{"url":"https://nivawealth.com/firms/trg-capital-management-146674","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/146674","regulatoryAum":118233904,"crd":"146674","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"4648170","suffix":null,"lastName":"GASPER","firstName":"THOMAS","middleName":"RICHARD"},{"crd":"6125604","suffix":"JR.","lastName":"GERNER","firstName":"GEORGE","middleName":"JOHN"},{"crd":"7361143","suffix":null,"lastName":"Horwedel","firstName":"Matthew","middleName":null},{"crd":"7698798","suffix":null,"lastName":"Longstrom","firstName":"Edward","middleName":null}],"total":4,"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"},"secFileNumber":"801-136816","legalName":"TRG Capital Management Incorporated","displayName":"TRG Capital Management","slug":"trg-capital-management-146674","website":"https://trgcap.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/3798933/admin/dashboard/","founded":null,"organization":"New York corporation","fiscalYearEnd":"December","headquarters":{"street":"8321 Six Forks Road, Suite 103","city":"Raleigh","state":"NC","stateName":"North Carolina","country":"United States","postalCode":"27615"},"tradeNames":[],"registration":{"secApproved":"23 July 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":739632.1627906977,"staff":{"employees":5,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":118233904,"discretionary":118233904,"discretionaryAccounts":388,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":81,"regulatoryAum":18934390},{"label":"High-net-worth individuals","clients":48,"regulatoryAum":76478159},{"label":"Pooled investment vehicles","clients":1,"regulatoryAum":21017426},{"label":"Charitable organizations","clients":1,"regulatoryAum":1803929}],"feePrograms":[{"role":"other","program":"Assets under advisement (held-away accounts)","summary":"Fees generally range from 0.40% to 0.50% of assets, billed quarterly.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055123","versionId":1055123,"submittedOn":"2026-08-17","documentName":"TRG CLIENT BROCHURE CURRENT AS OF 03/01/2025"},{"role":"other","program":"Non-discretionary consulting","summary":"Hourly rate at a maximum of $500 per hour, billed in 15-minute increments, only for consultations that occur.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055123","versionId":1055123,"submittedOn":"2026-08-17","documentName":"TRG CLIENT BROCHURE CURRENT AS OF 03/01/2025"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T13:44:13.816281+00:00","documents":[{"name":"TRG CLIENT BROCHURE CURRENT AS OF 03/01/2025","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055123","versionId":1055123,"submittedOn":"2026-08-17"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":94571732}],"custodyNote":"TRG Capital Management has custody of $18.9M in client assets for 1 client.","otherCustodians":[],"leadership":[{"name":"Thomas Gasper","title":"President, CIO, CCO","crd":"4648170"}],"ownership":[{"label":"Thomas Gasper","detail":"President, cio, cco in the 75% or more ownership band and a control person, since February 2008."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":1},"listedOfficeAddresses":2,"foreignOffices":[],"officesByState":[{"state":"New York","offices":1,"addresses":[{"street":"520 Columbia Drive","city":"Johnson City"}]},{"state":"North Carolina","offices":1,"addresses":[{"street":"8321 Six Forks Road, Suite 103","city":"Raleigh","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"919-239-4163","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Performance-based fees"],"activities":["Portfolio management for individuals and/or small businesses","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":32},{"label":"U.S. government/agency bonds","percent":34},{"label":"U.S. state and local bonds","percent":2},{"label":"Securities issued by registered investment companies or business development companies","percent":27},{"label":"Cash and cash equivalents","percent":5}],"privateFunds":1},"sources":{"adv1FilingDate":"17 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/146674/PDF/146674.pdf","brochureDate":"17 August 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1055123","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 TRG Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does TRG Capital Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does TRG Capital Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does TRG Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does TRG Capital Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns TRG Capital Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does TRG Capital Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact TRG Capital Management?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 17 August 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."}