Tumwater Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting. Financial planning was provided to 251–500 clients last fiscal year.
Tumwater Wealth Management reports 310 clients. They include 171 individual clients, 113 high-net-worth individuals, and 21 pension and profit-sharing plans. Of its assets, 85.9% ($349M across 861 accounts) are managed with discretion; $57.4M across 16 accounts are not. It advised 1 client without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 55% | 12% |
| High-net-worth individuals | 36% | 67% |
| Pension and profit-sharing plans | 7% | 20% |
| Insurance companies | <1% | <1% |
| Corporations and other businesses | 1% | 1% |
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | 171 | $48M | 11.8% | $280K |
| High-net-worth individuals | 113 | $272M | 66.9% | $2.41M |
| Pension and profit-sharing plans | 21 | $80.9M | 19.9% | $3.85M |
| Insurance companies | Fewer than 5 | $578 | 0.0% | $578 |
| Corporations and other businesses | Fewer than 5 | $5.85M | 1.4% | $1.46M |
| Total | 310 | $407M | 100% | — |
- Clients
- 171
- Regulatory AUM
- $48M
- AUM share
- 11.8%
- Avg. per client
- $280K
- Clients
- 113
- Regulatory AUM
- $272M
- AUM share
- 66.9%
- Avg. per client
- $2.41M
- Clients
- 21
- Regulatory AUM
- $80.9M
- AUM share
- 19.9%
- Avg. per client
- $3.85M
- Clients
- Fewer than 5
- Regulatory AUM
- $578
- AUM share
- 0.0%
- Avg. per client
- $578
- Clients
- Fewer than 5
- Regulatory AUM
- $5.85M
- AUM share
- 1.4%
- Avg. per client
- $1.46M
Total
- Clients
- 310
- Regulatory AUM
- $407M
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 0%
- Clients advised without assets under management last fiscal year
- 1
- Private funds advised
- 0
- Financial planning clients last fiscal year
- 251–500
Tumwater Wealth Management charges up to 1.20% a year for its Portfolio Management. The fee is billed in advance and is negotiable. The brochure also prices 2 other services, listed under fee details.
Fee details and sources
Other fees
- Comprehensive Financial Planning
- Comprehensive financial plans are charged $3,588 annually, generally negotiable; TWM may also offer a fee of no more than $299 per month for household accounts under $500,000.
- Investment Management Only
- For household accounts under $500,000, TWM may offer investment management only at no more than 0.60% annually.
Benjamin Warren owns 50% to 75% of Tumwater Wealth Management. The leadership team of Tumwater Wealth Management includes Chief Compliance Officer Benjamin Warren. It has 5 employees, 3 of them in advisory roles.
Leadership
- Benjamin WarrenManaging Member & Chief Compliance Officer
- Kirsten WarrenMember
Investment adviser representatives
3 representatives listed in the SEC register as of 9 October 2026.
- Christopher Hersh
- Owen Patrick Quast
- Benjamin Carl Warren
Staff
- 5 employees
- 3 in advisory functions
- 3 state-registered reps
- 1 soliciting firm
- Owns 50% to 75% of Tumwater Wealth Management, LLC
Benjamin Warren
Control person · since November 2018
- Owns 50% to 75% of Tumwater Wealth Management, LLC
Kirsten Warren
Control person · since November 2018
Tumwater Wealth Management’s regulatory assets grew 1.7× from $240M (April 2021) to $407M (August 2026); clients rose from 199 to 310 and employees from 4 to 5.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| August 2026 | $407M | 310 | 5 | 1 |
| July 2025 | $350M | 276 | 4 | 1 |
| March 2024 | $305M | 270 | 4 | 1 |
| April 2023 | $279M | 276 | 4 | 1 |
| March 2022 | $291M | 215 | 4 | 1 |
| April 2021 | $240M | 199 | 4 | 1 |
Besides its headquarters, Tumwater Wealth Management has 0 offices, with 1 listed address in Idaho.
