Trustage Investment Management

Registered investment adviser · Madison, WI · CRD #105960

Form ADV data as of 2026-09-01

Regulatory assets

$39.46 billion

Total accounts

349

Employees

Disclosure events

Firm details

Website: https://www.trustage.com/investment-management
Telephone: 6082385851
SEC file number: 801-18140
Most recent Form ADV filing: 2026-03-27
SEC record: View this firm on the SEC's IAPD site

Disciplinary disclosures

This firm reports 2 disclosure questions answered Yes, covering 2 reported events. Form ADV Item 11 covers charges and pending proceedings as well as findings, so a Yes answer is not itself a finding of wrongdoing. The underlying detail is filed with the SEC.

SEC or CFTC found a violation of its regulations or statutes
SEC or CFTC imposed a civil money penalty or a cease-and-desist order

Assets and accounts

Provides continuous and regular supervisory or management services	Yes
Discretionary regulatory assets under management	$36.55 billion
Non-discretionary regulatory assets under management	$2.91 billion
Total regulatory assets under management	$39.46 billion
Discretionary accounts	243
Non-discretionary accounts	106
Total accounts	349
Regulatory assets under management attributable to non-U.S. persons	$0

People

Total employees (excluding clerical)	62
Employees performing investment advisory functions (including research)	41
Employees who are registered representatives of a broker-dealer	1
Employees registered as investment adviser representatives with a state	1
Employees registered as IARs for another investment adviser	1
Employees who are licensed insurance agents	0
Firms or persons who solicit advisory clients on the firm's behalf	0

Custody

Has custody of client cash or bank accounts	No
Has custody of client securities	No
A related person has custody of client cash or bank accounts	No
A related person has custody of client securities	No
The firm acts as a qualified custodian	No
A related person acts as a qualified custodian	No

How the firm is compensated

A percentage of assets under managementFixed fees (other than subscription fees)Other

Advisory services offered

Portfolio management for businesses or institutional clientsPension consulting servicesSelection of other advisers (including private fund managers)

Affiliated related persons

Broker-dealer, municipal securities dealer, or government securities broker or dealerInsurance company or agencyPension consultantSponsor, general partner, or managing member of pooled investment vehicles

Reported conflicts of interest

Form ADV Items 8 asks advisers to disclose arrangements that may create a conflict with client interests. This firm answered Yes to:

Buys or sells for itself securities it also recommends to clients

Client types

Type of client	Clients	Assets
Pension and profit sharing plans (not the participants or government plans)	331	$6.48 billion
Insurance companies	8	$29.89 billion
Corporations or other businesses not listed above	10	$3.09 billion