TFP Management provides portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
TFP Management reports 660 clients. They include 592 individual clients and 68 high-net-worth individuals. Of its assets, 100.0% ($273M across 1,566 accounts) are managed with discretion. It advised 35 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 90% | 56% |
| High-net-worth individuals | 10% | 44% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 592 | $153M | 56.1% | $259K |
| High-net-worth individuals | 68 | $120M | 43.9% | $1.76M |
| Total | 660 | $273M | 100% | $414K |
- Clients
- 592
- Regulatory AUM
- $153M
- AUM share
- 56.1%
- Avg. per client
- $259K
- Clients
- 68
- Regulatory AUM
- $120M
- AUM share
- 43.9%
- Avg. per client
- $1.76M
Total
- Clients
- 660
- Regulatory AUM
- $273M
- AUM share
- 100%
- Avg. per client
- $414K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 35
- Private funds advised
- 0
TFP Management charges 0.60%–1.15% a year for its Investment management. The fee is billed in arrears and is negotiable. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Consulting
- Where offered as a separate service, a fixed fee of $100 to $3,000, due on completion of the engagement.
David Elizondo owns 50% to 75% of TFP Management. It has 4 employees, 3 of them in advisory roles.
Staff
- 4 employees
- 3 in advisory functions
- 3 state-registered reps
- 3 insurance agents
- Owns 50% to 75% of TFP Management, LLC
David Elizondo
Control person · since April 2021
- Owns 50% to 75% of TFP Management, LLC
Drue Kampmann
Control person · since April 2021
TFP Management’s regulatory assets grew Infinity× from $0 (April 2021) to $273M (March 2026); employees rose from 2 to 4.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $273M | 660 | 4 | 1 |
| Apr 2025April 2025 | $218M | 573 | 4 | 1 |
| Mar 2024March 2024 | $209M | 830 | 3 | 1 |
| Mar 2023March 2023 | $170M | 485 | 3 | 1 |
| Mar 2022March 2022 | $155M | 408 | 3 | 1 |
| Apr 2021April 2021 | $0 | 0 | 2 | 1 |
Besides its headquarters, TFP Management has 0 offices, with 1 listed address in 1 state.
Iowa · 1 listed address
- 3475 Utica Ridge Road, BettendorfHQ
Contact and registration details
- Legal name
- TFP Management, LLC
- Headquarters
- 3475 Utica Ridge Road, Bettendorf, IA 52722
- Website
- truefinancialpartners.com
- Phone
- 563-359-8783
- @105840867
- SEC file
- 801-121243
- Structure
- Iowa LLC
- Fiscal year end
- December
TFP Management’s named custodian for separately managed accounts is Charles Schwab ($276M). TFP Management has custody of $156M for 624 clients.
The filed custodian amounts total more than regulatory assets under management. Each amount is shown as filed.
- Charles SchwabCharles Schwab & Co., Inc. · San Francisco, CA · $276M100%
At year end, TFP Management’s separately managed accounts were mostly in stocks (80%) and funds (17%).
What the accounts hold
- Stocks80%
- Exchange-traded equities69%
- Non-exchange-traded equities11%
- Funds17%
- Cash3%
How many clients does TFP Management have?
TFP Management has 660 clients and manages $273 million for them, as of March 2026. They include 592 individual clients and 68 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026
What services does TFP Management offer?
TFP Management provides portfolio management for individuals and small businesses, pension consulting, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does TFP Management charge?
TFP Management charges 0.60%–1.15% a year for its Investment management. The fee is billed in arrears and is negotiable.
Which custodians does TFP Management use?
TFP Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (San Francisco, CA), with $276M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026
How many financial advisors does TFP Management have?
TFP Management has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 employees are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does TFP Management invest in?
At the end of its last fiscal year, TFP Management’s separately managed accounts held 69% exchange-traded equities, 17% registered funds (mutual funds, ETFs, BDCs), 11% non-exchange-traded equities and 3% cash and equivalents.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns TFP Management?
TFP Management’s direct owners are David Elizondo (50% to 75%) and Drue Kampmann (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 26 March 2026
How does TFP Management get paid?
TFP Management is paid through a percentage of assets under management and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact TFP Management?
TFP Management’s main office is at 3475 Utica Ridge Road, Bettendorf, IA 52722. Its phone number is 563-359-8783. Its website is truefinancialpartners.com.