Overview
OWNERSHIP/ADVISORY HISTORY
TFP Management, LLC (“We”) was formed as an Iowa Limited Liability Company in May 2009. We
became registered as an investment adviser with the Securities and Exchange Commissions in
April 2021. Our managing members are David Elizondo and Drue Kampmann with David Elizondo
as the Chief Compliance Officer. Additional information about Mr. Elizondo and Mr. Kampmann
can be found under Item 19 along with their attached brochure supplements.
ADVISORY SERVICES OFFERED
INVESTMENT MANAGEMENT
Our investment management services include complimentary financial planning. Through a
series of personal interviews, we will collect pertinent data, identify goals, objectives, financial
problems, and potential solutions. With this information we tailor the advice we give to you. Our
advice may cover any of the following topics: net worth statement; cash flow analysis; tax
analysis; insurance and long-term care analysis; tax planning; retirement projections; 401k
review; other needs as identified during our meetings with you. Following our meetings and once
you are satisfied with our recommendations, we will enter into an agreement and begin
managing your account(s). We will create and manage your individualized portfolio by using our
proprietary model portfolios or customized portfolios that meet your investment needs. We will
request discretionary authority from you in order to select the securities and execute
transactions without prior permission from you. We base our recommendation on a variety of
factors including, but not limited to, performance risk, fees, tax efficiency or different investment
strategies, as well as your input and preferences regarding the strategies.
USE OF SUB-ADVISER SERVICES
When deemed appropriate,
we recommend the services of a sub-adviser to manage some or all
of your assets on a discretionary basis. In these situations, we provide consulting and advisory
services in overseeing such sub-advisers. We make recommendations regarding the use of a sub-
adviser and their investment style based on, but not limited to, your financial needs, long-term
goals, and investment objectives.
The sub-adviser offers multiple investment strategies. Once a sub-adviser is selected, we
continue to monitor them to ensure that they adhere to the philosophy and investment style for
which they were selected. We will retain discretionary authority to hire and fire the sub-adviser
and, when necessary, reallocate your assets to a new sub-adviser. A complete description of the
sub-adviser’s services and fees will be disclosed in the sub-adviser’s Form ADV Part 2A or
equivalent brochure which will be provided to you.
RETIREMENT PLAN CONSULTING
For retirement plan accounts, we provide any of the following ERISA non-fiduciary services:
Education Services to Plan Committee; Participant Education Services; Plan Search Support;
Review of Fiduciary Liability Insurance Coverage; Monitoring of Qualified Fiduciary; or Participant
Advice. Please note that we do not provide ERISA Section 3(21) or 3(38) fiduciary services.
TFP Management, LLC Page 5 ADV Part 2A – 03/08/2024
TAILORED SERVICES
The goals and objectives for each client are documented before any investing takes place. Clients
may impose restrictions on investing in certain securities or types of securities.
WRAP PROGRAM
We do not sponsor a wrap program.
CLIENT ASSETS MANAGED
As of January 30, 2024, we manage $185,907,000 in discretionary assets and have $22,800,000
in assets under advisement.