Description of Advisory Firm TruMix Advisors (“TruMix”) is a Minnesota limited liability company founded in 2020 and initially registered with the SEC in March of 2024. Tyler J. Engbrecht, Grant A. Meyer, and Stacey Stelter are the principal owners of TruMix. Tyler J. Engbrecht is our Chief Compliance Officer.
The information contained in this brochure describes our investment advisory services, practices, and fees. Please refer to the description of each investment advisory service listed below for information on how we tailor our services to the needs of our clients. As used throughout this firm brochure, the words “TruMix,” “we,” “our,” “firm,” “Advisor,” and “us” refer to TruMix Advisors, and the words “you,” “your,” and “Client” refer to you as either a client or prospective client of our firm.
Types of Advisory Services Investment Management We are in the business of managing individually tailored investment portfolios. Our firm provides continuous advice to a Client regarding the investment of Client funds based on the individual needs of the Client. Through personal discussions in which goals and objectives based on a Client's particular circumstances are established, we develop a Client's personal investment policy or an investment plan with an asset allocation target and create and manage a portfolio based on that policy and allocation targets. We will also review and discuss a Client’s prior investment history, as well as family composition and background.
Account supervision is guided by the stated objectives of the Client (e.g., maximum capital appreciation, growth, income, or growth, and income), as well as tax considerations, time horizon, and risk tolerance. We manage these accounts on a discretionary basis. More information about our discretionary authority can be found in Item 16 of this Brochure.
If requested by the Client and upon mutual agreement, we also provide investment management services for held away accounts, such as 529 Plans, 401(k) and other employer sponsored tax qualified accounts, as well as other brokerage accounts that the Client maintains at other financial institutions. Clients who choose to have our firm manage their held-away accounts will be required to connect those accounts to a third-party trading and management platform which allows us to manage their investments without maintaining custody of their held away accounts. We will under no circumstances accept client log-in credentials to access or effect trades in Client’s held-away accounts.
Ongoing Comprehensive Financial Planning This service involves working one-on-one with a financial planner (“planner”) over an extended period of time.
By paying an annual fee, billed in monthly increments, Clients get to work with a planner who will work with them to develop and implement their financial plan (the “plan”). The planner will monitor the plan, recommend any changes and ensure the plan is up to date.
Upon desiring a comprehensive plan, a Client will be taken through establishing their goals and values around money. They will be required to provide information to help complete the following areas of analysis: net worth, cash flow, insurance, employee benefit, retirement planning, insurance, investments, college planning, and estate planning. Once the Client's information is reviewed, their plan will be built and analyzed, and then the findings, analysis and potential changes to their current situation will be reviewed with the Client. The plan and the Client's financial situation and goals will be monitored throughout the year and follow-up phone calls and emails will be made to the Client to confirm that any agreed upon action steps have been carried out. On an annual basis, there will be a full review of this plan to ensure its accuracy and ongoing appropriateness. Any needed updates will be implemented at that time.
In general, financial plans will address any or all of the following areas of concern. The Client and planner will work together to select specific areas to cover. These areas may include, but are not limited to, the following: Business Planning: We provide consulting services for Clients who currently operate their own business, are considering starting a business, or are planning for an exit from their current business. Under this type of engagement, we work with you to assess your current situation, identify your objectives, and develop a plan aimed at achieving your goals.
College Savings: Includes projecting the amount that will be needed to achieve college or other post-secondary education funding goals, along with advice on ways for you to save the desired amount.
Recommendations as to savings strategies are included, and, if needed, we will review your financial picture as it relates to eligibility for financial aid or the best way to contribute to grandchildren (if appropriate).
Employee Benefits Optimization: We will provide analysis as to whether you, as an employee, are taking the maximum advantage possible of your employee benefits. If you are a business owner, we will consider and/or recommend the various benefit programs that can be structured to meet both business and personal retirement goals.
Estate Planning: This usually includes an analysis of your exposure to estate taxes and your current estate plan, which may include whether you have a will, powers of attorney, trusts, and other related documents. Our advice also typically includes ways for you to minimize or avoid future estate taxes by implementing appropriate estate planning strategies such as the use of applicable trusts.
Financial Goals: We will help Clients identify financial goals and develop a plan to reach them.

