{ "crd_number": 128723, "slug": "tortoise-investment-management-llc-white-plains-ny-128723", "primary_business_name": "TORTOISE INVESTMENT MANAGEMENT, LLC", "legal_name": "TORTOISE INVESTMENT MANAGEMENT, LLC", "dbas": [], "city": "White Plains", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2006-01-13", "years_registered": 20, "period": "2026-10-01", "filing_date": "2026-03-27", "carried_forward": false, "raum_total": 2067860526.0, "raum_discretionary": 2026561632.0, "raum_non_discretionary": 41298894.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 21, "advisory_employees": 16, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "individuals": { "raum": 60690601.0, "count": 144 }, "pension_profit_sharing": { "raum": 1654287.0, "count": null, "fewer_than_5": true }, "high_net_worth_individuals": { "raum": 2005515638.0, "count": 360 } }, "compensation_types": [ "percentage_of_aum" ], "advisory_activities": [ "financial_planning", "portfolio_management_individuals" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CA", "CT", "DC", "FL", "IL", "MA", "MD", "NH", "NJ", "NY", "PA", "TX", "VA", "WA" ], "websites": [ "https://linkedin.com/company/tortoise-investment-management-llc", "https://tortoiseinvestment.com" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/128723", "city_as_filed": "WHITE PLAINS", "url": "https://advisorcensus.com/firm/tortoise-investment-management-llc-white-plains-ny-128723", "display_name": "Tortoise Investment Management, LLC", "summary": "Tortoise Investment Management, LLC is an SEC-registered investment advisory firm in White Plains, NY, registered since 2006, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.", "citation": "AdvisorCensus. Tortoise Investment Management, LLC (CRD 128723): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management" ], "advisory_activity_labels": [ "Financial planning services", "Portfolio management for individuals and/or small businesses" ], "quick_answers": [ { "q": "How is Tortoise Investment Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Tortoise Investment Management, LLC reports these compensation arrangements: a percentage of assets under its management." }, { "q": "Where is Tortoise Investment Management, LLC located?", "a": "Tortoise Investment Management, LLC's principal office is in White Plains, NY, according to its Form ADV." }, { "q": "Is Tortoise Investment Management, LLC registered with the SEC or a state?", "a": "Tortoise Investment Management, LLC is an SEC-registered investment advisory firm, registered since 2006. Status as filed: Approved. CRD 128723." }, { "q": "How much does Tortoise Investment Management, LLC manage?", "a": "Tortoise Investment Management, LLC reports $2,067,860,526 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (98% discretionary)." }, { "q": "How have Tortoise Investment Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Tortoise Investment Management, LLC: Regulatory assets under management: $1,165,603,318 in the October 2021 data and $2,067,860,526 in the October 2026 data, up 77%. Total employees: 18 in October 2021 and 21 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Tortoise Investment Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (360); individuals (other than high net worth individuals) (144)." }, { "q": "Which custodians does Tortoise Investment Management, LLC use?", "a": "Tortoise Investment Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Fidelity Brokerage Services LLC as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Tortoise Investment Management, LLC 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/128723" }, { "q": "Does Tortoise Investment Management, LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 26, 2026 says: \"Although we do not require a minimum account size, our minimum quarterly fee may make a relationship with us inefficient for clients with smaller accounts.\"" }, { "q": "What changed in Tortoise Investment Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $1,731,785,545 to $2,067,860,526 (+19%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1165603318.0, "total_employees": 18, "filing_date": "2021-08-19" }, { "period": "2022-10-01", "regulatory_assets_under_management": 1347052817.0, "total_employees": 19, "filing_date": "2022-04-05" }, { "period": "2023-10-01", "regulatory_assets_under_management": 1236582769.0, "total_employees": 18, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 1461211898.0, "total_employees": 18, "filing_date": "2024-04-01" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1731785545.0, "total_employees": 18, "filing_date": "2025-03-29" }, { "period": "2026-10-01", "regulatory_assets_under_management": 2067860526.0, "total_employees": 21, "filing_date": "2026-03-27" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $1,731,785,545 to $2,067,860,526 (+19%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 26, 2026", "provided_by_the_firm": false, "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "planning_fees": [], "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "Although we do not require a minimum account size, our minimum quarterly fee may make a relationship with us inefficient for clients with smaller accounts." ] } ], "values": { "tiers": [], "range_pct": null, "max_pct": null, "account_minimum": 0.0, "minimum_annual_fee": null, "planning": [] }, "quotes": [ "Although we do not require a minimum account size, our minimum quarterly fee may make a relationship with us inefficient for clients with smaller accounts." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Fidelity Brokerage Services LLC", "name_as_filed": "FIDELITY BROKERAGE SERVICES LLC", "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-investment-management-llc-white-plains-ny-128723.md", "clients": [ { "type": "individuals", "label": "Individuals (other than high net worth individuals)", "count": 144, "fewer_than_5": false, "raum": 60690601.0 }, { "type": "high_net_worth_individuals", "label": "High net worth individuals", "count": 360, "fewer_than_5": false, "raum": 2005515638.0 }, { "type": "pension_profit_sharing", "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)", "count": null, "fewer_than_5": true, "raum": 1654287.0 } ], "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/128723", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }