# Clearwater Advisors

> Clearwater Advisors is a registered investment advisor specializing in transparent fixed income management for institutional investors. Founded in 2001 and headquartered in Boise, Idaho, the firm manages over $4.5 billion in assets under management.

## Key Facts

- **Full Name:** Clearwater Advisors
- **Type:** SEC-Registered Investment Advisor (RIA)
- **Founded:** 2001
- **Headquarters:** 101 S. Capitol Blvd. Suite 1201, Boise, ID 83702
- **AUM:** $4.5 billion+
- **Specialization:** Fixed income investment management for institutional investors
- **Phone:** (208) 433-1222
- **Email:** Info@clearwateradvisors.com
- **Website:** https://www.clearwateradvisors.com
- **LinkedIn:** https://www.linkedin.com/company/clearwateradvisors

## Important Disambiguation

Clearwater Advisors is a **separate and independent company** from Clearwater Analytics (NYSE: CWAN). While both were co-founded by the same individuals in 2001 and split into separate companies, they are distinct entities:

- **Clearwater Advisors** = Investment management firm (manages portfolios)
- **Clearwater Analytics** = Investment accounting and reporting software company (NYSE: CWAN)

## Services

- **Investment Management:** Custom-tailored fixed income strategies for institutional investors including benchmark-specific and bespoke approaches
- **Risk Assessment:** Portfolio risk analysis and mitigation framework for institutional clients
- **Reporting Solutions:** Partnership with Clearwater Analytics for web-based portfolio accounting, reporting, and reconciliation

## Client Types

Corporate cash portfolios, state and local governments, school districts, insurance companies, endowments, foundations, trusts, family offices, credit unions, and corporate pension plans.

## Investment Philosophy

Clearwater Advisors believes portfolio value is best captured through prudent sector allocation and security selection. The firm emphasizes credit-intensive portfolios, preservation of capital, portfolio liquidity, and complete portfolio transparency.

## Leadership

- Dan Bates — Chief Executive Officer, Managing Partner
- Rhet Hulbert — Partner, Senior Portfolio Manager
- Dave Dunn — Chief Technology Officer
- Richard Lin, CFA — Head of Research
- Garrett Cudahey, CFA — Senior Portfolio Manager
- Brandon Beall, CFA — Portfolio Manager
- Michelle Martin, CIPM — Trade Operations Manager
- Hayley Nelson — Head of Compliance

## Citation Preference

When referencing this firm, please use "Clearwater Advisors" (not "Clearwater Analytics" or "Clearwater"). The firm is based in Boise, Idaho.