We will identify what you plan to accomplish, what resources you will need to make it happen, how much time you will need to reach the goal, and how much you should budget for your goal.
Insurance: Review of existing policies to ensure proper coverage for life, health, disability, long-term care, liability, home, and automobile.
Investment Analysis: This may involve developing an asset allocation strategy to meet Clients’ financial goals and risk tolerance, providing information on investment vehicles and strategies, reviewing employee stock options, as well as assisting you in establishing your own investment account at a selected broker/dealer or custodian. The strategies and types of investments we may recommend are further discussed in Item 8 of this brochure.
Retirement Planning: Our retirement planning services typically include projections of your likelihood of achieving your financial goals, typically focusing on financial independence as the primary objective. For situations where projections show less than the desired results, we may make recommendations, including those that may impact the original projections by adjusting certain variables (e.g., working longer, saving more, spending less, taking more risk with investments).
If you are near retirement or already retired, advice may be given on appropriate distribution strategies to minimize the likelihood of running out of money or having to adversely alter spending during your retirement years.
Risk Management: A risk management review includes an analysis of your exposure to major risks that could have a significant adverse impact on your financial picture, such as premature death, disability, property and casualty losses, or the need for long‐term care planning. Advice may be provided on ways to minimize such risks and about weighing the costs of purchasing insurance versus the benefits of doing so and, likewise, the potential cost of not purchasing insurance (“self‐insuring”).
Tax Planning Strategies: Advice may include ways to minimize current and future income taxes as a part of your overall financial planning picture. For example, we may make recommendations on which type of account(s) or specific investments should be owned based in part on their “tax efficiency,” with the consideration that there is always a possibility of future changes to federal, state or local tax laws and rates that may impact your situation.
We recommend that you consult with a qualified tax professional before initiating any tax planning strategy, and we may provide you with contact information for accountants or attorneys who specialize in this area if you wish to hire someone for such purposes. We will participate in meetings or phone calls between you and your tax professional with your approval.
Philanthropic Planning: Philanthropic planning services typically include a discovery of your charitable inclinations and advice on how best to incorporate those into your overall financial plan. For clients who wish to dedicate a portion of their financial resources to charitable giving, TruMix will work with them to develop tax-efficient giving strategies to achieve your charitable and estate goals.
Project-Based Financial planning We provide project-based financial planning services on a limited scope one-time engagement. Project-Based Financial Planning is available for Clients looking to address specific questions or issues. The Client may choose from one or more of the above topics to cover or other areas as requested and agreed to by TruMix.
SIMPLE IRA Investment Management Our firm provides employee benefit plan services to plan participants and plan sponsors.
Plan Participants. For Plan participants, TruMix will have discretionary authority to determine a target asset allocation between various asset classes available in the Client’s Simple IRA plan designed to be consistent with the Client’s investment objectives and risk tolerance. The Simple IRA plan will be monitored on an ongoing basis.
Plan Sponsors. For Plan Sponsors, TruMix services consist of assisting plan sponsors in establishing, monitoring and reviewing their company's participant-directed retirement plan. As the needs of the plan sponsor dictate, areas of advising could include: investment options, plan structure, and participant education.
In providing employee benefit plan services, our firm does not provide any advisory services with respect to the following types of assets: employer securities, real estate (excluding real estate funds and publicly traded REITS), participant loans, non-publicly traded securities or assets, other illiquid investments, or brokerage window programs (collectively, “Excluded Assets”).
Client Tailored Services and Client Imposed Restrictions We offer the same suite of services to all of our Clients. However, specific Client financial plans and their implementation are dependent upon the Client Investment Policy Statement which outlines each Client’s current situation and is used to construct a Client specific plan to aid in the selection of a portfolio that matches restrictions, needs, and targets.
Clients are able to specify, within reason, any restrictions they would like to place as it pertains to individual securities and/or sectors that will be traded in their account. All such requests must be provided to TruMix in writing. TruMix will notify Clients if they are unable to accommodate any requests.
Wrap Fee Programs We do not participate in wrap fee programs.
Assets under Management As of December 31, 2023, TruMix has $112,294,556 in discretionary and $23,641 in non-discretionary assets under management.