DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
SEC-registered adviser
Tortoise Capital Advisors, L.L.C.
Latest filing Apr 30, 2026
First filing on the tape Mar 29, 2012 · 53 filings
SEC status approved since Nov 22, 2002
RAUM
$8.9B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
5.7%
$506M individuals and HNW
Advisors
8
registered through the firm on IAPD
RAUM per advisor
$1.1B
derived; firm RAUM over IAPD count
Employees
34
15 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
53 filings and snapshots on the tape
RAUM$8.9B as of Apr 30, 2026
Mar 29, 2012$8.2B then
HNW client RAUM$503M as of Apr 30, 2026
Mar 29, 2018$766M then
State-registered IARs (5.B.3)7 as of Apr 30, 2026
Mar 27, 20135 then
Employees (5.A)34 as of Apr 30, 2026
Mar 27, 201348 then
Private funds1 as of Apr 30, 2026
Mar 30, 20151 then
RAUM +5.7% over the last fiscal year+7.2% a year over threeIARs 4 to 7
Practice profile
derived from the filing of Apr 30, 2026; every figure names its basis
Archetypes, each a printed rule
- PE backed · a Schedule A entity owner at 25 percent or more whose exact legal name is a PE fund vehicle or a classified PE sponsor on the DFX private equity graph
- RAUM per advisor
- $1.1BderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 33derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $1.9MderivedHNW RAUM over HNW clients
- Average account
- $26.0MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 25%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 4.3derivedItem 5.A over advisors
- Advisors per office
- 8.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.7%derivedbetween the last two annual amendments
- Advisor growth, one year
- +75%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -5.4%derived
- Compensation
- percentage of assets, performance-basedreportedItem 5.E
- Advisory activities
- portfolio management for individuals, portfolio management for businesses and institutions, portfolio management for pooled vehicles, portfolio management for investment companiesreportedItem 5.G
- Wrap fee program
- participatesreportedItem 5.I
- Ownership
- a PE fund or sponsor is a 25 percent or greater owner on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- compensates persons for client referrals (8.G.1)
- compensates non-employees for client referrals (8.G.2)
- a related person has custody of client cash (9.B.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- Investment companies$5.9B67%
- State and municipal entities$1.9B21%
- High-net-worth individuals$503M5.6%
- Insurance companies$224M2.5%
- Corporations and businesses$211M2.4%
- Charitable organizations$128M1.4%
- Individuals$3.1M0.0%
- Individual clients
- 5reported
- HNW clients
- 259reported
- Pension plan clients
- 0reported
- Charitable clients
- 10reported
- Accounts
- 344reported
- Financial planning clients
- reported
- Wrap fee programs
- $0 sponsored, $281M managedreported
- Custody of client assets
- noreported
- Compensation
- % of AUM, performancereported
- Class basis
- private_client_share=0.06 fund_share=0.67 institutional_share=0.25 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
8 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| Brian Alan KessensChartered Financial Analyst | Overland Park, Ks | May 15, 2013 | 21 y | 0 |
| James Ryan MickChartered Financial Analyst | Overland Park, Ks | May 15, 2013 | 20 y | 0 |
| Matthew Gregory Preston SalleeChartered Financial Analyst | Overland Park, Ks | May 15, 2013 | 21 y | 0 |
| Robert Joseph Thummel | Overland Park, Ks | Jun 14, 2013 | 22 y | 0 |
