{"url":"https://nivawealth.com/firms/twenty-twenty-investment-advisors-llc-128086","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/128086","regulatoryAum":138978900,"crd":"128086","adviserRoster":{"asOf":"2026-10-09","items":[{"crd":"1751156","suffix":null,"lastName":"BILLETER","firstName":"BRUCE","middleName":"WARD"},{"crd":"8200042","suffix":null,"lastName":"Billeter","firstName":"Megan","middleName":"Marie"},{"crd":"1253117","suffix":null,"lastName":"LAKE","firstName":"JAY","middleName":"DEE"},{"crd":"6044548","suffix":null,"lastName":"MASTEL","firstName":"JOSHUA","middleName":"MICHAEL"}],"total":4,"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":"2025-01-15","regulatoryAum":123393615,"clients":242,"employees":4,"offices":4},{"filedOn":"2026-07-24","regulatoryAum":138978900,"clients":341,"employees":6,"offices":5}],"secFileNumber":"801-131986","legalName":"Twenty Twenty Investment Advisors,llc","displayName":"Twenty Twenty Investment Advisors,llc","slug":"twenty-twenty-investment-advisors-llc-128086","website":"https://2020ia.com/","logo":{"src":"https://rmkhnxnbeclogprvkfyl.supabase.co/storage/v1/object/public/firm-logos/128086/6a60596aab1107d6-r1.webp","tone":"light","width":852,"height":200,"sourceUrl":"https://www.2020ia.com/","sourceLabel":"Twenty Twenty Investment Advisors, LLC, website"},"classification":{"segment":"individuals","segmentLabel":"Wealth management","type":"independent_wealth_manager","typeLabel":"RIA","feeDisclosure":"full"},"linkedinUrl":"https://www.linkedin.com/company/twenty-twenty-investment-advisors/about/","founded":null,"organization":"Washington limited liability company","fiscalYearEnd":"December","headquarters":{"street":"","city":"","state":"","stateName":"","country":"","postalCode":null},"tradeNames":[],"registration":{"secApproved":"18 February 2025","noticeFilings":null,"latestNoticeFiling":null},"wealthAumPerClient":368230.3173076923,"staff":{"employees":6,"advisory":4,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"regulatory":138978900,"discretionary":138978900,"discretionaryAccounts":564,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":0,"nonAumClients":0},"clientTypes":[{"label":"Individuals (other than HNW)","clients":289,"regulatoryAum":61103484},{"label":"High-net-worth individuals","clients":23,"regulatoryAum":53784375},{"label":"Corporations and other businesses","clients":6,"regulatoryAum":2771831},{"label":"Other","clients":23,"regulatoryAum":21319210}],"feePrograms":[{"role":"main","program":"Wealth Management","feeBasis":"marginal","fee_tiers":[{"to":1000000,"pct":1,"from":0},{"to":3000000,"pct":0.85,"from":1000000},{"to":5000000,"pct":0.7,"from":3000000},{"to":null,"pct":0.5,"from":5000000}],"sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1052785","versionId":1052785,"ratePeriod":"annual","fee_billing":null,"submittedOn":"2026-07-24","documentName":"ADV PART 2A & 2B","fee_rate_low":0.5,"fee_rate_high":1,"fee_negotiable":null,"minimum_account":null,"feeMinimumPeriod":null,"fee_minimum_annual":null},{"role":"other","program":"Financial consulting","summary":"Included in the advisory fee for wealth management clients; standalone consulting is a fixed fee of up to $350 per hour under a consulting agreement.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1052785","versionId":1052785,"submittedOn":"2026-07-24","documentName":"ADV PART 2A & 2B"},{"role":"other","program":"Retirement planning services","summary":"Retirement plan advisory fees are a percentage of managed plan assets that will not exceed 1.25%, or hourly in some cases.","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1052785","versionId":1052785,"submittedOn":"2026-07-24","documentName":"ADV PART 2A & 2B"}],"brochureCoverage":{"scope":"sec_inventory","status":"reviewed","checkedAt":"2026-10-22T12:57:53.612454+00:00","documents":[{"name":"ADV PART 2A & 2B","status":"read","sourceUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1052785","versionId":1052785,"submittedOn":"2026-07-24"}]},"custodians":[{"name":"Charles Schwab & Co., Inc.","shortName":"Charles Schwab","location":"Westlake, TX","smaAssets":117659690}],"custodyNote":"Twenty Twenty Investment Advisors,llc does not have custody of client assets.","otherCustodians":[],"leadership":[{"name":"Bruce Billeter","title":"Member","crd":"1751156"},{"name":"Joshua Mastel","title":"Member","crd":"6044548"},{"name":"Jennifer West","title":"CCO","crd":"8031697"}],"ownership":[{"label":"Joshua Mastel","detail":"Member in the 50% to 75% ownership band, since May 2019."