "/advisors/mo/kansas-city"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2002-11-22",
  "years_registered": 23,
  "period": "2026-10-01",
  "filing_date": "2026-04-30",
  "carried_forward": false,
  "raum_total": 8928633630.0,
  "raum_discretionary": 8928633630.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 34,
  "advisory_employees": 15,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 940936.0,
      "count": 4,
      "description": "PROPRIETARY"
    },
    "charitable": {
      "raum": 127792722.0,
      "count": 10
    },
    "individuals": {
      "raum": 3123695.0,
      "count": 5
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 1913084061.0,
      "count": 14
    },
    "insurance_companies": {
      "raum": 223846534.0,
      "count": 5
    },
    "investment_companies": {
      "raum": 5946083250.0,
      "count": 9
    },
    "pension_profit_sharing": {
      "raum": 0.0,
      "count": 0
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 502869032.0,
      "count": 259
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 210893400.0,
      "count": 38
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "CT",
    "DE",
    "FL",
    "IL",
    "KS",
    "MA",
    "MO",
    "NE",
    "NY",
    "OH",
    "OK",
    "PA",
    "TX"
  ],
  "websites": [
    "https://linkedin.com/company/tortoise-capital",
    "https://tortoiseadvisors.com",
    "https://tortoisecapital.com",
    "https://youtube.com/@TortoiseCapital"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/123711",
  "city_as_filed": "OVERLAND PARK",
  "url": "https://advisorcensus.com/firm/tortoise-capital-advisors-l-l-c-overland-park-ks-123711",
  "display_name": "Tortoise Capital Advisors, L.L.C.",
  "summary": "Tortoise Capital Advisors, L.L.C. is an SEC-registered investment advisory firm in Overland Park, KS, registered since 2002, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.",
  "citation": "AdvisorCensus. Tortoise Capital Advisors, L.L.C. (CRD 123711): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Tortoise Capital Advisors, L.L.C. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Tortoise Capital Advisors, L.L.C. reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "Where is Tortoise Capital Advisors, L.L.C. located?",
      "a": "Tortoise Capital Advisors, L.L.C.'s principal office is in Overland Park, KS, according to its Form ADV."
    },
    {
      "q": "Is Tortoise Capital Advisors, L.L.C. registered with the SEC or a state?",
      "a": "Tortoise Capital Advisors, L.L.C. is an SEC-registered investment advisory firm, registered since 2002. Status as filed: Approved. CRD 123711."
    },
    {
      "q": "How much does Tortoise Capital Advisors, L.L.C. manage?",
      "a": "Tortoise Capital Advisors, L.L.C. reports $8,928,633,630 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary)."
    },
    {
      "q": "How have Tortoise Capital Advisors, L.L.C.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Tortoise Capital Advisors, L.L.C.: Regulatory assets under management: $6,344,484,208 in the October 2021 data and $8,928,633,630 in the October 2026 data, up 41%. Total employees: 91 in October 2021 and 34 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Tortoise Capital Advisors, L.L.C. serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (259); corporations or other businesses not listed above (38); state or municipal government entities (including government pension plans) (14)."
    },
    {
      "q": "Which custodians does Tortoise Capital Advisors, L.L.C. use?",
      "a": "Tortoise Capital Advisors, L.L.C.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust Company, The Bank of New York Mellon and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Tortoise Capital Advisors, L.L.C. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/123711"
    },
    {
      "q": "What changed in Tortoise Capital Advisors, L.L.C.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 19 to 15."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 6344484208.0,
      "total_employees": 91,
      "filing_date": "2021-08-05"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 7095461456.0,
      "total_employees": 85,
      "filing_date": "2022-08-25"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 7253089278.0,
      "total_employees": 71,
      "filing_date": "2023-08-07"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 6906161911.0,
      "total_employees": 54,
      "filing_date": "2024-08-02"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 8444747246.0,
      "total_employees": 36,
      "filing_date": "2025-04-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 8928633630.0,
      "total_employees": 34,
      "filing_date": "2026-04-30"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 19 to 15."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in AZ, GA, IA, LA, NH, NJ, WA."
      ]
    },
    {
      "period": "2025-12-01",
      "period_label": "December 2025",
      "notes": [
        "Registered or notice-filed in CO, DE."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "affiliated": false
    },
    {
      "name": "The Bank of New York Mellon",
      "name_as_filed": "THE BANK OF NEW YORK MELLON",
      "affiliated": false
    },
    {
      "name": "The Northern Trust Company",
      "name_as_filed": "THE NORTHERN TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/tortoise-capital-advisors-l-l-c-overland-park-ks-123711.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 3123695.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 259,
      "fewer_than_5": false,
      "raum": 502869032.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 9,
      "fewer_than_5": false,
      "raum": 5946083250.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 10,
      "fewer_than_5": false,
      "raum": 127792722.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 14,
      "fewer_than_5": false,
      "raum": 1913084061.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 5,
      "fewer_than_5": false,
      "raum": 223846534.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 38,
      "fewer_than_5": false,
      "raum": 210893400.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 4,
      "fewer_than_5": false,
      "raum": 940936.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/123711",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}