{"url":"https://nivawealth.com/firms/calder-investment-advisors-143973","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/143973","regulatoryAum":297000000,"crd":"143973","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"7287128","suffix":null,"lastName":"Eggleston","firstName":"Kelly","middleName":"E"},{"crd":"2177778","suffix":null,"lastName":"NEWCOMBE","firstName":"PATRICK","middleName":"O'HARE"},{"crd":"1156380","suffix":null,"lastName":"RACETTE","firstName":"GEORGE","middleName":"DIRK"},{"crd":"4628419","suffix":null,"lastName":"SHAVELL","firstName":"DAREN","middleName":"BAHR"},{"crd":"7226346","suffix":null,"lastName":"Tuinstra","firstName":"Timothy","middleName":"Scott"}],"total":5,"loadedAt":"2026-10-10T00:20:19.761928+00:00","sourceUrl":"https://reports.adviserinfo.sec.gov/reports/CompilationReports/IA_INDVL_Feed_10_09_2026.xml.zip"},"history":[{"filedOn":"2021-02-26","regulatoryAum":215000000,"clients":325,"employees":7,"offices":2},{"filedOn":"2022-05-24","regulatoryAum":238000000,"clients":422,"employees":7,"offices":2},{"filedOn":"2023-02-27","regulatoryAum":230000000,"clients":439,"employees":7,"offices":2},{"filedOn":"2024-03-01","regulatoryAum":260500000,"clients":600,"employees":6,"offices":2},{"filedOn":"2025-03-07","regulatoryAum":260700000,"clients":501,"employees":6,"offices":2},{"filedOn":"2026-03-11","regulatoryAum":297000000,"clients":544,"employees":7,"offices":2}],"secFileNumber":"801-67907","legalName":"Calder Investment Advisors","displayName":"Calder Investment Advisors","slug":"calder-investment-advisors-143973","website":"https://wearecalder.com/","classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Michigan corporation","fiscalYearEnd":"December","headquarters":{"street":"7504 Thornapple River DR. Se","city":"Ada","state":"MI","stateName":"Michigan","country":"United States","postalCode":"49301"},"tradeNames":["Calder Consulting Group","Tuinstra Tax Planning"],"registration":{"secApproved":"21 May 2007","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":347162.42661448143,"staff":{"employees":7,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":297000000,"discretionary":297000000,"discretionaryAccounts":1831,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":463,"regulatoryAum":54400000},{"label":"High-net-worth individuals","clients":48,"regulatoryAum":123000000},{"label":"Pension and profit-sharing plans","clients":30,"regulatoryAum":119000000},{"label":"Charitable organizations","clients":3,"fewerThan5":true,"regulatoryAum":600000}],"feePrograms":[{"role":"main","program":"Investment supervisory services","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":2000000,"pct":0.6,"from":1000000},{"to":null,"pct":0.4,"from":2000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017134","versionId":1017134,"ratePeriod":"annual","fee_billing":"advance","submittedOn":"2026-03-11","documentName":"ADV PART 2A","fee_rate_low":0.4,"fee_rate_high":1,"fee_negotiable":true,"minimum_account":null,"feeMinimumPeriod":"quarterly","fee_minimum_annual":200},{"role":"other","program":"Financial planning and advice","summary":"Financial planning, and advice without an ongoing relationship, is billed at an hourly rate of $250, payable when the service is rendered.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017134","versionId":1017134,"submittedOn":"2026-03-11","documentName":"ADV PART 2A"},{"role":"other","program":"Private placement consulting","summary":"Consulting for clients interested in private placement investments is charged a flat fee on a case-by-case basis.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017134","versionId":1017134,"submittedOn":"2026-03-11","documentName":"ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T09:15:22.944517+00:00","documents":[{"name":"ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017134","versionId":1017134,"submittedOn":"2026-03-11"}]},"custodians":[{"name":"National Financial","shortName":"National Financial","location":"Covington, KY","smaAssets":261000000}],"custodyNote":"Calder Investment Advisors has custody of $30M for 58 clients.","otherCustodians":[],"leadership":[{"name":"Brian Riefepeters","title":"President","crd":"6841794"},{"name":"Daren Shavell","title":"Chief Compliance Officer","crd":"4628419"},{"name":"George Racette","title":"CEO","crd":"1156380"}],"ownership":[{"label":"George Racette","detail":"Ceo in the 25% to 50% ownership band and a control person, since May 2007."},{"label":"Brian Riefepeters","detail":"President in the 25% to 50% ownership band, since January 2020."},{"label":"Daren Shavell","detail":"Chief compliance officer in the 25% to 50% ownership band, since January 2026."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Michigan","offices":1,"addresses":[{"street":"7504 Thornapple River DR. Se","city":"Ada","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"616-235-2442","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges","Fixed fees (other than subscription fees)"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)","Publication of periodicals or newsletters"],"financialPlanningClients":"26-50","assetMix":[{"label":"Exchange-traded equity securities","percent":10},{"label":"Securities issued by registered investment companies or business development companies","percent":62},{"label":"Cash and cash equivalents","percent":28}],"privateFunds":0},"sources":{"adv1FilingDate":"11 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/143973/PDF/143973.pdf","brochureDate":"11 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1017134","iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","updatedOn":"2026-10-22","holdingsUpdatedOn":"2026-10-21","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Calder Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Calder Investment Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does Calder Investment Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Calder Investment Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Calder Investment Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Calder Investment Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Calder Investment Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Calder Investment Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How do I contact Calder Investment Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 11 March 2026","sourceRef":{"doc":"adv1","section":"offices"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}