{
  "crd_number": 313120,
  "slug": "troluce-capital-advisors-llc-dorado-pr-313120",
  "primary_business_name": "TROLUCE CAPITAL ADVISORS LLC",
  "legal_name": "TROLUCE CAPITAL ADVISORS LLC",
  "dbas": [],
  "city": "Dorado",
  "state": "PR",
  "country": "United States",
  "cbsa_code": "41980",
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2023-04-07",
  "years_registered": 3,
  "period": "2026-10-01",
  "filing_date": "2026-05-04",
  "carried_forward": false,
  "raum_total": 2242396280.0,
  "raum_discretionary": 2242396280.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 5,
  "advisory_employees": 3,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "high_net_worth_individuals": {
      "raum": 148862922.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 2093533358.0,
      "count": 7
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "NY",
    "PR"
  ],
  "websites": [
    "https://linkedin.com/company/troluce-capital-advisors",
    "https://troluce.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/313120",
  "city_as_filed": "DORADO",
  "url": "https://advisorcensus.com/firm/troluce-capital-advisors-llc-dorado-pr-313120",
  "display_name": "Troluce Capital Advisors LLC",
  "summary": "Troluce Capital Advisors LLC is an SEC-registered investment advisory firm in Dorado, PR, registered since 2023, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 4, 2026.",
  "citation": "AdvisorCensus. Troluce Capital Advisors LLC (CRD 313120): 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 pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Troluce Capital Advisors LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Troluce Capital Advisors LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees."
    },
    {
      "q": "How much does Troluce Capital Advisors LLC charge?",
      "a": "Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 1% to 1.75% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is Troluce Capital Advisors LLC located?",
      "a": "Troluce Capital Advisors LLC's principal office is in Dorado, PR, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Troluce Capital Advisors LLC registered with the SEC or a state?",
      "a": "Troluce Capital Advisors LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 313120."
    },
    {
      "q": "How much does Troluce Capital Advisors LLC manage?",
      "a": "Troluce Capital Advisors LLC reports $2,242,396,280 in regulatory assets under management in its Form ADV filing dated May 4, 2026 (100% discretionary)."
    },
    {
      "q": "How have Troluce Capital Advisors LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Troluce Capital Advisors LLC: Regulatory assets under management: $179,668,317 in the October 2021 data and $2,242,396,280 in the October 2026 data, up 1148%. Total employees: 1 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Troluce Capital Advisors LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7)."
    },
    {
      "q": "Which custodians does Troluce Capital Advisors LLC use?",
      "a": "Troluce Capital Advisors LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Jefferies LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Troluce Capital Advisors 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/313120"
    },
    {
      "q": "What changed in Troluce Capital Advisors LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $1,482,034,650 to $2,242,396,280 (+51%). Changed its office addresses in New York, NY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 179668317.0,
      "total_employees": 1,
      "filing_date": "2021-06-09"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 285369810.0,
      "total_employees": 1,
      "filing_date": "2022-03-29"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 238167391.0,
      "total_employees": 4,
      "filing_date": "2023-08-04"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 449380753.0,
      "total_employees": 5,
      "filing_date": "2024-07-16"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1482034650.0,
      "total_employees": 5,
      "filing_date": "2025-07-08"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2242396280.0,
      "total_employees": 5,
      "filing_date": "2026-05-04"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $1,482,034,650 to $2,242,396,280 (+51%).",
        "Changed its office addresses in New York, NY."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 30, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": "1% to 1.75% a year",
    "stated_maximum": null,
    "account_minimum": null,
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: 1% to 1.75% a year (a range, as the brochure states it)"
        ],
        "quotes": [
          "The management fee generally ranges from 1.00% - 1.75%."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": [
        1.0,
        1.75
      ],
      "max_pct": null,
      "account_minimum": null,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "The management fee generally ranges from 1.00% - 1.75%."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Jefferies LLC",
      "name_as_filed": "JEFFERIES 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/troluce-capital-advisors-llc-dorado-pr-313120.md",
  "clients": [
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": null,
      "fewer_than_5": true,
      "raum": 148862922.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 2093533358.0
    }
  ],
  "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/313120",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}