# Tumwater Wealth Management

Tumwater Wealth Management is a Bank / Wealth / Trust based in Boise, United States.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Boise, United States
- **Region:** North America
- **Address:** Boise, ID, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** www.tumwaterwealth.com
- **LinkedIn:** https://www.linkedin.com/company/tumwater-wealth-management

## Regulatory record

- **CRD number:** 300443
- **SEC file number:** 801-118103
- **Registration status:** APPROVED
- **Latest Form ADV filing:** 2026-03-06T06:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/300443

## About

Tumwater Wealth Management is an SEC-registered investment adviser in Boise, ID, registered since 2020. The firm manages $407 million in assets, with $349 million on a discretionary basis. It has 4 employees and 2 investment advisers.

## Sectors

- Wealth Management

## Questions

### What investment vehicle does Tumwater primarily use for client portfolios?

Tumwater defaults to separately managed accounts (SMAs), which grant each family direct ownership of underlying securities. This structure enables tax-loss harvesting, custom municipal-bond ladders, and the ability to segregate concentrated stock positions. The firm does not operate a proprietary mutual fund or ETF series.

### How does Tumwater provide access to private markets given its size?

Tumwater does not sponsor its own direct private funds. Instead, qualified-client families gain exposure to private credit, private real estate, and private equity through institutional feeder vehicles or sub-advisory relationships. This approach lets the firm avoid the operational overhead of a broker-dealer or a direct-alternatives team while still addressing illiquidity-premium mandates.

### Is Tumwater affiliated with a bank or a larger financial institution?

No. Tumwater Wealth Management is an independently owned registered investment advisor. Public filings confirm no parent entity, private-equity sponsor, or bank holding company exercises control. The firm's independence removes product-distribution quotas and cross-selling mandates common in bank-affiliated wealth management.

### What is Tumwater's posture on fixed-income and tax management?

The firm makes municipal bonds a cornerstone of taxable-client portfolios, focusing on in-state Idaho issues where possible to maximize tax efficiency. Portfolio construction treats after-tax real return as the primary yardstick. Custom bond ladders, direct indexing, and asset-location strategies across taxable and tax-deferred accounts all serve that after-tax objective.

### How is Tumwater compensated, and does it accept commissions?

Tumwater operates on a fee-only advisory model, charging a percentage of assets under management. The firm does not maintain a broker-dealer arm and does not accept third-party commissions, revenue-sharing payments, or 12b-1 fees. Its Form ADV disclosure reflects a fee-only, fiduciary RIA structure.

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Last updated: 2026-06-03T20:00:00.000Z

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