Tortoise Investment Management, LLC

Tortoise Investment Management, LLC is a New York-based firm established in September 2004 and registered as an investment adviser with the SEC since January 2006. The firm offers customized investment management and financial advice, focusing on risk management, a conservative approach, and tax efficiency. They emphasize the importance of maximizing the probability of having enough money rather than taking unnecessary risks. Tortoise operates as a fiduciary, acting in the best interests of clients, and primarily serves high net-worth individuals and trusts. Clients have discretion over implementing investment decisions and may request advice on various financial matters beyond investment management. The firm charges a fee-only structure based on a percentage of assets under management, with tiered rates depending on the client's relationship size. Tortoise does not charge performance-based fees and does not participate in soft-dollar programs or receive commissions. Clients are provided with periodic account statements and have the option to review their investment objectives and performance regularly. The firm does not vote on client securities and does not solicit fees in advance exceeding $1,200 per client. For further details, clients can contact the Chief Compliance Officer, Michael Mattern.