# TRP Capital Advisors, LLC

> TRP Capital Advisors, LLC is an SEC-registered investment advisory firm in Birmingham, MI, registered since 2015, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 281098
- Filed as: TRP CAPITAL ADVISORS, LLC
- Also doing business as: TRP CAPITAL PARTNERS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Birmingham, MI
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/281098
- AdvisorCensus page: https://advisorcensus.com/firm/trp-capital-advisors-llc-birmingham-mi-281098

## Quick answers

**How is TRP Capital Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), TRP Capital Advisors, LLC reports these compensation arrangements: performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is TRP Capital Advisors, LLC located?**
TRP Capital Advisors, LLC's principal office is in Birmingham, MI, according to its Form ADV.

**Is TRP Capital Advisors, LLC registered with the SEC or a state?**
TRP Capital Advisors, LLC is an SEC-registered investment advisory firm, registered since 2015. Status as filed: Approved. CRD 281098.

**How much does TRP Capital Advisors, LLC manage?**
TRP Capital Advisors, LLC reports $82,451,086 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (100% discretionary).

**How have TRP Capital Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for TRP Capital Advisors, LLC: Regulatory assets under management: $510,416,526 in the October 2021 data and $82,451,086 in the October 2026 data, down 84%. Total employees: 8 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does TRP Capital Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7).

**Does TRP Capital Advisors, 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/281098

**What changed in TRP Capital Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $94,239,593 to $82,451,086 (-13%).

## From the Form ADV filing

### Compensation (Item 5.E)
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $82,451,086
- Discretionary: $82,451,086
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 7 | $82,451,086 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2015 (10 years)
- Employees: 11 total, 9 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MI
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- trpfund.com
- LinkedIn @trp-capital-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $510,416,526 | 8 | March 24, 2021 |
| October 2022 | $315,748,280 | 9 | March 30, 2022 |
| October 2023 | $375,375,989 | 9 | March 30, 2023 |
| October 2024 | $292,508,110 | 10 | March 28, 2024 |
| October 2025 | $94,239,593 | 11 | March 28, 2025 |
| October 2026 | $82,451,086 | 11 | March 26, 2026 |

Regulatory assets under management: $510,416,526 in the October 2021 data and $82,451,086 in the October 2026 data, down 84%.
Total employees: 8 in October 2021 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $94,239,593 to $82,451,086 (-13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. TRP Capital Advisors, LLC (CRD 281098): Form ADV filing data as of October 2026.