About us

Clearwater Advisors was founded in 2001. We are headquartered in Boise, Idaho and are one of the largest and most experienced fixed income asset managers in the Pacific Northwest.

meet the experts

Tap the images to read our bios.

tim dunn

Managing Partner, Chief Executive Officer

Tim joined Clearwater Advisors at its inception in 2001 and currently serves as Chief Executive Officer and Chief Compliance Officer. Since the firm's inception, Tim has been responsible for building out the trading, analytics, credit research, and risk systems across all fixed-income product platforms.

Tim began his career in the financial markets as a fixed income and derivatives trader for Sawtooth Investment Management. While there he developed and oversaw the trading, analytics, and risk systems for the equity hedge fund.

Tim holds degrees in Chemical Engineering and Physical Science from Brigham Young University. He enjoys time with his family fishing and skiing on the local lakes and rivers.

Philip Bartlett

Partner, Senior Portfolio Manager

Phil joined Clearwater Advisors in 2008 as a senior portfolio manager with an emphasis on credit. Phil manages a wide range of relationships and mandates covering short-, intermediate-, and long-term portfolios.

Active in the global fixed income markets since 1996, Phil's clients benefit from his global viewpoint on macro-economic matters and financial markets. Phil's prior experience includes institutional portfolios at the State of Alaska and the Alaska Retirement Board, GE Financial Assurance in Seattle, and in London with Germany's BGB Bank.

Phil holds a MBA in Finance and Accounting from the Univ. of Rochester and a BA in History and Political Science from the Univ. of Richmond. Phil enjoys spending time with his family, fly-fishing, traveling and coaching lacrosse.

Chris brechbuhler, CFA, CAIA

Partner, Senior Portfolio Manager

Chris joined Clearwater Advisors in 2011 as a Senior Portfolio Manager. He manages portfolios over a broad spectrum of investment policies and fixed income indices.

Chris has over 16 years of investment industry experience at Alaska Permanent Capital Management, CUNA Mutual Group and Nationwide Insurance. He has traded corporate, municipal, and commercial mortgage backed securities while managing portfolios across a broad spectrum of mandates. 

Chris received a BS in Finance and General Business from Miami University (Ohio) and is a CFA and CAIA Charterholder. He is also a member of the CFA Institute, the CFA Society of Idaho and the CAIA Association. Chris enjoys the Idaho outdoors and spends his free time with his wife, Cadie, and their children.

rhet hulbert

Partner, Senior Portfolio Manager

Rhet joined the portfolio management team in 2006, and specializes in portfolios with complicated investment policies and durations ranging from 3 months to 5 years. His technical expertise aids the team as he builds proprietary portfolio management tools as well as custom portfolio strategies.

Rhet’s work with Clearwater Advisors began in 2003 when he helped design, build and improve the Analytics System.

Rhet graduated Cum Laude and holds a Bachelor of Arts in Computer Information Systems from Boise State University. He spends most of his free time trying to keep up with his three daughters. When he is not chasing them, his is being chased by other runners in one of the many local running races.

don streetT

Associate Portfolio Manger

Don joined Clearwater Advisors in 2011 as a credit research analyst and has since become a portfolio manager. With previous experience as a credit research analyst, Don has the background and capability to add value to the clients with portfolios that are credit centered. He specializes in managing short-duration portfolios and helps with risk management.

Prior to joining Clearwater Advisors, Don developed financial modeling skills valuing public and private companies at WTAS in Los Angeles.

Don graduated from Brigham Young University in 2009 with a BS in Business Management, with a emphasis on Corporate Finance. He enjoys spending his free time with his family and coaching his children in various sports, especially football and basketball.

richard lin, CFA

Credit Research Analyst

Richard joined Clearwater Advisors in 2014 as a credit research analyst responsible for fundamental analysis, assessing credit ratings, and identifying relative value opportunities.

Richard is a generalist with particular focus on investment grade issuers. Richard has extensive experience in fixed income, and prior to joining Clearwater Advisors, worked on valuation, modeling, and regulation related to structured products and municipal securities at KPMG LLP.

Richard is a CFA Charterholder and received an MBA from UCLA Anderson and a BA in Business Economics from UCLA. Richard is a Southern California native which allows him to appreciate the beauty and uniqueness of Idaho.

SEAN TIERNEY

Director of Sales

Sean joined Clearwater Advisors in 2015. He currently serves as the Director of Sales and is responsible for all new business development within Clearwater Advisors.

Prior to Clearwater Advisors Sean did Securitized Product sales at Morgan Stanley. He helped in the development of Sylvan Road Capital and its operating company Havenbrook Homes. While at Sylvan Road, he raised over $600MM for the single family buy-to-rent strategy from top-tier asset managers and hedge funds.

