True North Retirement Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, business succession planning, education planning, and estate planning. Financial planning was provided to 1–10 clients last fiscal year.
True North Retirement Advisors reports 382 clients. They include 241 individual clients, 124 high-net-worth individuals, and 17 pension and profit-sharing plans. Of its assets, 90.2% ($416M across 1,123 accounts) are managed with discretion; $45M across 17 accounts are not.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 63% | 20% |
| High-net-worth individuals | 32% | 70% |
| Pension and profit-sharing plans | 4% | 10% |
| Charitable organizations | 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) | 241 | $91M | 19.8% | $378K |
| High-net-worth individuals | 124 | $324M | 70.3% | $2.61M |
| Pension and profit-sharing plans | 17 | $45M | 9.8% | $2.65M |
| Charitable organizations | Fewer than 5 | $695K | 0.2% | — |
| Total | 382 | $461M | 100% | — |
- Clients
- 241
- Regulatory AUM
- $91M
- AUM share
- 19.8%
- Avg. per client
- $378K
- Clients
- 124
- Regulatory AUM
- $324M
- AUM share
- 70.3%
- Avg. per client
- $2.61M
- Clients
- 17
- Regulatory AUM
- $45M
- AUM share
- 9.8%
- Avg. per client
- $2.65M
- Clients
- Fewer than 5
- Regulatory AUM
- $695K
- AUM share
- 0.2%
- Avg. per client
- —
Total
- Clients
- 382
- Regulatory AUM
- $461M
- 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
- 1–10
True North Retirement Advisors charges 0.40%–1.00% a year for its Portfolio management and financial planning. The fee is billed in advance. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Financial planning only
- Fixed fees for financial-planning-only clients typically range from $2,500 to $6,000 per engagement, collected in arrears.
- Retirement plan consulting
- Retirement plan consulting is billed as an asset-based fee or a fixed fee set in the advisory agreement.
Ashley Micciche owns 75% or more of True North Retirement Advisors. The leadership team of True North Retirement Advisors includes President David Wilson and Chief Compliance Officer Troy Micciche. It has 7 employees, 3 of them in advisory roles.
Leadership
David WilsonMember, President, and Founder- Troy MiccicheChief Compliance Officer & Controller
Ashley MiccicheManaging Principal
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
Staff
- 7 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 insurance agent
- Owns 75% or more of True North Retirement Advisors, LLC
Ashley Micciche
Control person · since May 2017
- Owns 10% to 25% of True North Retirement Advisors, LLC
David Wilson
Control person · since May 2017
True North Retirement Advisors’ regulatory assets grew 1.6× from $291M (March 2021) to $461M (March 2026); clients rose from 298 to 382 and employees were 7 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| March 2026 | $461M | 382 | 7 | 1 |
| March 2025 | $430M | 362 | 8 | 1 |
| March 2024 | $357M | 354 | 8 | 1 |
| March 2023 | $314M | 334 | 8 | 1 |
| March 2022 | $341M | 317 | 7 | 1 |
| March 2021 | $291M | 298 | 7 | 1 |
Besides its headquarters, True North Retirement Advisors has 0 offices, with 1 listed address in Oregon.
Oregon · 1 listed address
- 10151 Se Sunnyside Road, #400, ClackamasHQ
Contact and registration details
- Legal name
- True North Retirement Advisors, LLC
- Headquarters
- 10151 Se Sunnyside Road, #400, Clackamas, OR 97015
- Phone
- 503-387-6869
- @truenorthra
- SEC file
- 801-112242
- Structure
- Oregon LLC
- Fiscal year end
- December
True North Retirement Advisors uses Charles Schwab ($416M) as custodian for its separately managed accounts. True North Retirement Advisors does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $416M100%
At year end, True North Retirement Advisors’ separately managed accounts were largely in stocks (41%) and funds (41%).
What the accounts hold
- Stocks41%
- Funds41%
- Bonds2%
- State and local bonds1%
- Investment grade corporate bonds1%
- Cash16%
How many clients does True North Retirement Advisors have?
True North Retirement Advisors has 382 clients and manages $461 million for them, as of March 2026. They include 241 individual clients, 124 high-net-worth individuals, and 17 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 March 2026
What services does True North Retirement Advisors offer?
True North Retirement Advisors provides financial planning, portfolio management for individuals and small businesses, pension consulting, business succession planning, education planning, and estate planning.
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 True North Retirement Advisors charge?
True North Retirement Advisors charges 0.40%–1.00% a year for its Portfolio management and financial planning. The fee is billed in advance.
Which custodians does True North Retirement Advisors use?
True North Retirement Advisors’ separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $416M. 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
How many financial advisors does True North Retirement Advisors have?
True North Retirement Advisors has 3 investment adviser representatives registered with state securities authorities, out of 7 employees, and 3 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 1 employee is a licensed insurance agent.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does True North Retirement Advisors invest in?
At the end of its last fiscal year, True North Retirement Advisors’ separately managed accounts held 41% exchange-traded equities, 41% registered funds (mutual funds, ETFs, BDCs), 16% cash and equivalents, 1% state and local bonds and 1% investment grade corporate bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns True North Retirement Advisors?
True North Retirement Advisors’ direct owners are Ashley Micciche (75% or more) and David Wilson (10% to 25%).
Source: Form ADV Part 1A, Schedules A and B, filed 11 March 2026
How does True North Retirement Advisors get paid?
True North Retirement Advisors 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
Is True North Retirement Advisors registered with the SEC?
Yes, True North Retirement Advisors has been registered with the SEC as an investment adviser since 5 January 2018. Its CRD number is 290885 and its SEC file number is 801-112242.
Source: Form ADV Part 1A, Item 1, filed 11 March 2026; IAPD firm record
How do I contact True North Retirement Advisors?
True North Retirement Advisors’ main office is at 10151 Se Sunnyside Road, #400, Clackamas, OR 97015. Its phone number is 503-387-6869. Its website is truenorthretirementadvisors.com.