Idaho · 1 listed address
- 110 W Main St, BoiseHQ
Contact and registration details
- Legal name
- Tumwater Wealth Management, LLC
- Headquarters
- 110 W Main St, Boise, ID 83702
- Website
- tumwaterwealth.com
- Phone
- 208-314-2114
- @tumwater-wealth-management
- SEC file
- 801-118103
- Structure
- Idaho LLC
- Fiscal year end
- December
Tumwater Wealth Management uses Charles Schwab ($332M) as custodian for its separately managed accounts. Tumwater Wealth Management does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $332M100%
At year end, Tumwater Wealth Management’s separately managed accounts were mostly in funds (86%) and cash (10%). Its reported 13F holdings for the quarter ended 30 June 2026 total $277M across 33 positions; the largest are Dimensional ETF Trust (28.8%), Vanguard Index Fds (22.2%) and Dimensional ETF Trust (16.1%).
What the accounts hold
- Stocks4%
- Exchange-traded equities3%
- Non-exchange-traded equities1%
- Funds86%
- Cash10%
Reported 13F holdings
- $277M
- Reported 13F value
- 33
- Positions
- 95.2%
- In the 10 largest
- +11.2%
- Value vs. prior quarter
- Dimensional ETF Trust · World EX US Core28.8%
- Vanguard Index Fds · Total Stk Mkt22.2%
- Dimensional ETF Trust · US Targeted Vlu16.1%
- Dimensional ETF Trust · US Larg Valu ETF13.0%
- Vanguard BD Index Fds · Intermed Term6.1%
- Dimensional ETF Trust · Ultr Fix Inc. ETF3.6%
- Vanguard Index Fds · Large Cap ETF1.9%
- Dimensional ETF Trust · US Mktwide Value1.6%
- Vanguard Index Fds · S&P 500 ETF Shs1.2%
- Chevron Corporation0.9%
Together, the ten largest are 95.2% of reported value.
How many clients does Tumwater Wealth Management have?
Tumwater Wealth Management has 310 clients and manages $407 million for them, as of August 2026. They include 171 individual clients, 113 high-net-worth individuals, and 21 pension and profit-sharing plans.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 11 August 2026
What services does Tumwater Wealth Management offer?
Tumwater Wealth Management provides financial planning, portfolio management for individuals and small businesses, portfolio management for institutions, and pension consulting.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Tumwater Wealth Management charge?
Tumwater Wealth Management charges up to 1.20% a year for its Portfolio Management. The fee is billed in advance and is negotiable.
Source: ADV PART 2A-TUMWATER WEALTH MANAGEMENT, LLC, filed 6 March 2026
Which custodians does Tumwater Wealth Management use?
Tumwater Wealth Management’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $332M. 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 August 2026
How many financial advisors does Tumwater Wealth Management have?
Tumwater Wealth Management has 3 investment adviser representatives registered with state securities authorities, out of 5 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
What does Tumwater Wealth Management invest in?
At the end of its last fiscal year, Tumwater Wealth Management’s separately managed accounts held 86% registered funds (mutual funds, ETFs, BDCs), 10% cash and equivalents, 3% exchange-traded equities and 1% non-exchange-traded equities.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Tumwater Wealth Management?
Tumwater Wealth Management’s direct owners are Benjamin Warren (50% to 75%) and Kirsten Warren (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 11 August 2026
How does Tumwater Wealth Management get paid?
Tumwater Wealth Management 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 Tumwater Wealth Management registered with the SEC?
Yes, Tumwater Wealth Management has been registered with the SEC as an investment adviser since 20 February 2020. Its CRD number is 300443 and its SEC file number is 801-118103.
Source: Form ADV Part 1A, Item 1, filed 11 August 2026; IAPD firm record
How do I contact Tumwater Wealth Management?
Tumwater Wealth Management’s main office is at 110 W Main St, Boise, ID 83702. Its phone number is 208-314-2114. Its website is tumwaterwealth.com.