Sean graduated from St. Mary’s College of Moraga with degrees in Economics and Business Administration. When he is not on the road he enjoys trying all the activities that Idaho offers with his wife, two kids and dog.

MATT PETERSON

Business Development

Matt joined Clearwater Advisors in 2017 as a Business Development Representative responsible for expanding the firm's prospecting, marketing and sales efforts. He also provides support to senior associates throughout the entire sales process.

Prior to joining Clearwater Advisors, Matt worked at Fidelity Investments in the Retirement Solutions group where he researched and implemented strategies for existing and prospective clients.

Matt earned a BS in Business Management from Utah Valley University and an MBA from Utah State University. Outside of work he enjoys spending time with his wife and two daughters, reading, golfing, and playing piano and cello.

Michelle Martin

Trade Operations Manager

Michelle joined Clearwater Advisors in 2013. She currently serves as the Trade Operations Manager and Compliance Analyst.

Michelle has advanced the settlement processes and worked with development in tuning and improving office operations. 

Michelle graduated from Boise State University with a Bachelor of Science degree. Outside of work, Michelle enjoys time with her family, running, and the beautiful Idaho outdoors.

Selena Warburton

Trade Operations Analyst

Selena joined Clearwater Advisors as an Operations Analyst in 2015. 

Selena handles trade settlements, custody and broker relationships, and regular client reporting. She is also responsible for daily office operations, scheduling, human resources and recruiting. 

Selena graduated from the College of Idaho with a Bachelor of Arts in Political Economy and Business Administration. She competed nationally as a member of the College of Idaho Varsity Swimming and Diving team.

Dave Dunn

Chief Technology Officer

Dave joined Clearwater Advisors at its inception in 2001 and currently serves as the Chief Technology Officer.

Dave has been fundamentally involved with the development of Clearwater Advisor's trade operations and internal systems.

Dave earned a bachelor’s degree in Chemical Engineering from Brigham Young University. He enjoys spending time with his family and playing the piano, cello, and basketball.

Victor Do

Software Developer

Victor joined Clearwater Advisors as a Software Developer in 2017.

Victor works in different functions as a developer to help maintain and refactor code as well as build in-house applications for daily operations.
 
Victor graduated magna cum laude from Boise State University with a degree in Computer Science. Victor enjoys playing and coaching tennis, disc golfing, rock climbing, hiking, and biking.

tim dunn

Chief Executive Officer

Tim joined Clearwater Advisors at its inception in 2001 and currently serves as Chief Executive Officer and Chief Compliance Officer. Since the firm's inception, Tim has been responsible for building out the trading, analytics, credit research, and risk systems across all fixed-income product platforms.

Tim began his career in the financial markets as a fixed income and derivatives trader for Sawtooth Investment Management. While there he developed and oversaw the trading, analytics, and risk systems for the equity hedge fund.

Tim holds degrees in Chemical Engineering and Physical Science from Brigham Young University. He enjoys time with his family fishing and skiing on the local lakes and rivers.

Philip Bartlett

Senior Portfolio Manager

Phil joined Clearwater Advisors in 2008 as a senior portfolio manager with an emphasis on credit. Phil manages a wide range of relationships and mandates covering short-, intermediate-, and long-term portfolios.

Active in the global fixed income markets since 1996, Phil's clients benefit from his global viewpoint on macro-economic matters and financial markets. Phil's prior experience includes institutional portfolios at the State of Alaska and the Alaska Retirement Board, GE Financial Assurance in Seattle, and in London with Germany's BGB Bank. 

Phil holds a MBA in Finance and Accounting from the Univ. of Rochester and a BA in History and Political Science from the Univ. of Richmond. Phil enjoys spending time with his family, fly-fishing, traveling and coaching lacrosse.

Chris brechbuhler, CFA, CAIA

Senior Portfolio Manager

Chris joined Clearwater Advisors in 2011 as a Senior Portfolio Manager. He manages portfolios over a broad spectrum of investment policies and fixed income indices. 

Chris has over 16 years of investment industry experience at Alaska Permanent Capital Management, CUNA Mutual Group and Nationwide Insurance. He has traded corporate, municipal, and commercial mortgage backed securities while managing portfolios across a broad spectrum of mandates. 

Chris received a BS in Finance and General Business from Miami University (Ohio) and is a CFA and CAIA Charterholder. He is also a member of the CFA Institute, the CFA Society of Idaho and the CAIA Association. Chris enjoys the Idaho outdoors and spends his free time with his wife, Cadie, and their children.

rhet hulbert

Senior Portfolio Manager

Rhet joined the portfolio management team in 2006, and specializes in portfolios with complicated investment policies and durations ranging from 3 months to 5 years. His technical expertise aids the team as he builds proprietary portfolio management tools as well as custom portfolio strategies.

