Tenzing Financial provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, insurance, and retirement plan services. Financial planning was provided to 51–100 clients last fiscal year.
Tenzing Financial reports 165 clients. They include 92 individual clients and 73 high-net-worth individuals. Of its assets, 100.0% ($231M across 752 accounts) are managed with discretion. A wrap fee program the firm both sponsors and manages holds $231M. It advised 2 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 56% | 15% |
| High-net-worth individuals | 44% | 79% |
| Pension and profit-sharing plans | Fewer than 5 | 6% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 92 | $35.1M | 15.2% | $382K |
| High-net-worth individuals | 73 | $182M | 78.6% | $2.49M |
| Pension and profit-sharing plans | Fewer than 5 | $14.4M | 6.2% | — |
| Total | 165 | $231M | 100% | — |
- Clients
- 92
- Regulatory AUM
- $35.1M
- AUM share
- 15.2%
- Avg. per client
- $382K
- Clients
- 73
- Regulatory AUM
- $182M
- AUM share
- 78.6%
- Avg. per client
- $2.49M
- Clients
- Fewer than 5
- Regulatory AUM
- $14.4M
- AUM share
- 6.2%
- Avg. per client
- —
Total
- Clients
- 165
- Regulatory AUM
- $231M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 2
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 51–100
Tenzing Financial charges 0.15%–1.50% a year for its Wealth Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$250K | 1.50% |
| $250K–$500K | 1.25% |
| $500K–$1M | 1.00% |
| $1M–$2M | 0.75% |
| $2M–$5M | 0.50% |
| $5M–$10M | 0.35% |
| $10M–$25M | 0.25% |
| $25M and above | 0.15% |
Fee details and sources
Other fees
- Retirement Plan Advisory Services
- Retirement plan advisory fees are an annual asset-based fee of up to 1.50%.
- Standalone Financial Planning
- Standalone financial planning is a fixed engagement fee of $5,000 to $10,000.
Harold Philipsen owns 50% to 75% of Tenzing Financial. The leadership team of Tenzing Financial includes Chief Compliance Officer Harold Philipsen. It has 5 employees, 3 of them in advisory roles.
Leadership
- Harold PhilipsenMember and Chief Compliance Officer
- Tracy ShackelfordMember
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- 2 insurance agents
- Owns 50% to 75% of Tenzing Financial LLC
Harold Philipsen
Control person · since February 2025
- Owns 50% to 75% of Tenzing Financial LLC
Tracy Shackelford
Control person · since February 2025
Tenzing Financial’s regulatory assets grew Infinity× from $0 (May 2025) to $231M (August 2026); employees were 5 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $231M | 165 | 5 | 1 |
| May 2025 | $0 | 0 | 5 | 1 |
Besides its headquarters, Tenzing Financial has 0 offices, with 1 listed address in Virginia.
Virginia · 1 listed address
- 1215 MT Vernon Ave, Suite C, WilliamsburgHQ
Contact and registration details
- Legal name
- Tenzing Financial LLC
- Headquarters
- 1215 MT Vernon Ave, Suite C, Williamsburg, VA 23185
- Website
- tenzingfinancial.us
- Phone
- 757-703-0030
- @tenzing-financial
- SEC file
- 801-132538
- Founded
- 2020
- Structure
- Virginia LLC
- Fiscal year end
- December
Tenzing Financial uses LPL Financial ($116M, 54%) and Charles Schwab ($97.6M, 46%) as custodians for its separately managed accounts. Tenzing Financial does not have custody of client assets.
- LPL FinancialLPL Financial LLC · Fort Mill, SC · $116M54%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $97.6M46%
At year end, Tenzing Financial’s separately managed accounts were mostly in stocks (55%) and bonds (19%). Its reported 13F holdings for the quarter ended 30 June 2026 total $146M across 84 positions; the largest are J P Morgan Exchange Traded F (12.2%), iShares TR (8.7%) and J P Morgan Exchange Traded F (6.1%).
What the accounts hold
- Stocks55%
- Funds18%
- Bonds19%
- Investment grade corporate bonds11%
- U.S. government and agency bonds5%
- High-yield corporate bonds2%
- State and local bonds1%
- Cash8%
Reported 13F holdings
- $146M
- Reported 13F value
- 84
- Positions
- 56.8%
- In the 10 largest
- +9.3%
- Value vs. prior quarter
- J P Morgan Exchange Traded F · Equity Premium12.2%
- iShares TR · Core MSCI Intl8.7%
- J P Morgan Exchange Traded F · US Qualty Fctr6.1%
- Schwab Strategic TR · US Lcap GR ETF5.9%
- SPDR Series Trust · ST Str Aggre ETF5.6%
- Alps ETF TR · Smith Core Plus5.1%
- Alps ETF TR · Intl Sec DV Dog3.6%
- iShares TR · Core S&P Mcp ETF3.6%
- American Centy ETF TR · US Large Cap Vlu3.3%
- iShares TR · Core S&P500 ETF2.7%
Together, the ten largest are 56.8% of reported value.
How many clients does Tenzing Financial have?
Tenzing Financial has 165 clients and manages $231 million for them, as of August 2026. They include 92 individual clients and 73 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 31 August 2026
What services does Tenzing Financial offer?
Tenzing Financial provides financial planning, portfolio management for individuals and small businesses, selecting other managers, education planning, insurance, and retirement plan services.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file; Part 2A brochure, Item 4
How much does Tenzing Financial charge?
Tenzing Financial charges 0.15%–1.50% a year for its Wealth Management Fees. Each asset band is charged at its own rate. The fee is billed in advance and is negotiable.
Source: TENZING FINANCIAL DISCLOSURE BROCHURE, filed 13 February 2026
Which custodians does Tenzing Financial use?
Tenzing Financial’s separately managed account assets are held at LPL Financial LLC (Fort Mill, SC), with $116M and Charles Schwab & Co., Inc. (Westlake, TX), with $97.6M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 August 2026
How many financial advisors does Tenzing Financial have?
Tenzing Financial has 3 investment adviser representatives registered with state securities authorities, out of 5 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 2 employees are 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 Tenzing Financial invest in?
At the end of its last fiscal year, Tenzing Financial’s separately managed accounts held 55% exchange-traded equities, 18% registered funds (mutual funds, ETFs, BDCs), 11% investment grade corporate bonds, 8% cash and equivalents, 5% U.S. government and agency bonds, 2% high-yield corporate bonds and 1% state and local bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Tenzing Financial?
Tenzing Financial’s direct owners are Harold Philipsen (50% to 75%) and Tracy Shackelford (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 31 August 2026
How does Tenzing Financial get paid?
Tenzing Financial is paid through a percentage of assets under management 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 Tenzing Financial?
Tenzing Financial’s main office is at 1215 MT Vernon Ave, Suite C, Williamsburg, VA 23185. Its phone number is 757-703-0030. Its website is tenzingfinancial.us.