TFS Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers. Financial planning was provided to 101–250 clients last fiscal year.
TFS Advisors reports 151 clients. They include 86 individual clients and 65 high-net-worth individuals. Of its assets, 62.9% ($101M across 276 accounts) are managed with discretion; $59.8M across 150 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 57% | 24% |
| High-net-worth individuals | 43% | 71% |
| Pension and profit-sharing plans | Fewer than 5 | 4% |
| Charitable organizations | Fewer than 5 | <1% |
| Corporations and other businesses | Fewer than 5 | 1% |
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) | 86 | $38.2M | 23.7% | $444K |
| High-net-worth individuals | 65 | $114M | 71.0% | $1.76M |
| Pension and profit-sharing plans | Fewer than 5 | $6.27M | 3.9% | — |
| Charitable organizations | Fewer than 5 | $424K | 0.3% | — |
| Corporations and other businesses | Fewer than 5 | $1.86M | 1.2% | — |
| Total | 151 | $161M | 100% | — |
- Clients
- 86
- Regulatory AUM
- $38.2M
- AUM share
- 23.7%
- Avg. per client
- $444K
- Clients
- 65
- Regulatory AUM
- $114M
- AUM share
- 71.0%
- Avg. per client
- $1.76M
- Clients
- Fewer than 5
- Regulatory AUM
- $6.27M
- AUM share
- 3.9%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $424K
- AUM share
- 0.3%
- Avg. per client
- —
- Clients
- Fewer than 5
- Regulatory AUM
- $1.86M
- AUM share
- 1.2%
- Avg. per client
- —
Total
- Clients
- 151
- Regulatory AUM
- $161M
- 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
- 101–250
TFS Advisors charges 1.25%–2.00% a year for its Asset-Based Advisory Fee. The fee is billed in advance or in arrears, is negotiable, has a $7,500 annual minimum and requires an account of at least $500,000. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial Planning Services
- Financial planning is rarely offered on an hourly basis at $350 per hour, or for a flat fee that depends on the services and is negotiable.
- Tax Services
- Tax services are generally provided for a separate flat fee of $500, depending on the complexity of the return, negotiable at the adviser's discretion.
Aaron Terwedo owns 50% to 75% of TFS Advisors. The leadership team of TFS Advisors includes President Aaron Terwedo. It has 3 employees, 2 of them in advisory roles.
Leadership
Aaron TerwedoManaging Member, Vice President - Financial Planning
Dale TerwedoMember, CCO
Investment adviser representatives
2 representatives listed in the SEC register as of 9 October 2026.
Staff
- 3 employees
- 2 in advisory functions
- 2 state-registered reps
- 3 insurance agents
- Owns 50% to 75% of TFS Advisors, LLC
Aaron Terwedo
Control person · since January 2019
- Owns 25% to 50% of TFS Advisors, LLC
Dale Terwedo
Control person · since May 2013
TFS Advisors’ regulatory assets grew 1.6× from $103M (April 2021) to $161M (March 2026); clients rose from 135 to 151 and employees were 3 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $161M | 151 | 3 | 2 |
| March 2025 | $135M | 150 | 3 | 2 |
| March 2024 | $121M | 144 | 3 | 1 |
| March 2023 | $119M | 217 | 3 | 1 |
| February 2022 | $122M | 128 | 3 | 1 |
| April 2021 | $103M | 135 | 3 | 1 |
Besides its headquarters, TFS Advisors has 1 office (1 private residence, listed without an address), with 1 listed address in Washington.
Washington · 1 listed address
- 100 2nd Ave S., Suite 300, EdmondsHQ
Contact and registration details
- Legal name
- TFS Advisors, LLC
- Headquarters
- 100 2nd Ave S., Suite 300, Edmonds, WA 98020
- Website
- tfsadvisors.com
- Phone
- 425-776-0446
- @tfs-advisors-llc
- SEC file
- 801-121268
- Structure
- Washington LLC
- Fiscal year end
- December
TFS Advisors uses Charles Schwab ($102M, 68%) and Pershing ($47M, 32%) as custodians for its separately managed accounts. TFS Advisors has custody of $2.71M in client assets for 2 clients.
- PershingPershing Advisor Solutions LLC · Jersey City, NJ · $47M32%
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $102M68%
At year end, TFS Advisors’ separately managed accounts were mostly in funds (95%).
What the accounts hold
- Stocks1%
- Funds95%
- Cash2%
- Other2%
- Annuities2%
How many clients does TFS Advisors have?
TFS Advisors has 151 clients and manages $161 million for them, as of March 2026. They include 86 individual clients and 65 high-net-worth individuals.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 5 March 2026
What services does TFS Advisors offer?
TFS Advisors provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does TFS Advisors charge?
TFS Advisors charges 1.25%–2.00% a year for its Asset-Based Advisory Fee. The fee is billed in advance or in arrears, is negotiable, has a $7,500 annual minimum and requires an account of at least $500,000.
Source: 2026-03-05 TFS ADVISORS FORM ADV PART 2A, filed 5 March 2026
Which custodians does TFS Advisors use?
TFS Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $102M and Pershing Advisor Solutions LLC (Jersey City, NJ), with $47M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 5 March 2026
How many financial advisors does TFS Advisors have?
TFS Advisors has 2 investment adviser representatives registered with state securities authorities, out of 3 employees, and 2 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 3 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 TFS Advisors invest in?
At the end of its last fiscal year, TFS Advisors’ separately managed accounts held 95% registered funds (mutual funds, ETFs, BDCs), 2% cash and equivalents, 2% other and 1% exchange-traded equities. The 2% other category is described as: Annuities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Does TFS Advisors have a minimum investment?
Yes, TFS Advisors’ minimum account size for its Asset-Based Advisory Fee is $500K. It charges a $7.5K annual minimum fee.
Source: 2026-03-05 TFS ADVISORS FORM ADV PART 2A, filed 5 March 2026
Who owns TFS Advisors?
TFS Advisors’ direct owners are Dale Terwedo (25% to 50%) and Aaron Terwedo (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 5 March 2026
How does TFS Advisors get paid?
TFS 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
Is TFS Advisors registered with the SEC?
Yes, TFS Advisors has been registered with the SEC as an investment adviser since 20 May 2021. Its CRD number is 167653 and its SEC file number is 801-121268.
Source: Form ADV Part 1A, Item 1, filed 5 March 2026; IAPD firm record
How do I contact TFS Advisors?
TFS Advisors’ main office is at 100 2nd Ave S., Suite 300, Edmonds, WA 98020. Its phone number is 425-776-0446. Its website is tfsadvisors.com.