Tortoise Credit Strategies, LLC (Leawood)


Tortoise Credit Strategies, LLC is a large advisory firm based in Leawood. It manages $3.27 billion of regulatory assets for 596 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Arizona, California, Connecticut, and 20 other states.

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Tortoise Credit Strategies provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, 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.

Tortoise Credit Strategies: assets under management

The assets under management (AUM) of Tortoise Credit Strategies, LLC is $3.27 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4847% since the beginning of its operation, and $413.14 million of the total AUM is attributable to clients outside of the United States.


The firm manages $3.27 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $5.49 million each.

Investments

The firm invests in other assets the most. They account for 41% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 21% of the firm’s portfolio. Investments in government bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tortoise Credit Strategies, LLC 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 Harold Kevin Birzer serves?

The firm provides services to individuals, investment companies, charitable organizations, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Harold Kevin Birzer is pension and profit sharing plans with 32 clients and $1.13 billion of assets under management. Among the 12 most similar advisory firms, Tortoise Credit Strategies has the 3rd highest percentage of pension and profit sharing plans out of all clients.


The amount of regulatory assets under management is $3.03 billion for 594 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 8% of the firm’s clients are foreign persons or businesses.

Tortoise Credit Strategies also advises several private funds. Namely, two hedge funds and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Tortoise Credit Strategies, LLC

The company employs 36 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 10 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 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.

Harold Kevin Birzer has been acting as President since 1 Jul 2015. Bradley Jay Beman has served as the Chief Investment Officer since 1 Jan 2018. Gary Paul Henson joined the executive team most recently as the President.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Connie Jean Savage Chief operating officer 1 Jul 2015 Other 6481188
Harold Kevin Birzer Director 1 Jul 2015 Other 1410255
Gary Paul Henson Director 1 Jul 2015 Other 2130871
Michelle Ross Kelly Director 1 Jul 2015 Other 4131976
Zachary Alan Hamel Director 1 Jul 2015 Other 4520510
Llc Tortoise Investments Member 1 Jul 2015 75% - 100% 27-0904673
Diane Marie Bono Chief compliance officer 1 Jul 2015 Other 5157289
Bradley Jay Beman Director; chief executive officer; chief investment officer 1 Sep 2015 Other 1976291
Llc Tcs Holdings Member 1 Mar 2016 75% - 100% 81-1702878
Jason Rall Chief compliance officer 1 Jun 2016 Other 6034654
Bradley Jay Beman Chief investment officer 1 Jan 2018 Other 1976291
Tortoise Borrower Llc Member 1 Jan 2018 75% - 100% 82-4203481
Matthew Gregory Preston Sallee Director 1 Jan 2018 Other 6193390

Indirect Owners

The SEC currently registers 35 indirect owners.

Name Entity Date acquired Ownership Employer ID
Martin Christopher Bicknell Elected manager 1 Jul 2007 Other 2007121
Llc Bicknell Family Holding Company Member 1 Apr 2008 75% - 100% 26-0534255
Harold Kevin Birzer Director 1 Sep 2009 Other 1410255
Martin Christopher Bicknell Director 1 Sep 2009 Other 2007121
Gary Paul Henson Director 1 Sep 2009 Other 2130871
Llc Mariner Holdings Managing member 1 Jan 2010 75% - 100% 26-2766689
Llc Montage Investments Member 1 Jan 2010 50% - 75% 152607
Lovell Minnick Equity Advisors Iv Lp General partner 1 Jan 2014 Other 46-5104838
Terry Clyde Matlack Director 1 Jan 2015 Other 4603498
Kenneth Peter Malvey Director 1 Jan 2015 Other 4619239
Zachary Alan Hamel Director 1 Jan 2015 Other 4520510
Llc Bicknell Family Holding Company Manager 1 Feb 2015 75% - 100% 26-0534255
Llc Tortoise Investments Member 1 Mar 2016 50% - 75% 27-0904673
Bradley Jay Beman Member; director 1 Mar 2016 Other 1976291
Harold Kevin Birzer Director 1 Mar 2016 Other 1410255
Zachary Alan Hamel Director 1 Mar 2016 Other 4520510
Gary Paul Henson Director 1 Mar 2016 Other 2130871
Michelle Ross Kelly Director 1 Mar 2016 Other 4131976
Harold Kevin Birzer Chief executive officer 1 Jan 2018 Other 1410255
Gary Paul Henson President 1 Jan 2018 Other 2130871
Llc Tortoise Investments Sole member 1 Jan 2018 75% - 100% 27-0904673
Michelle Ross Kelly Chief strategy officer 1 Jan 2018 Other 4131976
Connie Jean Savage Chief operating officer 1 Jan 2018 Other 6481188
Tortoise Parent Holdco Llc Sole member 1 Jan 2018 75% - 100% 82-4180414
Lm Tortoise Holdings Llc Member 1 Jan 2018 50% - 75% 82-3110164
Lm Tortoise Investment Holdings Iv Co Investment Llc Member 1 Jan 2018 50% - 75% 83-3172108
Lm Tortoise Holdings Co Investment Llc Member 1 Jan 2018 25% - 50% 82-3139022
Hcf4 Holdings Llc Member 1 Jan 2018 25% - 50% 81-3059511
Lm Tortoise Investment Holdings Iv Llc Managing member 1 Jan 2018 50% - 75% 82-3071148
Lovell Minnick Equity Partners Iv Lp Member 1 Jan 2018 50% - 75% 46-5097191
Lm Tortoise Investment Holdings Iv A Inc. Member 1 Jan 2018 25% - 50% 82-3057611
Lovell Minnick Equity Partners Iv A Lp Owner 1 Jan 2018 75% - 100% 46-5084347
Robert Myles Belke Director 1 Jan 2018 Other 2287759
Jeffrey Dale Lovell Director 1 Jan 2018 Other 1095362
William Bradford Armstrong Director 1 Jan 2018 Other 5395988

Based in Leawood

The principal office where Tortoise Credit Strategies, LLC performs its advisory services is located at 11550 Ash Street, Leawood, KS 66211 7811, which is also the mailing address of the firm. An additional office of the firm is in Forest Hills, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (913) 981-1020 or by fax (913) 981-1021. The normal business hours are 8:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at tortoisecredit.com.