TVFP provides financial planning, portfolio management for individuals and small businesses, and selecting other managers.
TVFP reports 541 clients. They include 441 individual clients, 99 high-net-worth individuals and 1 corporate or other business client. Of its assets, 100.0% ($336M across 1,590 accounts) are managed with discretion.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | 82% | 44% |
| High-net-worth individuals | 18% | 55% |
| 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) | 441 | $149M | 44.5% | $339K |
| High-net-worth individuals | 99 | $186M | 55.4% | $1.88M |
| Corporations and other businesses | 1 | $406K | 0.1% | $406K |
| Total | 541 | $336M | 100% | $621K |
- Clients
- 441
- Regulatory AUM
- $149M
- AUM share
- 44.5%
- Avg. per client
- $339K
- Clients
- 99
- Regulatory AUM
- $186M
- AUM share
- 55.4%
- Avg. per client
- $1.88M
- Clients
- 1
- Regulatory AUM
- $406K
- AUM share
- 0.1%
- Avg. per client
- $406K
Total
- Clients
- 541
- Regulatory AUM
- $336M
- AUM share
- 100%
- Avg. per client
- $621K
- 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
- 0
TVFP charges up to 1.50% a year for its Investment Management. Each asset band is charged at its own rate. The fee is billed in arrears. The brochure also prices 2 other services, listed under fee details.
| Asset band | Annual rate |
|---|---|
| $0–$500K | 1.50% |
| $500K–$1M | 1.25% |
| $1M–$3M | 0.95% |
| $3M–$5M | 0.75% |
| $5M–$10M | 0.50% |
| $10M and above | 0.40% |
Fee details and sources
Other fees
- Fee-Based Annuity Services
- Advisory fee for fee-based annuities is 1.00% of contract value, fixed for the life of the contract.
- Financial Planning
- Financial planning fees are negotiable based on the scope and complexity of services; clients above $1,000,000 in assets receive it at no additional cost.
Belnap Enterprises, LLC owns 50% to 75% of TVFP and is in turn owned by Jonathan Belnap (75% or more). The leadership team of TVFP includes Chief Compliance Officer Nick Stablein. It has 10 employees, 7 of them in advisory roles.
Staff
- 10 employees
- 7 in advisory functions
- 7 state-registered reps
- 5 insurance agents
- Owns 50% to 75% of TVFP, LLC
Belnap Enterprises, LLC
Control person · since March 2026
- Owns 75% or more of Belnap Enterprises, LLC
Jonathan Belnap
Control person · since March 2026
- Owns 50% to 75% of TVFP, LLC
Morrison Asset Management
Control person · since March 2026
- Owns 75% or more of Morrison Asset Management
David Morrison
Control person · since March 2026
Besides its headquarters, TVFP has 0 offices, with 1 listed address in 1 state.
Idaho · 1 listed address
- 3715 E. Overland Road, Ste 205, MeridianHQ
Contact and registration details
- Legal name
- TVFP, LLC
- Headquarters
- 3715 E. Overland Road, Ste 205, Meridian, ID 83642
- Website
- treasurevalleyplanning.com
- Phone
- 208-789-0888
- SEC file
- 801-136321
- Structure
- Idaho LLC
- Fiscal year end
- December
TVFP’s named custodian for separately managed accounts is Charles Schwab ($336M). TVFP does not have custody of client assets.
- Charles SchwabCharles Schwab & Co., Inc. · Westlake, TX · $336M100%
At year end, TVFP’s separately managed accounts were mostly in funds (75%) and stocks (21%).
What the accounts hold
- Stocks21%
- Funds75%
- Bonds1%
- Cash3%
How many clients does TVFP have?
TVFP has 541 clients and manages $336 million for them, as of September 2026. They include 441 individual clients, 99 high-net-worth individuals and 1 corporate or other business client.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 September 2026
What services does TVFP offer?
TVFP 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 TVFP charge?
TVFP charges up to 1.50% a year for its Investment Management. Each asset band is charged at its own rate. The fee is billed in arrears.
Which custodians does TVFP use?
TVFP’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $336M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 September 2026
How many financial advisors does TVFP have?
TVFP has 7 investment adviser representatives registered with state securities authorities, out of 10 employees, and 7 perform investment advisory functions. 0 employees are registered representatives of a broker-dealer and 5 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 TVFP invest in?
At the end of its last fiscal year, TVFP’s separately managed accounts held 75% registered funds (mutual funds, ETFs, BDCs), 21% exchange-traded equities, 3% cash and equivalents and 1% U.S. government and agency bonds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns TVFP?
TVFP is owned through holding companies by David Morrison and Jonathan Belnap. Its direct owners are Belnap Enterprises, LLC (50% to 75%) and Morrison Asset Management (50% to 75%).
Source: Form ADV Part 1A, Schedules A and B, filed 16 September 2026
How does TVFP get paid?
TVFP is paid through a percentage of assets under management, fixed fees and commissions. Its Form ADV lists no 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
How do I contact TVFP?
TVFP’s main office is at 3715 E. Overland Road, Ste 205, Meridian, ID 83642. Its phone number is 208-789-0888. Its website is treasurevalleyplanning.com.