Tortuga Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Tortuga Wealth Management reports 358 clients. They include 354 high-net-worth individuals and 4 corporations and other businesses. Of its assets, 100.0% ($223M across 604 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $458M. Of its clients, 1% are outside the U.S.
| Client type | Clients | Assets |
|---|---|---|
| High-net-worth individuals | 99% | 99% |
| Corporations and other businesses | 1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| High-net-worth individuals | 354 | $222M | 99.4% | $626K |
| Corporations and other businesses | 4 | $1.29M | 0.6% | $322K |
| Total | 358 | $223M | 100% | $623K |
- Clients
- 354
- Regulatory AUM
- $222M
- AUM share
- 99.4%
- Avg. per client
- $626K
- Clients
- 4
- Regulatory AUM
- $1.29M
- AUM share
- 0.6%
- Avg. per client
- $322K
Total
- Clients
- 358
- Regulatory AUM
- $223M
- AUM share
- 100%
- Avg. per client
- $623K
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 0
Tortuga Wealth Management is paid through a percentage of assets under management, hourly charges and fixed fees (other than subscription fees). The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices one other service, listed under fee details.
Fee details and sources
Other fees
- Financial Planning and Consulting
- Billed hourly, at a maximum of $1,000 an hour, or as a flat fee not exceeding $20,000, set by case-by-case agreement.
Kevin Bidenkap owns 50% to 75% of Tortuga Wealth Management. The leadership team of Tortuga Wealth Management includes President Kevin Bidenkap and Chief Compliance Officer Angela Sheldon. It has 4 employees.
Leadership
Kevin BidenkapPresident
Angela SheldonVice President and Chief Compliance Officer
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 4 employees
- 4 in advisory functions
- 4 state-registered reps
- 4 broker-dealer reps
- 4 insurance agents
- Owns 50% to 75% of Tortuga Wealth Management, Inc.
Kevin Bidenkap
Control person · since May 2010
- Owns 50% to 75% of Tortuga Wealth Management, Inc.
Angela Sheldon
Control person · since May 2010
Tortuga Wealth Management’s regulatory assets grew 2.0× from $109M (March 2022) to $223M (February 2026); clients rose from 297 to 358 and employees were 4 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| February 2026 | $223M | 358 | 4 | 1 |
| February 2025 | $156M | 324 | 4 | 1 |
| March 2024 | $137M | 335 | 4 | 1 |
| March 2023 | $101M | 252 | 4 | 1 |
| March 2022 | $109M | 297 | 4 | 1 |
Besides its headquarters, Tortuga Wealth Management has 0 offices, with 1 listed address in California.
California · 1 listed address
- 1957 Carson Street, Suite 100, TorranceHQ
Other business names
Tortuga Wealth Management has reported 1 other business name to the SEC.
- Tortuga Wealth Management
Contact and registration details
- Legal name
- Tortuga Wealth Management, Inc.
- Headquarters
- 1957 Carson Street, Suite 100, Torrance, CA 90501
- Website
- tortugawealth.com
- Phone
- 310-935-0275
- @tortuga-wealth-management
- SEC file
- 801-124715
- Structure
- California corporation
- Fiscal year end
- December
Tortuga Wealth Management uses LPL Financial ($223M) as custodian for its separately managed accounts. Tortuga Wealth Management has custody of $84.6M in client assets for 267 clients.
- LPL FinancialLPL Financial LLC · Fort Mill, SC · $223M100%
At year end, Tortuga Wealth Management’s separately managed accounts were mostly in funds (50%) and stocks (41%). Its reported 13F holdings for the quarter ended 30 June 2026 total $132M across 135 positions; the largest are Nvidia Corporation (6.9%), Apple Inc. (6.3%) and Alphabet Inc. (5.7%).
What the accounts hold
- Stocks41%
- Exchange-traded equities40%
- Non-exchange-traded equities1%
- Funds50%
- Bonds3%
- U.S. government and agency bonds1%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash6%
Reported 13F holdings
- $132M
- Reported 13F value
- 135
- Positions
- 40.7%
- In the 10 largest
- +23.3%
- Value vs. prior quarter
- Nvidia Corporation6.9%
- Apple Inc.6.3%
- Alphabet Inc. · Cap Stk CL C5.7%
- Microsoft Corp.5.4%
- Mckesson Corp.4.4%
- Amazon Com Inc.3.0%
- State Str SPDR S&P 500 ETF T · TR Unit2.6%
- International Business Machs2.3%
- Amgen Inc.2.0%
- JPMORGAN Chase & CO2.0%
Together, the ten largest are 40.7% of reported value.
How many clients does Tortuga Wealth Management have?
Tortuga Wealth Management has 358 clients and manages $223 million for them, as of February 2026. They include 354 high-net-worth individuals and 4 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 13 February 2026
What services does Tortuga Wealth Management offer?
Tortuga Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Tortuga Wealth Management use?
Tortuga Wealth Management’s separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $223M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 13 February 2026
How many financial advisors does Tortuga Wealth Management have?
Tortuga Wealth Management has 4 investment adviser representatives registered with state securities authorities, out of 4 employees, and 4 perform investment advisory functions. 4 employees are registered representatives of a broker-dealer and 4 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 Tortuga Wealth Management invest in?
At the end of its last fiscal year, Tortuga Wealth Management’s separately managed accounts held 50% registered funds (mutual funds, ETFs, BDCs), 40% exchange-traded equities, 6% cash and equivalents, 1% non-exchange-traded equities, 1% U.S. government and agency bonds, 1% state and local bonds 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 Wealth Management?
Tortuga Wealth Management’s direct owners are Kevin Bidenkap (50% to 75%) and Angela Sheldon (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 13 February 2026
How does Tortuga Wealth Management get paid?
Tortuga Wealth Management is paid through a percentage of assets under management, hourly charges 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
Is Tortuga Wealth Management registered with the SEC?
Yes, Tortuga Wealth Management has been registered with the SEC as an investment adviser since 22 April 2022. Its CRD number is 153737 and its SEC file number is 801-124715.
Source: Form ADV Part 1A, Item 1, filed 13 February 2026; IAPD firm record
How do I contact Tortuga Wealth Management?
Tortuga Wealth Management’s main office is at 1957 Carson Street, Suite 100, Torrance, CA 90501. Its phone number is 310-935-0275. Its website is tortugawealth.com.