| Jacob Dillon Ford | Overland Park, Ks | Oct 17, 2025 | 18 y | 4 |
| Craig Richardson Fisher | Overland Park, Ks | Oct 17, 2025 | 17 y | 2 |
| Alexis Paolantonio Pickard | Overland Park, Ks | Oct 17, 2025 | 21 y | 2 |
| Brett David Wright | Overland Park, Ks | Dec 8, 2025 | 33 y | 4 |
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- Brett Ryan Jergens to Cetera Investment Advisers LLCApr 21, 2020 · Other
Joined, latest
- Brett David Wright from Voya Investment Management Co. LLCDec 8, 2025 · Other
- Brett Ryan Jergens from Searcy Financial Services, Inc.Feb 13, 2018 · Other
Teams: two or more advisors moving together within fourteen days, from one state
- 3 joined from Tortoiseecofin Investments Partners, LLCDec 13, 2023 · Overland Park, Ks · Firm absorbed
Private funds
5 reported on Schedule D 7.B.(1)
| Fund | Type | Gross assets | Owners | First reported |
|---|---|---|---|---|
| US Energy I, LLCno longer reported | Other Private Fund | $108M | 2 | Mar 30, 2016 |
| Tortoise Commingled Mlp Fund, LLC | Other Private Fund | $77.1M | 53 | Mar 30, 2015 |
| Tortoise Direct Opportunities Fund II, LP | Hedge Fund | $8.1M | 65 | Mar 29, 2018 |
| Tortoise Direct Opportunities Fund, LPno longer reported | Hedge Fund | $0 | 0 | Mar 30, 2017 |
| Tortoise Talf Opportunities Fund, LPno longer reported | Hedge Fund | $0 | 0 | Mar 31, 2021 |
Owners and control persons
Schedule A and B, latest filing
- Wayne Brent Behrens · Chief Financial Officercontrolsince 04/2024 · owns less than 5%
- Ibberson Thomas Florence · Chief Executive Officercontrolsince 04/2024 · owns less than 5%
- Scott Jeffrey Kruske · General Counselcontrolsince 04/2024 · owns less than 5%
- Wayne Brent Behrens · Chief Financial Officercontrolsince 04/2024 · owns F of Tortoiseecofin Borrower LLC (Formerly Tortoise Borrower LLC)
- Ibberson Thomas Florence · Chief Executive Officercontrolsince 04/2024 · owns F of Tortoiseecofin Borrower LLC (Formerly Tortoise Borrower LLC)
- Scott Jeffrey Kruske · General Counselcontrolsince 04/2024 · owns F of Tortoiseecofin Borrower LLC (Formerly Tortoise Borrower LLC)
- Marie Diane Bono · Chief Compliance Officersince 06/2006 · owns less than 5%
Entity owners
- Tortoiseecofin Borrower LLC (Formerly Tortoise Borrower LLC) · Managing Memberdirect · owns 75% or more
- Fund IV Ugp LLC · General Partnerindirect · owns F of Lovell Minnick Equity Advisors IV LP
- Hcf4 Holdings LLC · Memberindirect · owns 25% to 50% of Lm Tortoise Holdings Co-Investment LLC
- Lm Tortoise Holdings Co-Investment LLC · Memberindirect · owns 25% to 50% of Lm Tortoise Holdings LLC
- Lm Tortoise Holdings LLC · Memberindirect · owns 50% to 75% of Tortoiseecofin Parent Holdco LLC (Formerly Tortoise Parent Holdco LLC)
- Lm Tortoise Investment Holdings IV Co-Investment LLC · Memberindirect · owns 50% to 75% of Lm Tortoise Holdings LLC
- Lm Tortoise Investment Holdings IV LLC · Managing Memberindirect · owns 50% to 75% of Lm Tortoise Investment Holdings IV Co-Investment LLC
- Lm Tortoise Investment Holdings IV-A Inc. · Memberindirect · owns 25% to 50% of Lm Tortoise Investment Holdings IV LLC
- Lovell Minnick Equity Advisors IV LP · General Partnerindirect · owns F of Lovell Minnick Equity Partners IV LP
- Lovell Minnick Equity Advisors IV LP · General Partnerindirect · owns F of Lovell Minnick Equity Partners IV-A LP
- Lovell Minnick Equity Partners IV LP · Memberindirect · owns 50% to 75% of Lm Tortoise Investment Holdings IV LLC
- Lovell Minnick Equity Partners IV-A LP · Ownerindirect · owns 75% or more of Lm Tortoise Investment Holdings IV-A Inc.
