SEC-registered firm
Registration does not mean the SEC approves or recommends the firm, and it does not imply a certain level of skill or training.
Tortoise Capital Advisors, L.L.C.
Overland Park, KS
CRD 123711
Firm filing updated April 30, 2026 ·
- $8.9BAssets
- 344Clients
- 15Advisory staff
- 344Accounts
Fees and minimums
All fee types on the form
- Percentage of assets under managementYes
- Performance-based feesYes
- Hourly chargesNo
- Fixed feesNo
- Subscription fees (for a newsletter or periodical)No
- CommissionsNo
- OtherNo
Who the firm serves
- High net worth individuals259
- Corporations or other businesses38
- State or municipal government entities (including government pension plans)14
- Charities10
- Investment companies9
- and 2 more10
See the client table
| Client type | Approximate number of clients | Assets |
|---|---|---|
| Individuals (other than high net worth) | 5 | $3.1 million |
| High net worth individuals | 259 | $502.9 million |
| Investment companies | 9 | $5.9 billion |
| Charitable organizations | 10 | $127.8 million |
| State or municipal government entities (including government pension plans) | 14 | $1.9 billion |
| Insurance companies | 5 | $223.8 million |
| Corporations or other businesses not listed above | 38 | $210.9 million |
| Other: "PROPRIETARY" | 4 | $940,936 |
What the client labels mean
Here, "individuals" includes trusts, estates, and IRAs of individuals. A "high net worth individual" is a qualified client or qualified purchaser.
Services
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
See all 4 services
- Portfolio management for businesses (other than small businesses) or institutional clients
- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients
Assets and accounts
- Regulatory assets$8.9 billion
- Accounts344
- DiscretionaryAll accounts
People
- Employees34
- Advisory staff15
- Broker-dealer reps0
- Licensed insurance agents0
Advisors
6 advisors with a profile on Advisable
Listed A to Z by last name. Not a ranking.
Registration details
- SEC-registered investment advisor. CRD 123711, SEC file 801-61622.
- Registered with the SEC as an investment advisor (status date on record: November 22, 2002).
Is Tortoise Capital Advisors, L.L.C. a fiduciary?
Short answer: Tortoise Capital Advisors, L.L.C. is registered with the SEC as an investment advisor.
More detail
The SEC put it this way in 2019: 'Under federal law, an investment adviser is a fiduciary.'
The firm does not report commissions, a broker-dealer role, a related broker-dealer, or staff who are broker-dealer representatives.
The firm's Form CRS explains its services, fees and conflicts in plain language: Form CRS.
About this data
Informational only. Advisable Finance is not an investment advisor, does not give investment advice, and does not endorse any advisor.