# True Private Wealth Advisors, LLC

> True Private Wealth Advisors, LLC is an SEC-registered investment advisory firm in Salem, OR, registered since 2012, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated May 6, 2026.

- CRD: 164947
- Filed as: TRUE PRIVATE WEALTH ADVISORS, LLC
- Also doing business as: DAVIS ALTMAN PATERSON GROUP, GESCHER HERBER GROUP, MIKE LONG GROUP, STEVE BINNS GROUP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Salem, OR
- Filing period: October 2026
- Form ADV filing dated: May 6, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164947
- AdvisorCensus page: https://advisorcensus.com/firm/true-private-wealth-advisors-llc-salem-or-164947

## Quick answers

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

**What does True Private Wealth Advisors, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: up to 2.25% of assets a year (the maximum the brochure states). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is True Private Wealth Advisors, LLC located?**
True Private Wealth Advisors, LLC's principal office is in Salem, OR, according to its Form ADV; the June 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is True Private Wealth Advisors, LLC registered with the SEC or a state?**
True Private Wealth Advisors, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164947.

**How much does True Private Wealth Advisors, LLC manage?**
True Private Wealth Advisors, LLC reports $1,426,784,638 in regulatory assets under management in its Form ADV filing dated May 6, 2026 (100% discretionary).

**How have True Private Wealth Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for True Private Wealth Advisors, LLC: Regulatory assets under management: $902,222,110 in the October 2021 data and $1,426,784,638 in the October 2026 data, up 58%. Total employees: 17 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does True Private Wealth Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (1,219); high net worth individuals (357); charitable organizations (6).

**Which custodians does True Private Wealth Advisors, LLC use?**
True Private Wealth Advisors, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.

**Does True Private Wealth 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/164947

**What changed in True Private Wealth Advisors, LLC's recent Form ADV filings?**
In the June 2026 filing data: Updated its list of owners and control persons (Schedule A).

## 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 27, 2026)

- Asset-based fee: up to 2.25% of assets a year (the maximum the brochure states)

> Client shall pay TPWA the Advisory Fees, based on the Advisory Fee Rates shown in the Client's Advisory Agreement, which shall not exceed a maximum Advisory Fee Rate 2.25%, on an annual basis.

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

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services 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: $1,426,784,638
- Discretionary: $1,426,784,638
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 1,219 | $457,348,542 |
| High net worth individuals | 357 | $940,733,505 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 5 | $2,197,738 |
| Charitable organizations | 6 | $23,902,839 |
| Corporations or other businesses not listed above | 5 | $2,602,014 |

### Advisory services (Item 5.G)
- 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
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2012 (14 years)
- Employees: 22 total, 22 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AK, AZ, CA, CO, FL, HI, ID, LA, MT, NE, NH, OR, SC, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2026 filing
- McMinnville, OR

### Websites listed on Form ADV (Item 1.I)
- davisaltmanpatersongroup.com
- gescherherbergroup.com
- mlonggroup.com
- stevebinnsgroup.com
- truepwa.com
- Facebook @thedavisaltmangroup
- Facebook @thegescherherbergroup
- LinkedIn @true-private-wealth-advisors
- LinkedIn @maria-olsen-55a09425
- LinkedIn @thomaspaterson
- LinkedIn @todd-gescher-25595357
- X @ghgattrue
- X @truepwa

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $902,222,110 | 17 | March 31, 2021 |
| October 2022 | $1,052,872,513 | 17 | September 21, 2022 |
| October 2023 | $947,770,664 | 21 | September 1, 2023 |
| October 2024 | $1,240,700,489 | 21 | July 25, 2024 |
| October 2025 | $1,261,064,067 | 20 | July 15, 2025 |
| October 2026 | $1,426,784,638 | 22 | May 6, 2026 |

Regulatory assets under management: $902,222,110 in the October 2021 data and $1,426,784,638 in the October 2026 data, up 58%.
Total employees: 17 in October 2021 and 22 in October 2026.

## Changes in the filing (last 12 months)

### June 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 20 to 22.
- Regulatory assets under management went from $1,261,064,067 to $1,426,784,638 (+13%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. True Private Wealth Advisors, LLC (CRD 164947): Form ADV filing data as of October 2026.