Truman Capital Advisors, LP (Armonk)


Truman Capital Advisors, LP is a large advisory firm based in Armonk. It manages $1.29 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Florida, New York, Oregon, and Utah.

Truman Capital Advisors provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm also engages as due diligence and real estate oversight.

Truman Capital Advisors: assets under management

The assets under management (AUM) of Truman Capital Advisors, LP is $1.29 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 692% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.29 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $322.63 million each.
Truman Capital Advisors has custody of $1.25 billion in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Truman Capital Advisors, LP for their services and products based on a percentage of assets under management and performance-based 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 Truman Capital Advisors serves?

The only and largest group of clients of Truman Capital Advisors is pooled investment vehicles with 4 clients and $1.29 billion of assets under management. Among the 14 most similar advisory firms, Truman Capital Advisors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.29 billion for 4 clients. None of the firm’s clients are foreign persons or businesses.

Truman Capital Advisors also advises several private funds. Namely, four real estate funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Truman Capital Advisors, LP

The company employs 23 people that are either part- or full-time employees. 26 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 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
Llc Trucap Advisors Limited partner 1 Jun 2008 75% - 100% 87-0674110
Llc Savannah Capital General partner 1 Jun 2008 Other 26-0312103
Doojin Chung Portfolio manager 1 Jun 2008 Other 2792165
Mitchell David Samberg Managing officer 1 Jun 2008 Other 2013169
William Anthony Meeks Chief financial officer 1 Jun 2008 Other 6026749
Caren Lureen Brown Head of asset surveillance 1 Jun 2008 Other 6026849
Caren Lureen Jellesed Head of asset surveillance 1 Jun 2008 Other 6026849
Joseph F Davey Chief compliance officer 1 Jan 2015 Other 1700272

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Mitchell David Samberg Shareholder 1 Sep 2003 75% - 100% 2013169

Based in Armonk

The principal office where Truman Capital Advisors, LP performs its advisory services is located at 200 Business Park Drive, Armonk, NY 10504, which is also the mailing address of the firm. An additional office of the firm is in Portland, OR. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 914-730-7000 or by fax 914-730-3028. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at trumancapital.com.