TRG Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions. The firm advises 1 private fund.
TRG Capital Management reports 131 clients. They include 81 individual clients, 48 high-net-worth individuals and 1 pooled investment vehicle. Of its assets, 100.0% ($118M across 388 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 62% | 16% |
| High-net-worth individuals | 37% | 65% |
| Pooled investment vehicles | <1% | 18% |
| Charitable organizations | <1% | 2% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 81 | $18.9M | 16.0% | $234K |
| High-net-worth individuals | 48 | $76.5M | 64.7% | $1.59M |
| Pooled investment vehicles | 1 | $21M | 17.8% | $21M |
| Charitable organizations | 1 | $1.8M | 1.5% | $1.8M |
| Total | 131 | $118M | 100% | $903K |
- Clients
- 81
- Regulatory AUM
- $18.9M
- AUM share
- 16.0%
- Avg. per client
- $234K
- Clients
- 48
- Regulatory AUM
- $76.5M
- AUM share
- 64.7%
- Avg. per client
- $1.59M
- Clients
- 1
- Regulatory AUM
- $21M
- AUM share
- 17.8%
- Avg. per client
- $21M
- Clients
- 1
- Regulatory AUM
- $1.8M
- AUM share
- 1.5%
- Avg. per client
- $1.8M
Total
- Clients
- 131
- Regulatory AUM
- $118M
- AUM share
- 100%
- Avg. per client
- $903K
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 1
TRG Capital Management is paid through a percentage of assets under management, hourly charges and performance-based fees. The reviewed brochures do not disclose an asset-based fee rate. Read the SEC-filed brochure. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Assets under advisement (held-away accounts)
- Fees generally range from 0.40% to 0.50% of assets, billed quarterly.
- Non-discretionary consulting
- Hourly rate at a maximum of $500 per hour, billed in 15-minute increments, only for consultations that occur.
Thomas Gasper owns 75% or more of TRG Capital Management. The leadership team of TRG Capital Management includes President Thomas Gasper. It has 5 employees, 4 of them in advisory roles.
Leadership
Thomas GasperPresident, CIO, CCO
Investment adviser representatives
4 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 75% or more of TRG Capital Management Incorporated
Thomas Gasper
Control person · since February 2008
Besides its headquarters, TRG Capital Management has 2 offices (1 private residence, listed without an address), with 2 listed addresses in New York and North Carolina.
New York · 1 listed address
- 520 Columbia Drive, Johnson City
North Carolina · 1 listed address
- 8321 Six Forks Road, Suite 103, RaleighHQ
Contact and registration details
- Legal name
- TRG Capital Management Incorporated
- Headquarters
- 8321 Six Forks Road, Suite 103, Raleigh, NC 27615
- Website
- trgcap.com
- Phone
- 919-239-4163
- @3798933
- SEC file
- 801-136816
- Structure
- New York corporation
- Fiscal year end
- December
TRG Capital Management uses Charles Schwab ($94.6M) as custodian for its separately managed accounts. TRG Capital Management has custody of $18.9M in client assets for 1 client.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $94.6M100%
At year end, TRG Capital Management’s separately managed accounts were largely in bonds (36%) and stocks (32%).
What the accounts hold
- Stocks32%
- Funds27%
- Bonds36%
- U.S. government and agency bonds34%
- State and local bonds2%
- Cash5%
How many clients does TRG Capital Management have?
TRG Capital Management has 131 clients and manages $118 million for them, as of August 2026. They include 81 individual clients, 48 high-net-worth individuals and 1 pooled investment vehicle.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 August 2026
What services does TRG Capital Management offer?
TRG Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled vehicles, and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does TRG Capital Management use?
TRG Capital Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $94.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 17 August 2026
How many financial advisors does TRG Capital Management have?
TRG Capital Management has 4 investment adviser representatives registered with state securities authorities, out of 5 employees, and 4 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 TRG Capital Management invest in?
At the end of its last fiscal year, TRG Capital Management’s separately managed accounts held 34% U.S. government and agency bonds, 32% exchange-traded equities, 27% registered funds (mutual funds, ETFs, BDCs), 5% cash and equivalents and 2% state and local bonds. It advises 1 private fund.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns TRG Capital Management?
TRG Capital Management’s direct owner is Thomas Gasper (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 17 August 2026
How does TRG Capital Management get paid?
TRG Capital Management is paid through a percentage of assets under management, hourly charges and performance-based fees. Its Form ADV lists no commissions 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 TRG Capital Management?
TRG Capital Management’s main office is at 8321 Six Forks Road, Suite 103, Raleigh, NC 27615. Its phone number is 919-239-4163. Its website is trgcap.com.