Tortuga Advisers provides portfolio management for individuals and small businesses.
Tortuga Advisers reports 40 clients. They include 39 high-net-worth individuals and 1 charitable organization. Of its assets, 100.0% ($564M across 40 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 98% | 94% |
| Charitable organizations | 3% | 6% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 39 | $528M | 93.7% | $13.5M |
| Charitable organizations | Fewer than 5 | $35.4M | 6.3% | $35.4M |
| Total | 40 | $564M | 100% | — |
- Clients
- 39
- Regulatory AUM
- $528M
- AUM share
- 93.7%
- Avg. per client
- $13.5M
- Clients
- Fewer than 5
- Regulatory AUM
- $35.4M
- AUM share
- 6.3%
- Avg. per client
- $35.4M
Total
- Clients
- 40
- Regulatory AUM
- $564M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Tortuga Advisers is paid through a percentage of assets under management and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure.
Michael Schaible owns 75% or more of Tortuga Advisers. The leadership team of Tortuga Advisers includes President Michael Schaible. It has 1 employee.
Leadership
- Michael SchaiblePresident
- Michael SchaibleChief Compliance Officer
Staff
- 1 employee
- 1 in advisory functions
- Owns 75% or more of Tortuga Advisers LLC
Michael Schaible
Control person · since October 2005
Tortuga Advisers’ regulatory assets grew from $401M (April 2021) to $564M (April 2026); clients rose from 38 to 40 and employees were 1 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| April 2026 | $564M | 40 | 1 | 1 |
| March 2025 | $527M | 40 | 1 | 1 |
| March 2024 | $482M | 40 | 1 | 1 |
| March 2023 | $469M | 35 | 1 | 1 |
| March 2022 | $465M | 35 | 1 | 1 |
| April 2021 | $401M | 38 | 1 | 1 |
Besides its headquarters, Tortuga Advisers has 0 offices, with 1 listed address in California.
California · 1 listed address
- 2655 First Street, Suite 130, Simi ValleyHQ
Contact and registration details
- Legal name
- Tortuga Advisers LLC
- Headquarters
- 2655 First Street, Suite 130, Simi Valley, CA 93065-3737
- Website
- Not reported
- Phone
- 626-683-2200
- SEC file
- 801-64857
- Structure
- California LLC
- Fiscal year end
- December
Tortuga Advisers has custody of $12.7M in client assets for 4 clients.
At year end, Tortuga Advisers’ separately managed accounts were mostly in stocks (78%) and bonds (16%).
What the accounts hold
- Stocks78%
- Bonds16%
- U.S. government and agency bonds15%
- Investment grade corporate bonds1%
- Cash6%
How many clients does Tortuga Advisers have?
Tortuga Advisers has 40 clients and manages $564 million for them, as of April 2026. They include 39 high-net-worth individuals and 1 charitable organization.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 30 April 2026
What services does Tortuga Advisers offer?
Tortuga Advisers provides portfolio management for individuals and small businesses.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How many financial advisors does Tortuga Advisers have?
Tortuga Advisers has 0 investment adviser representatives registered with state securities authorities, out of 1 employees, and 1 perform investment advisory functions. None are registered representatives of a broker-dealer or 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 Tortuga Advisers invest in?
At the end of its last fiscal year, Tortuga Advisers’ separately managed accounts held 78% exchange-traded equities, 15% U.S. government and agency bonds, 6% cash and equivalents and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Tortuga Advisers?
Tortuga Advisers’ direct owner is Michael Schaible (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 30 April 2026
How does Tortuga Advisers get paid?
Tortuga Advisers 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 Tortuga Advisers?
Tortuga Advisers’ main office is at 2655 First Street, Suite 130, Simi Valley, CA 93065-3737. Its phone number is 626-683-2200.