- Lovell Minnick Partners LLC · Managing Memberindirect · owns 75% or more of Fund IV Ugp LLC
- Tortoiseecofin Parent Holdco LLC (Formerly Tortoise Parent Holdco LLC) · Sole Memberindirect · owns 75% or more of Tortoiseecofin Borrower LLC (Formerly Tortoise Borrower LLC)
Related persons
Schedule D 7.A
- Ecofin Advisors Limitedinvestment adviserbanknRAUM $1.4B
- Ecofin Advisors, LLCinvestment advisernRAUM $94.5M
- Ecofin Dsif IV Gp LLCpooled vehicle sponsorn
- Ecofin Ec Gp, LLCpooled vehicle sponsorn
- Ecofin Eta Gp, LLCpooled vehicle sponsorn
- Ecofin Management, LLCpooled vehicle sponsorn
- Tortoise Direct Opportunities Gp II LLCpooled vehicle sponsorn
- Tis Advisorsinvestment adviserbanknRAUM $719M
- Tortoise Management, LLCpooled vehicle sponsorn
- Tortoiseecofin Dsif II Gp, LLCpooled vehicle sponsorn
- Tortoiseecofin Dsif III Gp, LLCpooled vehicle sponsorn
- Tortoiseecofin Eof Gp, LLCpooled vehicle sponsorn
- Tortoiseecofin Municipal Credit Gp, LLCpooled vehicle sponsorn
Advisers that list Tortoise Capital Advisors, L.L.C. as a related person
Office movement
IAPD branch city; joins and departures in 12 months
| Office | Advisors | Joined | Left | Teams out | Forming |
|---|---|---|---|---|---|
| Overland Park, Ks · principal | 8 | 4 | 0 |
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
What changed
consecutive filings, newest first
- Advisory employees · 19 to 15Sep 30, 2025 to Mar 31, 2026
- Charity clients · 12 to 10Sep 30, 2025 to Mar 31, 2026
- Corporate clients · 23 to 38Sep 30, 2025 to Mar 31, 2026
- HNW clients · 279 to 259Sep 30, 2025 to Mar 31, 2026
- Individual clients · 0 to 5Sep 30, 2025 to Mar 31, 2026
- Pooled vehicle clients · 2 to 0Sep 30, 2025 to Mar 31, 2026
- Employees · 36 to 34Sep 30, 2025 to Mar 31, 2026
- State-registered IARs · 4 to 7Sep 30, 2025 to Mar 31, 2026
- Private funds · 2 to 1Sep 30, 2025 to Mar 31, 2026
- Discretionary RAUM · $8.4B to $8.9BSep 30, 2025 to Mar 31, 2026
- HNW RAUM · $613M to $503MSep 30, 2025 to Mar 31, 2026
- Individual RAUM · $0 to $3.1MSep 30, 2025 to Mar 31, 2026
- Pooled vehicle RAUM · $77.1M to $0Sep 30, 2025 to Mar 31, 2026
- RAUM · $8.4B to $8.9BSep 30, 2025 to Mar 31, 2026
- Wrap assets (manager) · $330M to $281MSep 30, 2025 to Mar 31, 2026
- Related adviser · true to falseApr 29, 2025 to Sep 30, 2025
- Related bank · true to falseApr 29, 2025 to Sep 30, 2025
- Accounts · 359 to 344Jan 16, 2025 to Apr 29, 2025
- Advisory employees · 23 to 19Jan 16, 2025 to Apr 29, 2025
- Charity clients · 16 to 12Jan 16, 2025 to Apr 29, 2025
- Corporate clients · 47 to 23Jan 16, 2025 to Apr 29, 2025
- HNW clients · 256 to 279Jan 16, 2025 to Apr 29, 2025
- Individual clients · 3 to 0Jan 16, 2025 to Apr 29, 2025
- Pension plan clients · 1 to 0Jan 16, 2025 to Apr 29, 2025
- Employees · 54 to 36Jan 16, 2025 to Apr 29, 2025
- Financial planning clients · unset to Jan 16, 2025 to Apr 29, 2025
- Discretionary RAUM · $6.9B to $8.4BJan 16, 2025 to Apr 29, 2025
- HNW RAUM · $399M to $613MJan 16, 2025 to Apr 29, 2025
- Individual RAUM · $515,852 to $0Jan 16, 2025 to Apr 29, 2025
- Pension RAUM · $9.4M to $0Jan 16, 2025 to Apr 29, 2025
- Pooled vehicle RAUM · $76.6M to $77.1MJan 16, 2025 to Apr 29, 2025
- RAUM · $6.9B to $8.4BJan 16, 2025 to Apr 29, 2025
- Wrap assets (manager) · $250M to $330MJan 16, 2025 to Apr 29, 2025
- Accounts · 384 to 359Jan 31, 2024 to Mar 30, 2024
- Advisory employees · 32 to 23Jan 31, 2024 to Mar 30, 2024
- BD registered reps · 4 to 0Jan 31, 2024 to Mar 30, 2024
- Charity clients · 13 to 16Jan 31, 2024 to Mar 30, 2024
- Corporate clients · 32 to 47Jan 31, 2024 to Mar 30, 2024
- HNW clients · 284 to 256Jan 31, 2024 to Mar 30, 2024
