# TFS Advisors, LLC

> TFS Advisors, LLC is an SEC-registered investment advisory firm in Edmonds, WA, registered since 2021, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 5, 2026.

- CRD: 167653
- Filed as: TFS ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Edmonds, WA
- Filing period: October 2026
- Form ADV filing dated: March 5, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/167653
- AdvisorCensus page: https://advisorcensus.com/firm/tfs-advisors-llc-edmonds-wa-167653

## Quick answers

**How is TFS Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), TFS Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; hourly charges; fixed fees (other than subscription fees).

**How much does TFS Advisors, LLC charge?**
Its Form ADV Part 2A brochure dated March 5, 2026 states: Flat fee: $2,500 (initial up-front flat fee). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is TFS Advisors, LLC located?**
TFS Advisors, LLC's principal office is in Edmonds, WA, according to its Form ADV.

**Is TFS Advisors, LLC registered with the SEC or a state?**
TFS Advisors, LLC is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 167653.

**How much does TFS Advisors, LLC manage?**
TFS Advisors, LLC reports $161,237,949 in regulatory assets under management in its Form ADV filing dated March 5, 2026 (63% discretionary).

**How have TFS Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for TFS Advisors, LLC: Regulatory assets under management: $103,107,699 in the October 2021 data and $161,237,949 in the October 2026 data, up 56%. Total employees: 3 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does TFS Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (86); high net worth individuals (65).

**Which custodians does TFS Advisors, LLC use?**
TFS Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. and Pershing Advisor Solutions LLC as custodians holding 10% or more of its separately managed account assets.

**Does TFS Advisors, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/167653

**Does TFS Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 5, 2026 says: "The minimum account value required to open and maintain an account with Adviser is $500,000, subject to negotiation."

**What changed in TFS Advisors, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $135,089,465 to $161,237,949 (+19%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Hourly charges
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated March 5, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> The minimum account value required to open and maintain an account with Adviser is $500,000, subject to negotiation.

- Flat fee: $2,500 (initial up-front flat fee)

> an initial up-front flat fee that is generally equal to $2,500

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.
- Pershing Advisor Solutions LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $161,237,949
- Discretionary: $101,414,687
- Non-discretionary: $59,823,262

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 86 | $38,211,478 |
| High net worth individuals | 65 | $114,468,637 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $6,274,696 |
| Charitable organizations | Fewer than 5 | $423,504 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | Fewer than 5 | $1,859,634 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2021 (5 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- tfsadvisors.com
- wealthtender.com/financial-advisors/aaron-terwedo-chfc-nssa-fpqp
- wealthtender.com/financial-advisors/dale-terwedo-cfp-chfc-clu-bfa
- yelp.com/biz/tfs-advisors-edmonds-2
- Facebook @tfsadvisors
- LinkedIn @tfs-advisors-llc

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $103,107,699 | 3 | April 20, 2021 |
| October 2022 | $121,591,218 | 3 | February 28, 2022 |
| October 2023 | $118,681,487 | 3 | September 14, 2023 |
| October 2024 | $121,392,028 | 3 | March 6, 2024 |
| October 2025 | $135,089,465 | 3 | March 17, 2025 |
| October 2026 | $161,237,949 | 3 | March 5, 2026 |

Regulatory assets under management: $103,107,699 in the October 2021 data and $161,237,949 in the October 2026 data, up 56%.
Total employees: 3 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $135,089,465 to $161,237,949 (+19%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. TFS Advisors, LLC (CRD 167653): Form ADV filing data as of October 2026.