Rhet’s work with Clearwater Advisors began in 2003 when he helped design, build and improve the Analytics System.

Rhet graduated Cum Laude and holds a Bachelor of Arts in Computer Information Systems from Boise State University. He spends most of his free time trying to keep up with his three daughters. When he is not chasing them, his is being chased by other runners in one of the many local running races.

don streetT

Associate Portfolio Manger

Don joined Clearwater Advisors in 2011 as a credit research analyst and has since become a portfolio manager. With previous experience as a credit research analyst, Don has the background and capability to add value to the clients with portfolios that are credit centered. He specializes in managing short-duration portfolios and helps with risk management.

Prior to joining Clearwater Advisors, Don developed financial modeling skills valuing public and private companies at WTAS in Los Angeles.

Don graduated from Brigham Young University in 2009 with a BS in Business Management, with a emphasis on Corporate Finance. He enjoys spending his free time with his family and coaching his children in various sports, especially football and basketball.

richard lin, CFA

Credit Research Analyst

Richard joined Clearwater Advisors in 2014 as a credit research analyst responsible for fundamental analysis, assessing credit ratings, and identifying relative value opportunities.

 Richard is a generalist with particular focus on investment grade issuers. Richard has extensive experience in fixed income, and prior to joining Clearwater Advisors, worked on valuation, modeling, and regulation related to structured products and municipal securities at KPMG LLP.

Richard is a CFA Charterholder and received an MBA from UCLA Anderson and a BA in Business Economics from UCLA. Richard is a Southern California native which allows him to appreciate the beauty and uniqueness of Idaho.

Sean tierney

Director of Sales

Sean joined Clearwater Advisors in 2015. He currently serves as the Director of Sales and is responsible for all new business development within Clearwater Advisors.

Prior to Clearwater Advisors Sean did Securitized Product sales at Morgan Stanley. He helped in the development of Sylvan Road Capital and its operating company Havenbrook Homes. While at Sylvan Road, he raised over $600MM for the single family buy-to-rent strategy from top-tier asset managers and hedge funds.

Sean graduated from St. Mary’s College of Moraga with degrees in Economics and Business Administration. When he is not on the road he enjoys trying all the activities that Idaho offers with his wife, two kids and dog.

matt peterson

Business Development

Matt joined Clearwater Advisors in 2017 as a Business Development Representative responsible for expanding the firm's prospecting, marketing and sales efforts. He also provides support to senior associates throughout the entire sales process.

Prior to joining Clearwater Advisors, Matt worked at Fidelity Investments in the Retirement Solutions group where he researched and implemented strategies for existing and prospective clients.

Matt earned a BS in Business Management from Utah Valley University and an MBA from Utah State University. Outside of work he enjoys spending time with his wife and two daughters, reading, golfing, and playing piano and cello.

Sean tierney

Director of Sales

Michelle joined Clearwater Advisors in 2013. She currently serves as the Trade Operations Manager and Compliance Analyst.

Michelle has advanced the settlement processes and worked with development in tuning and improving office operations. 

Michelle graduated from Boise State University with a Bachelor of Science degree. Outside of work, Michelle enjoys time with her family, running, and the beautiful Idaho outdoors.

matt peterson

Business Development

Selena joined Clearwater Advisors as an Operations Analyst in 2015. 

Selena handles trade settlements, custody and broker relationships, and regular client reporting. She is also responsible for daily office operations, scheduling, human resources and recruiting. 

Selena graduated from the College of Idaho with a Bachelor of Arts in Political Economy and Business Administration. She competed nationally as a member of the College of Idaho Varsity Swimming and Diving team.

Sean tierney

Director of Sales

Dave joined Clearwater Advisors at its inception in 2001 and currently serves as the Chief Technology Officer.

Dave has been fundamentally involved with the development of Clearwater Advisor's trade operations and internal systems. 

Dave earned a bachelor’s degree in Chemical Engineering from Brigham Young University. He enjoys spending time with his family and playing the piano, cello, and basketball.

matt peterson

Business Development

Victor joined Clearwater Advisors as a Software Developer in 2017.

Victor works in different functions as a developer to help maintain and refactor code as well as build in-house applications for daily operations.

 Victor graduated magna cum laude from Boise State University with a degree in Computer Science. Victor enjoys playing and coaching tennis, disc golfing, rock climbing, hiking, and biking.

Client sampling