Tcp Asset Management, LLC (Columbus)

Name: Tcp Asset Management, LLC
Address: 8415 Pulsar Place, Columbus, OH, 43240
Telephone: 614-761-9378

Tcp Asset Management, LLC is a large advisory firm based in Columbus. It manages $192.45 million of regulatory assets for 1,836 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Alabama, Arizona, California, and 10 other states.

Tcp Asset Management provides financial planning services, portfolio management for individuals and small businesses, pension consulting services, and selection of other advisers. It prepares financial plans for more than 250 clients. On top of advisory services, the firm doesn't engage in other business activities.

Tcp Asset Management: assets under management

The assets under management (AUM) of Tcp Asset Management, LLC is $192.45 million. The firm's AUM has grown by 97% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $130.57 million in discretionary accounts and $61.88 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $71.27 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $15.47 million.

Investments

The firm invests in investment and business development companies the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tcp Asset Management, LLC for their services and products based on a percentage of assets under management, hourly charges, and fixed fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tcp Asset Management serves?

The firm provides services to individuals, high net worth individuals, and pension and profit sharing plans. The largest group of clients of Tcp Asset Management is individuals with 957 clients and $124.38 million of assets under management. Among the 8 most similar advisory firms, Tcp Asset Management has the 3rd highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $192.45 million for 965 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Tcp Asset Management doesn't advise any private funds.

Careers at Tcp Asset Management, LLC

The company employs 15 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 15 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joshua Richard Allen	Member, owner, chief compliance officer, and investment advisor representative	1 Nov 2016	50% - 75%	5074710
Phillip Joseph Susi	Member, owner and investment advisor representative	1 Nov 2016	50% - 75%	5109197
Joshua R Allen	Chief compliance officer, owner and investment advisor representative	1 Nov 2016	50% - 75%	5074710

Based in Columbus

The principal office where Tcp Asset Management, LLC performs its advisory services is located at 8415 Pulsar Place, Columbus, OH 43240, which is also the mailing address of the firm. An additional office of the firm is in Phoenix, AZ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 614-761-9378 or by fax 614-441-9945. The normal business hours are 8:00 am - 5:00 pm est on Monday - Friday. You can find more information about the New York firm at tcpasset.com.