Topturn Capital, LLC (Monterey)

Name: Topturn Capital, LLC
Address: 30 Ragsdale Drive, Monterey, CA, 93940
Telephone: (831) 324-0481

Topturn Capital, LLC is a large advisory firm based in Monterey. It manages $131.35 million of regulatory assets for 304 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Nevada, and Utah.

Topturn Capital provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It prepares financial plans for more than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Topturn Capital: assets under management

The assets under management (AUM) of Topturn Capital, LLC is $131.35 million. The firm's AUM has grown by 36% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $97.89 million in discretionary accounts and $33.46 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $359.9 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.05 million.

Topturn Capital has custody of $331 thousand in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is investment and business development companies, which make up 25% of the firm’s portfolio. Investments in government bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Topturn Capital, LLC for their services and products based on a percentage of assets under management, fixed fees, 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 Topturn Capital serves?

The firm provides services to individuals, charitable organizations, high net worth individuals, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Topturn Capital is high net worth individuals with 27 clients and $66.01 million of assets under management. Among the 12 most similar advisory firms, Topturn Capital has the 6th lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $131.35 million for 68 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.

Topturn Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Topturn Capital, LLC

The company employs 4 people that are either part- or full-time employees. 50 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.

Daniel Gregory Stewart has served as the Chief Investment Officer since 1 Nov 2009. Danny Nmn Darchuck joined the executive team most recently as the Managing Member/Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Gregory Stewart	Managing member/chief investment officer	1 Nov 2009	50% - 75%	3220485
Danny Nmn Darchuck	Managing member/chief compliance officer	1 Nov 2009	50% - 75%	1241982

Based in Monterey

The principal office where Topturn Capital, LLC performs its advisory services is located at 30 Ragsdale Drive, Monterey, CA 93940, 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 (831) 324-0481 or by fax (831) 324-0505. The normal business hours are 9:00 a.m. - 4:00 p.m. on Monday - Friday. You can find more information about the New York firm at topturncapital.com and its LinkedIn profile.