{
  "crd_number": 309098,
  "slug": "tru-independence-asset-management-2-llc-portland-or-309098",
  "primary_business_name": "TRU INDEPENDENCE ASSET MANAGEMENT 2, LLC",
  "legal_name": "TRU INDEPENDENCE ASSET MANAGEMENT 2, LLC",
  "dbas": [
    "MERIT WEALTH MANAGEMENT, LLC"
  ],
  "city": "Portland",
  "state": "OR",
  "country": "United States",
  "cbsa_code": "38900",
  "metro": {
    "cbsa_code": "38900",
    "common_name": "Portland",
    "msa_name": "Portland-Vancouver-Hillsboro, OR-WA",
    "path": "/advisors/or/portland"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2020-05-27",
  "years_registered": 6,
  "period": "2026-10-01",
  "filing_date": "2026-09-13",
  "carried_forward": false,
  "raum_total": 92691133.0,
  "raum_discretionary": 92691133.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 17,
  "advisory_employees": 3,
  "client_count_bucket": null,
  "clients_by_type": {
    "other": {
      "raum": 0.0,
      "count": 0
    },
    "charitable": {
      "raum": 0.0,
      "count": 0
    },
    "individuals": {
      "raum": 8814360.0,
      "count": 75
    },
    "banking_thrift": {
      "raum": 0.0,
      "count": 0
    },
    "state_municipal": {
      "raum": 0.0,
      "count": 0
    },
    "insurance_companies": {
      "raum": 0.0,
      "count": 0
    },
    "investment_companies": {
      "raum": 0.0,
      "count": 0
    },
    "pension_profit_sharing": {
      "raum": 1593492.0,
      "count": 1
    },
    "other_investment_advisers": {
      "raum": 0.0,
      "count": 0
    },
    "high_net_worth_individuals": {
      "raum": 81335432.0,
      "count": 125
    },
    "pooled_investment_vehicles": {
      "raum": 0.0,
      "count": 0
    },
    "corporations_other_businesses": {
      "raum": 947849.0,
      "count": 4
    },
    "business_development_companies": {
      "raum": 0.0,
      "count": 0
    },
    "sovereign_wealth_foreign_official": {
      "raum": 0.0,
      "count": 0
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA",
    "CO",
    "OR",
    "TN",
    "TX"
  ],
  "websites": [
    "https://facebook.com/meritwealth",
    "https://linkedin.com/company/merit-wealth-management",
    "https://meritwealth.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/309098",
  "city_as_filed": "PORTLAND",
  "url": "https://advisorcensus.com/firm/tru-independence-asset-management-2-llc-portland-or-309098",
  "display_name": "TRU Independence Asset Management 2, LLC",
  "summary": "TRU Independence Asset Management 2, LLC is an SEC-registered investment advisory firm in Portland, OR, registered since 2020, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated September 13, 2026.",
  "citation": "AdvisorCensus. TRU Independence Asset Management 2, LLC (CRD 309098): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is TRU Independence Asset Management 2, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), TRU Independence Asset Management 2, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees)."
    },
    {
      "q": "What does TRU Independence Asset Management 2, LLC's brochure say about its fees?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: up to 1.2% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement."
    },
    {
      "q": "Where is TRU Independence Asset Management 2, LLC located?",
      "a": "TRU Independence Asset Management 2, LLC's principal office is in Portland, OR, according to its Form ADV; the October 2026 filing also lists 2 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is TRU Independence Asset Management 2, LLC registered with the SEC or a state?",
      "a": "TRU Independence Asset Management 2, LLC is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 309098."
    },
    {
      "q": "How much does TRU Independence Asset Management 2, LLC manage?",
      "a": "TRU Independence Asset Management 2, LLC reports $92,691,133 in regulatory assets under management in its Form ADV filing dated September 13, 2026 (100% discretionary)."
    },
    {
      "q": "How have TRU Independence Asset Management 2, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for TRU Independence Asset Management 2, LLC: Regulatory assets under management: $140,249,842 in the October 2021 data and $92,691,133 in the October 2026 data, down 34%. Total employees: 26 in October 2021 and 17 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does TRU Independence Asset Management 2, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (125); individuals (other than high net worth individuals) (75); corporations or other businesses not listed above (4)."
    },
    {
      "q": "Which custodians does TRU Independence Asset Management 2, LLC use?",
      "a": "TRU Independence Asset Management 2, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does TRU Independence Asset Management 2, LLC report any disciplinary disclosures?",
      "a": "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/309098"
    },
    {
      "q": "Does TRU Independence Asset Management 2, LLC state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 27, 2026 says: \"The Firm does not have a specific account minimum.\""
    },
    {
      "q": "What changed in TRU Independence Asset Management 2, LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: No longer lists the business name Rely Wealth Partners, LLC. Regulatory assets under management went from $264,745,245 to $92,691,133 (-65%). Changed its office addresses in Franklin, TN. Added an office in Littleton, CO. No longer lists an office in La Jolla, CA. No longer lists an office in Manhattan Beach, CA."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 140249842.0,
      "total_employees": 26,
      "filing_date": "2021-08-27"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 284588722.0,
      "total_employees": 27,
      "filing_date": "2022-06-09"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 101550665.0,
      "total_employees": 20,
      "filing_date": "2023-09-13"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 117209998.0,
      "total_employees": 36,
      "filing_date": "2024-06-02"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 217056008.0,
      "total_employees": 33,
      "filing_date": "2025-03-06"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 92691133.0,
      "total_employees": 17,
      "filing_date": "2026-09-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "No longer lists the business name Rely Wealth Partners, LLC.",
        "Regulatory assets under management went from $264,745,245 to $92,691,133 (-65%).",
        "Changed its office addresses in Franklin, TN.",
        "Added an office in Littleton, CO.",
        "No longer lists an office in La Jolla, CA.",
        "No longer lists an office in Manhattan Beach, CA."
      ]
    },
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Registered or notice-filed in CO."
      ]
    },
    {
      "period": "2026-05-01",
      "period_label": "May 2026",
      "notes": [
        "Added an office in Manhattan Beach, CA."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "No longer lists the business name TRU Investment Services.",
        "Employees performing advisory functions went from 4 to 3.",
        "Regulatory assets under management went from $217,056,008 to $264,745,245 (+22%)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 27, 2026",
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": "1.2% of assets a year",
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "figures": [
      {
        "label": "Asset-based fee",
        "statements": [
          "Asset-based fee: up to 1.2% of assets a year (the maximum the brochure states)"
        ],
        "quotes": [
          "Our annual fee ranges up to 1.20% annually and is assessed and/or charged monthly in arrears, based on the daily average balance value."
        ]
      },
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "The Firm does not have a  specific account minimum."
        ]
      }
    ],
    "quotes": [
      "Our annual fee ranges up to 1.20% annually and is assessed and/or charged monthly in arrears, based on the daily average balance value.",
      "The Firm does not have a  specific account minimum."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/tru-independence-asset-management-2-llc-portland-or-309098.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 75,
      "fewer_than_5": false,
      "raum": 8814360.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 125,
      "fewer_than_5": false,
      "raum": 81335432.0
    },
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 1,
      "fewer_than_5": false,
      "raum": 1593492.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": false,
      "raum": 947849.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 0,
      "fewer_than_5": false,
      "raum": 0.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/309098",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}