Wealth manager, independent · Salem, OR
True Private Wealth Advisors, LLC
SEC-registered investment adviser · CRD 164947 · SEC 801-76997
At a glance
True Private Wealth Advisors, LLC is an SEC-registered investment adviser based in Salem, Oregon, with $1.4B in regulatory assets under management as of its Form ADV filed May 6, 2026. It reports 1,576 individual clients, 357 of them high-net-worth, holding an average of about $0.9 million each, and 22 employees. That ranks it 773rd among the nation’s 5,657 independent wealth management RIAs and 12th of 101 in Oregon. It reports Fidelity as the custodian for its clients’ separately managed accounts.
Main office 503-400-3311truepwa.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $1.4B
- Rank among independent wealth managers
- #773 of 5,657
- Rank among all SEC RIAs
- #4,392 of 17,210
- Rank in Oregon
- #12 of 101
- Individual clients
- 1,576
- High-net-worth clients
- 357
- Accounts
- 1,592
- Discretionary
- 100% of AUM
- Employees
- 22
- Advisory staff
- 22
- Offices
- 2
Owners and executives on its Form ADV
- Michael B. DavisChief Executive Officer (CEO)
- Todd A. GescherChief Investment Officer (CIO)
- Jason D. HerberChief Financial Officer (CFO)
- Stephen R. AltmanFounding Partner, Managing Member
- Madison E. LaughlinChief Administrative Officer (CAO), Chief Compliance Officer (CCO)
- Thomas C. PatersonChief Operations Officer (COO)
Custody and brokerage
Broker-dealer
No broker-dealer ties
True Private Wealth Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| High-net-worth individuals | 357 | $941M | 66% |
| Individuals | 1,219 | $457M | 32% |
| Charitable organizations | 6 | $24M | 2% |
| Corporations or other businesses | 5 | $3M | <1% |
| Pension and profit sharing plans | 5 | $2M | <1% |
Disciplinary disclosures
True Private Wealth Advisors, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Financial planning
- Portfolio management for individuals and small businesses
- Portfolio management for businesses and institutions
- Pension consulting
- Selecting other advisers
How it’s paid
- A percentage of assets under management
- Hourly charges
- Fixed fees
Form ADV and brochures on the SEC’s adviser search ↗truepwa.com ↗
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The full record on True Private Wealth Advisors, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 2,619 peers of its type and size
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- Owners and executives, with titles and stakes
- 6 namedLocked
- Main office, fax and compliance officer
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- Filing changes this year, with alerts
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Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Similar-size RIAs in Oregon
All of Oregon →| Firm | Regulatory AUM | Clients |
|---|---|---|
| Cutler Investment GroupJacksonville | $1.5B | 949 |
| Aerodigm Wealth LLCLake Oswego | $1.5B | 212 |
| JGP Wealth Management, LLCBend | $1.4B | 771 |
| Vision Capital Management IncPortland | $1.2B | 1,755 |
| Cedar Mountain Advisors, LLCLake Oswego | $1.2B | 832 |
| Sittner & Nelson, LLCEugene | $1.0B | 455 |
Background
Questions
How much does True Private Wealth Advisors, LLC manage?
True Private Wealth Advisors, LLC reports $1.4B in regulatory assets under management across 1,592 accounts, 100% of it on a discretionary basis, on its Form ADV filed May 6, 2026.
How many clients does True Private Wealth Advisors, LLC have?
It reports 1,576 individual clients: 357 high-net-worth individuals and 1,219 other individuals. Individuals account for about 98% of its regulatory assets.
Where is True Private Wealth Advisors, LLC headquartered?
Its main office is in Salem, Oregon. It reports 2 offices in total and 22 employees, 22 of whom perform investment advisory functions.
How does True Private Wealth Advisors, LLC charge clients?
On Form ADV it lists these forms of compensation: a percentage of assets under management; hourly charges; fixed fees. Fees and minimums are set out in its Form ADV Part 2A brochure, available on the SEC’s adviser search.
What custodian does True Private Wealth Advisors, LLC use?
It reports Fidelity as the custodian for its clients’ separately managed accounts. On Schedule D of its Form ADV filed May 6, 2026, it reports these amounts held: Fidelity ($1.4B). Form ADV lists only custodians holding 10% or more of separately managed account assets.
Is True Private Wealth Advisors, LLC a hybrid RIA with a broker-dealer?
True Private Wealth Advisors, LLC reports no employees registered with a broker-dealer and no affiliated broker-dealer.
Is True Private Wealth Advisors, LLC a fiduciary?
As an SEC-registered investment adviser, True Private Wealth Advisors, LLC owes its advisory clients a fiduciary duty under the Investment Advisers Act of 1940, which includes duties of care and loyalty. It reports no employees who are registered representatives of a broker-dealer.
Where these numbers come from
Every figure is True Private Wealth Advisors, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-05-06), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Its national rank compares it with every US-based independent wealth management RIA, the same field as The Largest RIAs. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →