{"url":"https://nivawealth.com/firms/tfs-advisors-167653","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/167653","regulatoryAum":161237949,"crd":"167653","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6163090","suffix":null,"lastName":"Terwedo","firstName":"Aaron","middleName":"Matthew"},{"crd":"1235948","suffix":null,"lastName":"Terwedo","firstName":"Dale","middleName":"Robert"}],"total":2,"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":"2021-04-20","regulatoryAum":103107699,"clients":135,"employees":3,"offices":1},{"filedOn":"2022-02-28","regulatoryAum":121591218,"clients":128,"employees":3,"offices":1},{"filedOn":"2023-03-24","regulatoryAum":118681487,"clients":217,"employees":3,"offices":1},{"filedOn":"2024-03-06","regulatoryAum":121392028,"clients":144,"employees":3,"offices":1},{"filedOn":"2025-03-17","regulatoryAum":135089465,"clients":150,"employees":3,"offices":2},{"filedOn":"2026-03-05","regulatoryAum":161237949,"clients":151,"employees":3,"offices":2}],"secFileNumber":"801-121268","legalName":"TFS Advisors, LLC","displayName":"TFS Advisors","slug":"tfs-advisors-167653","website":"https://tfsadvisors.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/167653/035359381dc1849c-r1.webp","tone":"light","width":336,"height":200,"sourceUrl":"https://tfsadvisors.com/","sourceLabel":"TFS Advisors, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/tfs-advisors-llc","founded":null,"organization":"Washington limited liability company","fiscalYearEnd":"December","headquarters":{"street":"100 2nd Ave S., Suite 300","city":"Edmonds","state":"WA","stateName":"Washington","country":"United States","postalCode":"98020"},"tradeNames":[],"registration":{"secApproved":"20 May 2021","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":1011126.5894039735,"staff":{"employees":3,"advisory":2,"brokerDealerReps":0,"insuranceAgents":3,"promoters":0},"aum":{"regulatory":161237949,"discretionary":101414687,"discretionaryAccounts":276,"nonDiscretionary":59823262,"nonDiscretionaryAccounts":150,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":86,"regulatoryAum":38211478},{"label":"High-net-worth individuals","clients":65,"regulatoryAum":114468637},{"label":"Pension and profit-sharing plans","clients":null,"fewerThan5":true,"regulatoryAum":6274696},{"label":"Charitable organizations","clients":null,"fewerThan5":true,"regulatoryAum":423504},{"label":"Corporations and other businesses","clients":null,"fewerThan5":true,"regulatoryAum":1859634}],"feePrograms":[{"role":"main","program":"Asset-Based Advisory Fee","feeBasis":"range","fee_tiers":null,"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015108","versionId":1015108,"ratePeriod":"annual","fee_billing":"both","submittedOn":"2026-03-05","documentName":"2026-03-05 TFS ADVISORS FORM ADV PART 2A","fee_rate_low":1.25,"fee_rate_high":2,"fee_negotiable":true,"minimum_account":500000,"feeMinimumPeriod":"annual","fee_minimum_annual":7500},{"role":"other","program":"Financial Planning Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015108","versionId":1015108,"submittedOn":"2026-03-05","documentName":"2026-03-05 TFS ADVISORS FORM ADV PART 2A"},{"role":"other","program":"Tax Services","summary":"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.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015108","versionId":1015108,"submittedOn":"2026-03-05","documentName":"2026-03-05 TFS ADVISORS FORM ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T14:42:02.248158+00:00","documents":[{"name":"2026-03-05 TFS ADVISORS FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015108","versionId":1015108,"submittedOn":"2026-03-05"}]},"custodians":[{"name":"Pershing Advisor Solutions LLC","shortName":"Pershing","location":"Jersey City, NJ","smaAssets":47006225},{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":101999018}],"custodyNote":"TFS Advisors has custody of $2.71M in client assets for 2 clients.","leadership":[{"name":"Aaron Terwedo","title":"Managing Member, Vice President - Financial Planning","crd":"6163090"},{"name":"Dale Terwedo","title":"Member, CCO","crd":"1235948"}],"ownership":[{"label":"Dale Terwedo","detail":"Member, cco in the 25% to 50% ownership band and a control person, since May 2013."},{"label":"Aaron Terwedo","detail":"Managing member, vice president - financial planning in the 50% to 75% ownership band and a control person, since January 2019."}],"filedOffices":{"otherThanPrincipal":1,"privateResidences":1},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Washington","offices":1,"addresses":[{"street":"100 2nd Ave S., Suite 300","city":"Edmonds","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"425-776-0446","stateRegisteredReps":2,"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","Selection of other advisers (including private fund managers)"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":95},{"label":"Cash and cash equivalents","percent":2},{"label":"Other","percent":2,"detail":"Annuities"}],"privateFunds":0},"sources":{"adv1FilingDate":"5 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/167653/PDF/167653.pdf","brochureDate":"5 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1015108","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 TFS Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does TFS Advisors offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"How much does TFS Advisors charge?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does TFS Advisors use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does TFS Advisors have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does TFS Advisors invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Does TFS Advisors have a minimum investment?","answer":"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","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Who owns TFS Advisors?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does TFS Advisors get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Is TFS Advisors registered with the SEC?","answer":"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","sourceRef":{"doc":"adv1","section":"identity"}},{"question":"How do I contact TFS Advisors?","answer":"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.","source":"Form ADV Part 1A, Item 1.F, filed 5 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."}