{"url":"https://nivawealth.com/firms/trail-financial-planning-165063","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/165063","regulatoryAum":117334223,"crd":"165063","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"6104183","suffix":null,"lastName":"CHESBROUGH","firstName":"JOHN","middleName":"DAVID"},{"crd":"8139823","suffix":null,"lastName":"Lederer","firstName":"Casey","middleName":null},{"crd":"6804652","suffix":null,"lastName":"SNYDER","firstName":"ELIZABETH","middleName":"ANN"}],"total":3,"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"},"secFileNumber":"801-135022","legalName":"Trail Financial Planning LLC","displayName":"Trail Financial Planning","slug":"trail-financial-planning-165063","website":"https://trailfp.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/165063/d34ad2ef5e572dbc-r1.webp","tone":"light","width":753,"height":200,"sourceUrl":"https://www.trailfp.com","sourceLabel":"Trail Financial Planning LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"founded":null,"organization":"Washington limited liability company","fiscalYearEnd":"December","headquarters":{"street":"214 N Commercial St.","city":"Bellingham","state":"WA","stateName":"Washington","country":"United States","postalCode":"98225"},"tradeNames":["Trail Financial LLC","Trail Financial Planning, LLC"],"registration":{"secApproved":"5 January 2026","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":747351.7388535031,"staff":{"employees":4,"advisory":3,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":117334223,"discretionary":117334223,"discretionaryAccounts":606,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":42},"clientTypes":[{"label":"Individuals (other than HNW)","clients":105,"regulatoryAum":44983040},{"label":"High-net-worth individuals","clients":52,"regulatoryAum":72351183}],"feePrograms":[{"role":"other","program":"Hourly fee model","summary":"Services under the hourly fee model are billed by time at $300 an hour, and fees may be negotiable.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016977","versionId":1016977,"submittedOn":"2026-03-10","documentName":"TRAIL FINANCIAL PLANNING LLC - FORM ADV PART 2A"},{"role":"other","program":"Initial planning fee","summary":"The one-time initial planning fee for comprehensive financial planning is $3,000 to $5,000, depending on complexity.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016977","versionId":1016977,"submittedOn":"2026-03-10","documentName":"TRAIL FINANCIAL PLANNING LLC - FORM ADV PART 2A"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed_no_numerical_schedule","checkedAt":"2026-10-22T14:34:48.706606+00:00","documents":[{"name":"TRAIL FINANCIAL PLANNING LLC - FORM ADV PART 2A","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016977","versionId":1016977,"submittedOn":"2026-03-10"}]},"custodians":[{"name":"Altruist Financial LLC","shortName":"Altruist","location":"Culver City, CA","smaAssets":116456421}],"custodyNote":"Trail Financial Planning does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"John Chesbrough","title":"Member/Chief Compliance Officer/Lead Financial Planner","crd":"6104183"},{"name":"Elizabeth Snyder","title":"Member/Lead Financial Planner","crd":"6804652"}],"ownership":[{"label":"Elizabeth Snyder","detail":"Member/lead financial planner in the 10% to 25% ownership band and a control person, since April 2017."},{"label":"John Chesbrough","detail":"Member/chief compliance officer/lead financial planner in the 75% or more ownership band and a control person, since April 2017."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":2,"privateResidences":2},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[{"state":"Washington","offices":1,"addresses":[{"street":"214 N Commercial St.","city":"Bellingham","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"360-399-6486","stateRegisteredReps":3,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Pension consulting services","Selection of other advisers (including private fund managers)","Educational seminars/workshops"],"financialPlanningClients":"101-250","assetMix":[{"label":"Exchange-traded equity securities","percent":8},{"label":"Investment grade corporate bonds","percent":1},{"label":"Securities issued by registered investment companies or business development companies","percent":91},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"11 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/165063/PDF/165063.pdf","brochureDate":"10 March 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1016977","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 Trail Financial Planning have?","answer":"Trail Financial Planning has 157 clients and manages $117 million for them, as of March 2026. They include 105 individual clients and 52 high-net-worth individuals.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 11 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Trail Financial Planning offer?","answer":"Trail Financial Planning provides financial planning, portfolio management for individuals and small businesses, pension consulting, selecting other managers, and educational seminars.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Trail Financial Planning use?","answer":"Trail Financial Planning’s separately managed account assets are held at Altruist Financial LLC (Culver City, CA), with $116M. 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 Trail Financial Planning have?","answer":"Trail Financial Planning has 3 investment adviser representatives registered with state securities authorities, out of 4 employees, and 3 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 Trail Financial Planning invest in?","answer":"At the end of its last fiscal year, Trail Financial Planning’s separately managed accounts held 91% registered funds (mutual funds, ETFs, BDCs), 8% exchange-traded equities, 1% investment grade corporate bonds and 1% cash and equivalents.","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 Trail Financial Planning?","answer":"Trail Financial Planning’s direct owners are Elizabeth Snyder (10% to 25%) and John Chesbrough (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 11 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Trail Financial Planning get paid?","answer":"Trail Financial Planning is paid through a percentage of assets under management and hourly charges. 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 Trail Financial Planning?","answer":"Trail Financial Planning’s main office is at 214 N Commercial St., Bellingham, WA 98225. Its phone number is 360-399-6486. Its website is trailfp.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."}