Torrey Growth & Income Advisors, LLC (Del Mar)

Torrey Growth & Income Advisors, LLC is a large advisory firm based in Del Mar. It manages $192.07 million of regulatory assets for 400 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of California.

Torrey Growth & Income Advisors provides portfolio management for individuals and small businesses and investment consulting. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Torrey Growth & Income Advisors: assets under management

The assets under management (AUM) of Torrey Growth & Income Advisors, LLC is $192.07 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 23% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $192.07 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $480.17 thousand each.

Torrey Growth & Income Advisors has custody of $192.07 million in cash and securities for 135 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 88% of the total AUM. The second-largest asset type is other assets, which make up 5% of the firm’s portfolio. Investments in derivatives form 5% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Torrey Growth & Income Advisors, 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 Torrey Growth & Income Advisors serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of Torrey Growth & Income Advisors is high net worth individuals with 35 clients and $137.18 million of assets under management. Among the 10 most similar advisory firms, Torrey Growth & Income Advisors has the 5th highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $192.07 million for 135 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.

Torrey Growth & Income Advisors doesn't advise any private funds.

Careers at Torrey Growth & Income Advisors, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. 2 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
Daniel Adam Bernstein	Managing member / chief compliance officer	1 Mar 2006	75% - 100%	2531346
George Robert Hoover	Managing member	1 May 2006	50% - 75%	249770
George Richard Hoover	Managing member / chief compliance officer	1 May 2006	50% - 75%	1989377

Based in Del Mar

The principal office where Torrey Growth & Income Advisors, LLC performs its advisory services is located at 1233 Camino Del Mar, Del Mar, CA 92014, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 760-274-2744 or by fax 760-274-2734. The normal business hours are 6:30 am to 1:30 pm on Monday - Friday.