Interocean Capital Tn, LLC (Chicago)


Interocean Capital Tn, LLC is a large advisory firm based in Chicago. It manages $104.08 million of regulatory assets for 77 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Illinois and Tennessee.

Interocean Capital Tn provides financial planning services, portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, pension consulting services, and selection of other advisers. It prepares financial plans for more than 25 clients. On top of advisory services, the firm doesn't engage in other business activities.

Interocean Capital Tn: assets under management

The assets under management (AUM) of Interocean Capital Tn, LLC is $104.08 million. The firm's AUM has gone down by -5% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $81.44 million in discretionary accounts and $22.64 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.42 million.
Interocean Capital Tn has custody of $1 in cash and securities for 1,991,036 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 60% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 16% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Interocean Capital Tn, LLC for their services and products based on a percentage of assets under management and fixed fees. 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 Interocean Capital Tn serves?

The firm provides services to charitable organizations and high net worth individuals. The largest group of clients of Interocean Capital Tn is high net worth individuals with 23 clients and $53.56 million of assets under management. Among the 11 most similar advisory firms, Interocean Capital Tn has the 3rd lowest percentage of high net worth individuals out of all clients.

The amount of regulatory assets under management is $103.91 million for 30 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.

Interocean Capital Tn doesn't advise any private funds.

Careers at Interocean Capital Tn, LLC

Rege Scott Eisaman has served as the Chief Investment Officer since 1 Oct 2009. Forrest Patrick Sumlar joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Interocean Capital Voting member, manager 1 Oct 2009 25% - 50% 136887
Rege Scott Eisaman Chief investment officer 1 Oct 2009 Other 2402314
Jeffrey Scott Camp Chief financial officer 1 Oct 2009 Other 4295422
Forrest Patrick Sumlar Chief compliance officer 1 Dec 2015 Other 6603003

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Rege Scott Eisaman Chief executive officer, member 1 Nov 2005 25% - 50% 2402314

Based in Chicago

The principal office where Interocean Capital Tn, LLC performs its advisory services is located at 980 N. Michigan Avenue, Chicago, IL 60611, 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 312-648-1720 or by fax 312-269-3060. The normal business hours are 8am - 6pm on Monday - Friday.