Torray LLC (Bethesda)

Name: Torray LLC
Address: 7501 Wisconsin Avenue, Bethesda, MD, 20814 6523
Telephone: 301-493-4600

Torray LLC is a large advisory firm based in Bethesda. It manages $945.81 million of regulatory assets for 321 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Connecticut, District of Columbia, and 9 other states.

Torray provides portfolio management for individuals and small businesses, portfolio management for investment companies, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Torray: assets under management

The assets under management (AUM) of Torray LLC is $945.81 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -73% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $945.81 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.95 million each.

Investments

The firm invests in exchange traded securities the most. They account for 94% 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 investment and business development companies form 2% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Torray LLC for their services and products based on a percentage of assets under management. 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 Robert Elliott Torray serves?

The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, and corporations or other businesses. The largest group of clients of Robert Elliott Torray is investment companies with 4 clients and $739.99 million of assets under management. Among the 9 most similar advisory firms, Torray has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $945.81 million for 321 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.

Torray doesn't advise any private funds.

Careers at Torray LLC

The company employs 13 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 7 employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Robert Elliott Torray has been acting as President since 1 Mar 2019. Nicholas Chase Haffenreffer has served as the Chief Investment Officer since 1 Mar 2019. Brian Roland Zaczynski joined the executive team most recently as the Research Analyst, Trader.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Elliott Torray	Chairman and president	1 Sep 2005	Other	4325898
William M Lane	Executive vice president	1 Sep 2005	Other	2098948
Torray Corp	Member	1 Sep 2005	50% - 75%	105817
William M (Mi Only) Lane	Executive vice president	1 Sep 2005	Other	2098948
Douglas Carlton Eby	President	1 Sep 2005	Other	1103726
Torray Robert E & Co Inc	Member	1 Sep 2005	25% - 50%	105818
Inc. Tel Corporation	Member	1 Sep 2005	Other	129583
Sivakumaran Natarajan	Vice president	1 Sep 2005	Other	4543758
Angus Scott Lamond	Vice president	1 Sep 2005	Other	2684219
Fred M. Fialco	Vice president	1 Sep 2005	Other	5042224
Joseph S. Burkhart	Associate vice president	1 Sep 2005	Other	5042815
Robert E Torray Co Inc	Member	1 Sep 2005	50% - 75%	521234567
Wayne Howard Shaner	Vice president	1 Jan 2008	Other	4373203
Shawn Michael Hendon	Vice president	1 Jan 2008	Other	4373187
Fred M. Fialco	Vice president	1 Jan 2010	Other	5042224
Fred M. (Mi Only) Fialco	Vice president	1 Jan 2010	Other	5042224
Nicholas Chase Haffenreffer	Vice president	1 Jul 2010	Other	2854277
Barbara Califf Warder	Chief compliance officer	1 Jul 2010	Other	1122425
Jeffrey Douglas Lent	Portfolio manager	1 Jul 2010	Other	1735135
James David Bailey	Analyst	1 Apr 2012	Other	2963249
Janet Marie Gallagher	Chief compliance officer	1 Mar 2016	Other	6623230
Shawn Michael Hendon	Portfolio manager	1 Jan 2017	Other	4373187
Janet Marie Gallagher	Director of investment operations	1 Jul 2017	Other	6623230
Suzanne Elizabeth Kellogg	Chief compliance officer	1 Jul 2017	Other	4966433
Nicholas Chase Haffenreffer	Chief investment officer	1 Mar 2019	Other	2854277
Robert Elliott Torray	Chairman	1 Mar 2019	25% - 50%	4325898
Shawn Michael Hendon	President	1 Mar 2019	Other	4373187
Brian Roland Zaczynski	Research analyst, trader	1 Apr 2019	Other	7060630

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Elliott Torray	Shareholder	1 May 1972	50% - 75%	4325898
Robert Elliott Torray	Shareholder	1 Dec 1990	50% - 75%	4325898
William M Lane	Shareholder	1 Dec 1990	25% - 50%	2098948
William M (Mi Only) Lane	Shareholder	1 Dec 1990	25% - 50%	2098948
Douglas Carlton Eby	Shareholder	1 Apr 1992	25% - 50%	1103726
Robert Elliott Torray	Shareholder	1 Dec 2003	25% - 50%	4325898
Douglas Carlton Eby	Shareholder	1 Dec 2003	25% - 50%	1103726

Based in Bethesda

The principal office where Torray LLC performs its advisory services is located at 7501 Wisconsin Avenue, Bethesda, MD 20814 6523, which is also the mailing address of the firm. An additional office of the firm is in Madison, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 301-493-4600 or by fax 301-530-0642. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at torray.com.