T
Tuma Financial, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$51,393,363
Total clients
34
79% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
34
Average account size
$1,511,570
About
Tuma Financial, LLC provides ongoing portfolio management and financial planning primarily to individual and high-net-worth clients. The firm prepares an Investment Policy Statement for each client and advises across mutual funds, equities, fixed income, ETFs (including precious metal ETFs), real estate funds, annuities and options.
The firm generally manages accounts on a discretionary basis and uses fundamental analysis and modern portfolio theory as the basis for asset allocation and security selection, combining long-term strategies with options trading (including covered, uncovered and spreading strategies). Risk tolerances are documented in each client’s IPS, accounts are reviewed at least quarterly, and the firm states a policy of seeking fair and equitable allocation of investment opportunities among clients.
What is distinctive about the firm is that its principal also practices as an accountant and may provide accounting services outside the advisory business — a relationship the brochure identifies as a potential conflict of interest and is uncommon among peers. The firm manages roughly $44.6 million for 33 clients, requires custody at Schwab Institutional, and discloses that it does not aggregate trades for multiple clients, combining a relatively high AUM-per-client concentration with trading and custody practices clients should review.
Client services
Financial planning
Portfolio management
Expertise
Options & derivatives strategies
Real estate investing
Annuities
Fee options
$0 - $1,000,000: 0.70% $1,000,000 - $2,000,000: 0.60% $2,000,000 - $3,000,000: 0.50% $3,000,000+: 0.40%
$200 per hour
Main office location
Tuma Financial, LLC
Marriottsville MD, United States
Number of offices
1
Most active in
Tuma Financial, LLC has reported serving >5 clients in these states in the last 12 months.
Maryland
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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