Tzero Advisors, LLC (Wellesley)

Name: Tzero Advisors, LLC
Address: 40 Walnut Street, Wellesley, MA, 02481
Telephone: 877-486-4702

Tzero Advisors, LLC is an internet adviser based in Wellesley. It manages $63 thousand of regulatory assets for 25 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Massachusetts.

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

Tzero Advisors: assets under management

The assets under management (AUM) of Tzero Advisors, LLC is $63 thousand, all of which is managed in discretionary accounts. The firm's AUM has grown by 186% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $63 thousand in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $2.52 thousand each.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Tzero Advisors, LLC for their services and products based on 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.

What kind of clients Tzero Advisors serves?

The only and largest group of clients of Tzero Advisors is high net worth individuals with 10 clients and $51 thousand of assets under management. Among the 3 most similar advisory firms, Tzero Advisors has the highest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $51 thousand for 10 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.

Tzero Advisors doesn't advise any private funds.

Careers at Tzero Advisors, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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.

Inc. Tzero.Com joined the executive team most recently as the Majority Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Jay Morton	Managing member, director & chief executive officer	1 Apr 2012	25% - 50%	2238613
Timothy Michael Kaelin	Member [non-employee]	1 Sep 2014	Other	6027419
James Bernard Craver	Outside chief legal officer and general counsel	1 Nov 2014	Other	823298
Inc. Tzero.Com	Majority owner	1 Jan 2018	50% - 75%	47-2409269
Kevin Patrick Lane	Chief compliance officer	1 Jan 2018	Other	2366019
Robert James Bogart	Chief executive officer	1 Apr 2018	Other	5769217

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Overstock.Com	Majority (81%) shareholder	1 Aug 2015	75% - 100%	87-0634302

Based in Wellesley

The principal office where Tzero Advisors, LLC performs its advisory services is located at 40 Walnut Street, Wellesley, MA 02481, 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 877-486-4702. The normal business hours are 9am-4pm on Monday - Friday. You can find more information about the New York firm at invest.t0advisors.com.