AdvisorCensus / Financial advisors / California / Oxnard / Tortuga Advisers LLC
Tortuga Advisers LLC
Filed as TORTUGA ADVISERS LLC
Tortuga Advisers LLC is an SEC-registered investment advisory firm in Simi Valley, CA, registered since 2005, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated April 30, 2026.
Quick answers
From the filingHow is Tortuga Advisers LLC compensated?
On its Form ADV (Item 5.E, October 2026), Tortuga Advisers LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).
What does Tortuga Advisers LLC's brochure say about its fees?
Its Form ADV Part 2A brochure dated March 31, 2025 states: Asset-based fee: 0.75% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Tortuga Advisers LLC located?
Tortuga Advisers LLC's principal office is in Simi Valley, CA, according to its Form ADV.
Is Tortuga Advisers LLC registered with the SEC or a state?
Tortuga Advisers LLC is an SEC-registered investment advisory firm, registered since 2005. Status as filed: Approved. CRD 137514.
How much does Tortuga Advisers LLC manage?
Tortuga Advisers LLC reports $563,537,021 in regulatory assets under management in its Form ADV filing dated April 30, 2026 (100% discretionary).
How have Tortuga Advisers LLC's assets and staff changed since 2021?
In the Form ADV data for Tortuga Advisers LLC: Regulatory assets under management: $401,256,637 in the October 2021 data and $563,537,021 in the October 2026 data, up 40%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Tortuga Advisers LLC serve?
By number of clients on Form ADV Item 5.D: high net worth individuals (39); charitable organizations (1).
Does Tortuga Advisers LLC report any disciplinary disclosures?
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/137514
Does Tortuga Advisers LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 31, 2025 says: "The minimum account size is $1,000,000 of assets under management, which typically equates to an annual fee of $$7,500. TORTUGA ADVISERS LLC has the discretion to waive the account minimum."
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Fixed fees (other than subscription fees)
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAsset-based fee: 0.75% of assets a year
The brochure's wording
In general, annual fees are set a 0.75% of assets under management. In addition to complexity, the amount of assets to be managed influences the fee. Client relationships may exist where the fees are higher or lower than the fee schedule above.
Account minimum: $1,000,000 (the brochure says it may be waived or negotiated)
The brochure's wording
The minimum account size is $1,000,000 of assets under management, which typically equates to an annual fee of $$7,500. TORTUGA ADVISERS LLC has the discretion to waive the account minimum.
As stated in the firm's Form ADV Part 2A brochure dated March 31, 2025. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$563,537,021 as of October 2026, filing dated April 30, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2005 (20 years)
- Employees
- Total: 1. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- States registered or notice-filed
-
1 state or jurisdiction
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $563,537,021 | 1 | April 30, 2026 |
| October 2025 | $526,954,973 | 1 | March 31, 2025 |
| October 2024 | $481,647,547 | 1 | March 29, 2024 |
| October 2023 | $468,625,539 | 1 | March 31, 2023 |
| October 2022 | $465,397,652 | 1 | March 30, 2022 |
| October 2021 | $401,256,637 | 1 | April 23, 2021 |
Regulatory assets under management: $401,256,637 in the October 2021 data and $563,537,021 in the October 2026 data, up 40%.
Total employees: 1 in October 2021 and 1 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 monthsNo changes to these filed facts in the last 12 months of filing data.
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.INot reported.
Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Tortuga Advisers LLC (CRD 137514): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/tortuga-advisers-llc-simi-valley-ca-137514