- Individual clients · 6 to 3Jan 31, 2024 to Mar 30, 2024
Signals
17 dated events
- Gregory Preston Matthew Sallee (Director) no longer on Schedule A of Tortoise Capital Advisors, L.L.C. (listed 2024-01-31, absent 2024-03-30)Mar 30, 2024 · Control person left · inference
- Joseph Robert Thummel (Director) no longer on Schedule A of Tortoise Capital Advisors, L.L.C. (listed 2024-01-31, absent 2024-03-30)Mar 30, 2024 · Control person left · inference
- Ibberson Thomas Florence (Chief Executive Officer) appeared on Schedule A of Tortoise Capital Advisors, L.L.C.Mar 30, 2024 · Control person joined · fact
- Scott Jeffrey Kruske (General Counsel) appeared on Schedule A of Tortoise Capital Advisors, L.L.C.Mar 30, 2024 · Control person joined · fact
- Alan Brian Kessens (Director) no longer on Schedule A of Tortoise Capital Advisors, L.L.C. (listed 2024-01-31, absent 2024-03-30)Mar 30, 2024 · Control person left · inference
- Kevin Harold Birzer (Chief Executive Officer) no longer on Schedule A of Tortoise Capital Advisors, L.L.C. (listed 2024-01-31, absent 2024-03-30)Mar 30, 2024 · Control person left · inference
- Paul Gary Henson (President) no longer on Schedule A of Tortoise Capital Advisors, L.L.C. (listed 2024-01-31, absent 2024-03-30)Mar 30, 2024 · Control person left · inference
- Tortoiseecofin Investments Partners, LLC's advisors moved to Tortoise Capital Advisors, L.L.C. (Overland Park, KS): 3 of 4 registered, on the same dayDec 13, 2023 · Firm absorbed (people side) · derived
- Joseph Robert Thummel (Director) appeared on Schedule A of Tortoise Capital Advisors, L.L.C.Nov 14, 2023 · Control person joined · fact
- Jon Brent Newcomb (Director) no longer on Schedule A of Tortoise Capital Advisors, L.L.C. (listed 2023-08-07, absent 2023-11-14)Nov 14, 2023 · Control person left · inference
- Ross Michelle Johnston (Director) no longer on Schedule A of Tortoise Capital Advisors, L.L.C. (listed 2023-08-07, absent 2023-11-14)Nov 14, 2023 · Control person left · inference
- Wayne Brent Behrens (Director) appeared on Schedule A of Tortoise Capital Advisors, L.L.C.Nov 14, 2023 · Control person joined · fact
- Alan Brian Kessens (Director) appeared on Schedule A of Tortoise Capital Advisors, L.L.C.Nov 14, 2023 · Control person joined · fact
- Tortoise Capital Advisors, L.L.C. reported RAUM $6.3B, down 64% from $17.5B (2021-01-13 to 2021-03-31)Mar 31, 2021 · RAUM change · derived
- Jean Connie Savage (Chief Operating Officer) no longer on Schedule A of Tortoise Capital Advisors, L.L.C. (listed 2019-12-02, absent 2020-01-09)Jan 9, 2020 · Control person left · inference
- Connie Savage (Chief Operating Officer) no longer on Schedule A of Tortoise Capital Advisors, L.L.C. (listed 2019-12-02, absent 2020-01-09)Jan 9, 2020 · Control person left · inference
- Jon Brent Newcomb (Director) appeared on Schedule A of Tortoise Capital Advisors, L.L.C.Mar 29, 2019 · Control person joined · fact
Across DFX
shared identifiers only, never a name match
- Tortoise Capital Advisors, L.L.C. · Independent Sponsorsshared crd · capital_provider
- Tortoise Capital Advisors, L.L.C. · Private Equityshared crd · organization
How to reach
public business contact points only, each with its source
- Firm profile
- linkedin.com/company/tortoise-capitalreportedpublic record, Form ADV, Sep 17, 2026
- Website
- tortoisecapital.comreportedpublic record, Form ADV, Sep 17, 2026
- Principal office phone
- (913) 981-1020reportedpublic record, Form ADV, Apr 30, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
- RAUM per advisor
- $1.1Bderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026