Calder Investment Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and publishing newsletters. Financial planning was provided to 26–50 clients last fiscal year.
Calder Investment Advisors reports 544 clients. They include 463 individual clients, 48 high-net-worth individuals, and 30 pension and profit-sharing plans. Of its assets, 100.0% ($297M across 1,831 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 85% | 18% |
| High-net-worth individuals | 9% | 41% |
| Pension and profit-sharing plans | 6% | 40% |
| Charitable organizations | <1% | <1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 463 | $54.4M | 18.3% | $117K |
| High-net-worth individuals | 48 | $123M | 41.4% | $2.56M |
| Pension and profit-sharing plans | 30 | $119M | 40.1% | $3.97M |
| Charitable organizations | Fewer than 5 | $600K | 0.2% | $200K |
| Total | 544 | $297M | 100% | — |
- Clients
- 463
- Regulatory AUM
- $54.4M
- AUM share
- 18.3%
- Avg. per client
- $117K
- Clients
- 48
- Regulatory AUM
- $123M
- AUM share
- 41.4%
- Avg. per client
- $2.56M
- Clients
- 30
- Regulatory AUM
- $119M
- AUM share
- 40.1%
- Avg. per client
- $3.97M
- Clients
- Fewer than 5
- Regulatory AUM
- $600K
- AUM share
- 0.2%
- Avg. per client
- $200K
Total
- Clients
- 544
- Regulatory AUM
- $297M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 0
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 26–50
Calder Investment Advisors charges 0.40%–1.00% a year for its Investment supervisory services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $200 annual minimum. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$1M | 1.00% |
| $1M–$2M | 0.60% |
| $2M and above | 0.40% |
Fee details and sources
Other fees
- Financial planning and advice
- Financial planning, and advice without an ongoing relationship, is billed at an hourly rate of $250, payable when the service is rendered.
- Private placement consulting
- Consulting for clients interested in private placement investments is charged a flat fee on a case-by-case basis.
George Racette owns 25% to 50% of Calder Investment Advisors. The leadership team of Calder Investment Advisors includes President Brian Riefepeters and Chief Compliance Officer Daren Shavell. It has 7 employees, 4 of them in advisory roles.
Staff
- 7 employees
- 4 in advisory functions
- 4 state-registered reps
- Owns 25% to 50% of Calder Investment Advisors
George Racette
Control person · since May 2007
- Owns 25% to 50% of Calder Investment Advisors
Brian Riefepeters
since January 2020
- Owns 25% to 50% of Calder Investment Advisors
Daren Shavell
since January 2026
Calder Investment Advisors’ regulatory assets grew from $215M (February 2021) to $297M (March 2026); clients rose from 325 to 544 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | StaffEmployees | Offices |
|---|---|---|---|---|
| Mar 2026March 2026 | $297M | 544 | 7 | 2 |
| Mar 2025March 2025 | $261M | 501 | 6 | 2 |
| Mar 2024March 2024 | $261M | 600 | 6 | 2 |
| Feb 2023February 2023 | $230M | 439 | 7 | 2 |
| May 2022May 2022 | $238M | 422 | 7 | 2 |
| Feb 2021February 2021 | $215M | 325 | 7 | 2 |
Besides its headquarters, Calder Investment Advisors has 1 office (1 private residence, listed without an address), with 1 listed address in 1 state.
Michigan · 1 listed address
- 7504 Thornapple River DR. Se, AdaHQ
Other business names
Calder Investment Advisors has reported 2 other business names to the SEC.
- Calder Consulting Group
- Tuinstra Tax Planning
Contact and registration details
- Legal name
- Calder Investment Advisors
- Headquarters
- 7504 Thornapple River DR. Se, Ada, MI 49301
- Website
- wearecalder.com
- Phone
- 616-235-2442
- SEC file
- 801-67907
- Structure
- Michigan corporation
- Fiscal year end
- December
Calder Investment Advisors’ named custodian for separately managed accounts is National Financial ($261M). Calder Investment Advisors has custody of $30M for 58 clients.
- National FinancialNational Financial · Covington, KY · $261M100%
At year end, Calder Investment Advisors’ separately managed accounts were mostly in funds (62%) and cash (28%).
What the accounts hold
- Stocks10%
- Funds62%
- Cash28%
How many clients does Calder Investment Advisors have?
Calder Investment Advisors has 544 clients and manages $297 million for them, as of March 2026. They include 463 individual clients, 48 high-net-worth individuals, and 30 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 March 2026
What services does Calder Investment Advisors offer?
Calder Investment Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and publishing newsletters.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Calder Investment Advisors charge?
Calder Investment Advisors charges 0.40%–1.00% a year for its Investment supervisory services. Each asset band is charged at its own rate. The fee is billed in advance, is negotiable and has a $200 annual minimum.
Source: ADV PART 2A, filed 11 March 2026
Which custodians does Calder Investment Advisors use?
Calder Investment Advisors’ separately managed account assets are held at National Financial (Covington, KY), with $261M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 11 March 2026
How many financial advisors does Calder Investment Advisors have?
Calder Investment Advisors has 4 investment adviser representatives registered with state securities authorities, out of 7 employees, and 4 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Calder Investment Advisors invest in?
At the end of its last fiscal year, Calder Investment Advisors’ separately managed accounts held 62% registered funds (mutual funds, ETFs, BDCs), 28% cash and equivalents and 10% exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Calder Investment Advisors?
Calder Investment Advisors’ direct owners are George Racette, Brian Riefepeters and Daren Shavell, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 11 March 2026
How does Calder Investment Advisors get paid?
Calder Investment Advisors is paid through a percentage of assets under management, hourly charges and fixed fees. Its Form ADV lists no commissions or performance-based fees among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Calder Investment Advisors?
Calder Investment Advisors’ main office is at 7504 Thornapple River DR. Se, Ada, MI 49301. Its phone number is 616-235-2442. Its website is wearecalder.com.