Tuve Investment Management, Inc. (Waterloo)

Name: Tuve Investment Management, Inc.
Address: 227 East San Marnan Drive, Waterloo, IA, 50702
Telephone: 319-235-0075

Tuve Investment Management, Inc. is a large advisory firm based in Waterloo. It manages $97.93 million of regulatory assets for 1,786 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of Florida, Iowa, Minnesota, Missouri, and Texas.

Tuve Investment Management provides portfolio management for individuals and small businesses. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Tuve Investment Management: assets under management

The assets under management (AUM) of Tuve Investment Management, Inc. is $97.93 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $97.93 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $54.83 thousand each.

Tuve Investment Management has custody of $21.92 million in cash and securities for 234 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 40% of the total AUM. The second-largest asset type is government bonds, which make up 20% of the firm’s portfolio. Investments in state and local bonds form 18% of the total invested assets.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Tuve Investment Management, Inc. for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients John Stanley Tuve serves?

The firm provides services to individuals and high net worth individuals. The largest group of clients of John Stanley Tuve is individuals with 1,339 clients and $73.45 million of assets under management. Among the 3 most similar advisory firms, Tuve Investment Management has the highest percentage of individuals out of all clients.

The amount of regulatory assets under management is $97.93 million for 1,786 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Tuve Investment Management doesn't advise any private funds.

Careers at Tuve Investment Management, Inc.

The company employs 4 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

John Stanley Tuve has been acting as President since 1 Jul 2015. Stanley John Tuve joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Stanley John Tuve	Chief compliance officer	1 Jul 2015	Other	6076863
John Stanley Tuve	President	1 Jul 2015	75% - 100%	1190043

Based in Waterloo

The principal office where Tuve Investment Management, Inc. performs its advisory services is located at 227 East San Marnan Drive, Waterloo, IA 50702, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 319-235-0075 or by fax 319-235-7419. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at tuveinvestments.com.