{"url":"https://nivawealth.com/firms/tfp-management-313543","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/313543","regulatoryAum":272999277,"crd":"313543","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1338331","suffix":null,"lastName":"ELIZONDO","firstName":"DAVID","middleName":"WAYNE"},{"crd":"3007633","suffix":null,"lastName":"KAMPMANN","firstName":"DRUE","middleName":"SCOTT"},{"crd":"6667578","suffix":null,"lastName":"Stahle","firstName":"Thomas","middleName":"Gerald"}],"total":3,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-04-21","regulatoryAum":0,"clients":0,"employees":2,"offices":1},{"filedOn":"2022-03-30","regulatoryAum":155265453,"clients":408,"employees":3,"offices":1},{"filedOn":"2023-03-29","regulatoryAum":170497318,"clients":485,"employees":3,"offices":1},{"filedOn":"2024-03-08","regulatoryAum":208707000,"clients":830,"employees":3,"offices":1},{"filedOn":"2025-04-29","regulatoryAum":217711655,"clients":573,"employees":4,"offices":1},{"filedOn":"2026-03-26","regulatoryAum":272999277,"clients":660,"employees":4,"offices":1}],"secFileNumber":"801-121243","legalName":"TFP Management, LLC","displayName":"TFP Management","slug":"tfp-management-313543","website":"https://truefinancialpartners.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/105840867","founded":null,"organization":"Iowa limited liability company","fiscalYearEnd":"December","headquarters":{"street":"3475 Utica Ridge Road","city":"Bettendorf","state":"IA","stateName":"Iowa","country":"United States","postalCode":"52722"},"tradeNames":[],"registration":{"secApproved":"17 May 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":413635.2681818182,"staff":{"employees":4,"advisory":3,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":272999277,"discretionary":272999277,"discretionaryAccounts":1566,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":35},"clientTypes":[{"label":"Individuals (other than HNW)","clients":592,"regulatoryAum":153155547},{"label":"High-net-worth individuals","clients":68,"regulatoryAum":119843730}],"feePrograms":[{"role":"main","program":"Investment management","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026752","versionId":1026752,"ratePeriod":"annual","fee_billing":"arrears","submittedOn":"2026-03-26","documentName":"ADV PART 2A - FIRM BROCHURE","fee_rate_low":0.6,"fee_rate_high":1.15,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial Consulting","summary":"Where offered as a separate service, a fixed fee of $100 to $3,000, due on completion of the engagement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026752","versionId":1026752,"submittedOn":"2026-03-26","documentName":"ADV PART 2A - FIRM BROCHURE"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T16:57:37.475619+00:00","documents":[{"name":"ADV PART 2A - FIRM BROCHURE","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026752","versionId":1026752,"submittedOn":"2026-03-26"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"San Francisco, CA","smaAssets":275590000}],"custodyNote":"TFP Management has custody of $156M for 624 clients.","otherCustodians":[],"leadership":[{"name":"David Elizondo","title":"Managing Member/CCO","crd":"1338331"},{"name":"Drue Kampmann","title":"Managing Member","crd":"3007633"}],"ownership":[{"label":"David Elizondo","detail":"Managing member/cco in the 50% to 75% ownership band and a control person, since April 2021."},{"label":"Drue Kampmann","detail":"Managing member in the 50% to 75% ownership band and a control person, since April 2021."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Iowa","offices":1,"addresses":[{"street":"3475 Utica Ridge Road","city":"Bettendorf","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"563-359-8783","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Fixed fees (other than subscription fees)"],"activities":["Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":69},{"label":"Non-exchange-traded equity securities","percent":11},{"label":"Securities issued by registered investment companies or business development companies","percent":17},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":0},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/313543/PDF/313543.pdf","brochureDate":"26 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1026752","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does TFP Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does TFP Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does TFP Management charge?","answer":"TFP Management charges 0.60%–1.15% a year for its Investment management. The fee is billed in arrears and is negotiable.","source":"ADV PART 2A - FIRM BROCHURE, filed 26 March 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does TFP Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does TFP Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does TFP Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns TFP Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does TFP Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact TFP Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}