True North Advisors, LLC is a large advisory firm based in Dallas. It manages $1.39 billion of regulatory assets for 3,011 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Arizona, California, Colorado, and 10 other states.
True North Advisors provides financial planning services, portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of True North Advisors, LLC is $1.39 billion. The firm's AUM has grown by 576% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay True North Advisors, LLC for their services and products based on a percentage of assets under management and fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to individuals, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of True North Advisors is high net worth individuals with 281 clients and $1.21 billion of assets under management. Among the 9 most similar advisory firms, True North Advisors has the 4th highest percentage of high net worth individuals out of all clients.
The amount of regulatory assets under management is $1.39 billion for 561 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.
True North Advisors also advises several private funds. Namely, three hedge funds, four real estate funds, three other private funds, and one venture capital fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.
The company employs 24 people that are either part- or full-time employees. 46 percent of the employees work as investment advisers or researchers. 11 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where True North Advisors, LLC performs its advisory services is located at 3131 Turtle Creek, Dallas, TX 75219, which is also the mailing address of the firm. An additional office of the firm is in Fort Worth, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 214-360-7300 or by fax 214-360-7301. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at truenorthadvisors.com.