},{"label":"Bruce Billeter","detail":"Member in the 50% to 75% ownership band and a control person, since October 2019."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":4,"privateResidences":4},"listedOfficeAddresses":1,"foreignOffices":[],"officesByState":[],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"509-892-3512","stateRegisteredReps":4,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Hourly charges"],"activities":["Financial planning services","Portfolio management for individuals and/or small businesses","Educational seminars/workshops"],"financialPlanningClients":"51-100","assetMix":[{"label":"Exchange-traded equity securities","percent":76},{"label":"U.S. government/agency bonds","percent":1},{"label":"Investment grade corporate bonds","percent":3},{"label":"Securities issued by registered investment companies or business development companies","percent":19},{"label":"Cash and cash equivalents","percent":1}],"privateFunds":0},"sources":{"adv1FilingDate":"24 July 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/128086/PDF/128086.pdf","brochureDate":"24 July 2026","brochureUrl":"https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=1052785","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 Twenty Twenty Investment Advisors,llc have?","answer":"Twenty Twenty Investment Advisors,llc has 341 clients and manages $139 million for them, as of July 2026. They include 289 individual clients, 23 high-net-worth individuals and 23 other clients.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 24 July 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Twenty Twenty Investment Advisors,llc offer?","answer":"Twenty Twenty Investment Advisors,llc provides financial planning, portfolio management for individuals and small businesses, 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":"How much does Twenty Twenty Investment Advisors,llc charge?","answer":"Twenty Twenty Investment Advisors,llc charges 0.50%–1.00% a year for its Wealth Management. Each asset band is charged at its own rate.","source":"ADV PART 2A & 2B, filed 24 July 2026","sourceRef":{"doc":"brochure","section":"fees"}},{"question":"Which custodians does Twenty Twenty Investment Advisors,llc use?","answer":"Twenty Twenty Investment Advisors,llc’s separately managed account assets are held at Charles Schwab & Co., Inc. (Westlake, TX), with $118M. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 24 July 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Twenty Twenty Investment Advisors,llc have?","answer":"Twenty Twenty Investment Advisors,llc has 4 investment adviser representatives registered with state securities authorities, out of 6 employees, and 4 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 Twenty Twenty Investment Advisors,llc invest in?","answer":"At the end of its last fiscal year, Twenty Twenty Investment Advisors,llc’s separately managed accounts held 76% exchange-traded equities, 19% registered funds (mutual funds, ETFs, BDCs), 3% investment grade corporate bonds, 1% U.S. government and agency 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 Twenty Twenty Investment Advisors,llc?","answer":"Twenty Twenty Investment Advisors,llc’s direct owners are Joshua Mastel (50% to 75%) and Bruce Billeter (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 24 July 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Twenty Twenty Investment Advisors,llc get paid?","answer":"Twenty Twenty Investment Advisors,llc 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 Twenty Twenty Investment Advisors,llc?","answer":"Its phone number is 509-892-3512. Its website is 2020ia.com.","source":"Form ADV Part 1A, Item 1.F, filed 24 July 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."}