Truvvo Partners LLC (New York)

Name: Truvvo Partners LLC
Address: 1407 Broadway, New York, NY, 10018
Telephone: 212-488-4700

Truvvo Partners LLC is a large advisory firm based in New York. It manages $3.9 billion of regulatory assets for 36 client accounts. It has been registered with the SEC as an adviser since 2019 and has operated in the jurisdictions of Illinois and New York.

Truvvo Partners provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Truvvo Partners: assets under management

The assets under management (AUM) of Truvvo Partners LLC is $3.9 billion. The firm's AUM has grown by 0% since the beginning of its operation, and $36.34 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.25 billion in discretionary accounts and $1.65 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $102.5 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $117.62 million.

Truvvo Partners has custody of $1.67 billion in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 44% of the total AUM. The second-largest asset type is exchange traded securities, which make up 27% of the firm’s portfolio. Investments in cash and cash equivalents form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Truvvo Partners LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Fredrick Randell serves?

The firm provides services to individuals and pooled investment vehicles. The largest group of clients of David Fredrick Randell is individuals with 18 clients and $2.73 billion of assets under management. Among the 6 most similar advisory firms, Truvvo Partners has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $3.42 billion for 33 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 6% of the firm’s clients are foreign persons or businesses.

Truvvo Partners also advises several private funds. Namely, eight other private funds and four private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $10,000,000.

Careers at Truvvo Partners LLC

The company employs 29 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. No 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Fredrick Randell has been acting as President since 1 Jan 2015. Robert Poole Walters joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Casey Dow Whalen Sellers	Chief executive officer / chief investment officer	1 Feb 2007	Other	5294719
Jerome Cedric Antenen	Managing director	1 Nov 2007	Other	5502326
David Fredrick Randell	President	1 Jan 2015	Other	1545303
Alison Jane Rosenzweig	Managing director	1 Jan 2015	Other	4525648
Truvvo Investment Partners Llc	Member	1 Jan 2019	75% - 100%	83-2778203
Robert Poole Walters	Chief compliance officer	1 May 2019	Other	6548619
Caitlin Ann Dunn Reynolds	Chief financial officer	1 May 2019	Other	5377420

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Geoffrey Thomas Boisi	Member	1 Feb 2006	50% - 75%	25064
Richard William Herbst	Member	1 Feb 2006	25% - 50%	830343
Roundtable Managers Llc	Owner	1 Sep 2006	25% - 50%	33-1144496
John Carroll Morrissey	Managing director	1 Oct 2016	Other	5914423
The Dorothy Shea 2017 Wyoming Trust	Member	1 Sep 2017	25% - 50%	35-7181720
The Mary Shea 2017 Wyoming Trust	Member	1 Sep 2017	25% - 50%	35-7181719
The Carolyn Hand Shea 2017 Wyoming Trust	Member	1 Sep 2017	25% - 50%	35-7181718
Roundtable Investment Partners Llc	Member	1 Jan 2019	50% - 75%	75-3158076
Llc Shea Ventures	Member	1 Jan 2019	25% - 50%	95-4735343

Based in New York

The principal office where Truvvo Partners LLC performs its advisory services is located at 1407 Broadway, New York, NY 10018 The mailing address of the firm is 1407 Broadway, New York, NY 10018. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-488-4700 or by fax 646-390-9168. The normal business hours are 8:00 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at truvvo.com.