{
  "path": "/advisors/pr/fee-only",
  "url": "https://advisorcensus.com/advisors/pr/fee-only",
  "page_type": "state_fee",
  "title": "Fee-only financial advisors in Puerto Rico",
  "filters": {},
  "scope_total": 18,
  "faq": [
    {
      "q": "How many financial advisory firms are there in Puerto Rico?",
      "a": "AdvisorCensus lists 188 investment advisory firms with a principal office in Puerto Rico, from Form ADV filings as of October 2026: 50 SEC-registered, 34 state-registered, and 104 exempt reporting advisers. Firms may request removal, so the count can differ slightly from the number of firms that file Form ADV."
    },
    {
      "q": "How many fee-only financial advisors are in Puerto Rico?",
      "a": "18 of the 188 firms meet AdvisorCensus's fee-only test: paid only by a percentage of assets, hourly charges, fixed fees, or subscription fees on Form ADV Item 5.E (no commissions, performance-based fees, or other compensation), with no sales-related compensation ties in the same filing: no employee registered with a broker-dealer or licensed as an insurance agent (Item 5.B), no brokerage, insurance, real estate, or other product sales business (Item 6.A), no related broker-dealer, insurance company, real estate broker, or futures commission merchant (Item 7.A), and no referral fees from others or other sales interest (Item 8). Form ADV has no fee-only box, so this is derived from the filing; it is not a fee-only certification, and a firm's own page lists its compensation arrangements as filed."
    },
    {
      "q": "How many financial advisors in Puerto Rico offer financial planning?",
      "a": "26 of the 84 firms in Puerto Rico that answer Form ADV Item 5.G, which asks what advisory services a firm provides, report financial planning services, as of October 2026. Exempt reporting advisers do not answer Item 5.G. Each firm page lists every advisory service the firm reports."
    },
    {
      "q": "Are the financial advisors in Puerto Rico fiduciaries?",
      "a": "Every firm on this page is an investment adviser that files Form ADV, and an investment adviser owes its clients a fiduciary duty under federal law, made up of a duty of care and a duty of loyalty: it must act in the client's best interest and not put its own interests ahead of the client's, and must eliminate its conflicts of interest or disclose them fully and fairly. Form ADV has no fiduciary box because the duty comes with being an investment adviser. The duty covers the firm's advice; a firm or its people may also sell securities through a broker-dealer or insurance as licensed agents, roles held to other standards. The 18 firms that meet AdvisorCensus's fee-only test report none of those sales ties."
    },
    {
      "q": "How do I check whether a financial advisor has disciplinary disclosures?",
      "a": "Each firm page shows how many Form ADV Item 11 disciplinary questions the firm answered yes and links to the firm's record on the SEC's Investment Adviser Public Disclosure site (adviserinfo.sec.gov), where the detail of each disclosure is public. Individual advisers' records are on the same site and on FINRA BrokerCheck."
    },
    {
      "q": "Does AdvisorCensus rate, verify, or recommend these firms?",
      "a": "No. The directory shows what each firm filed, in alphabetical order unless you choose another sort, and no firm's position depends on payment. Firms that claim their page can add a description and links, marked as provided by the firm; the filed facts are never changed by that content."
    },
    {
      "q": "What does regulatory assets under management mean?",
      "a": "Regulatory assets under management (RAUM) is the figure a firm reports on Form ADV Item 5.F: the securities portfolios it provides continuous and regular supervisory or management services for, at market value, including assets managed without discretion. It measures scale, not performance or quality."
    }
  ],
  "period": "2026-10-01",
  "answer_paragraph": "AdvisorCensus lists 18 investment advisory firms with a principal office in Puerto Rico that meet AdvisorCensus's fee-only test: paid only by client fees on Form ADV Item 5.E, with no employee registered with a broker-dealer or licensed as an insurance agent, no brokerage, insurance, or real estate sales business or related company, and no referral fees from others, drawn from Form ADV filings as of October 2026. Firms are listed alphabetically; sort by years registered or assets band using the controls below, and read the methodology block for how this page is derived.",
  "about_market": null,
  "citation": "AdvisorCensus. Fee-only financial advisors in Puerto Rico: 18 firms from Form ADV filings as of October 2026.",
  "total_firms": 18,
  "page": 1,
  "total_pages": 1,
  "sort": "name",
  "registration_types": {
    "sec": 9,
    "state": 9,
    "exempt": 0
  },
  "fee_model_mix": [
    {
      "code": "fee-only",
      "count": 18
    },
    {
      "code": "percentage_of_aum",
      "count": 18
    },
    {
      "code": "hourly",
      "count": 4
    },
    {
      "code": "subscription",
      "count": 0
    },
    {
      "code": "fixed",
      "count": 9
    },
    {
      "code": "commissions",
      "count": 0
    },
    {
      "code": "performance_based",
      "count": 0
    },
    {
      "code": "other",
      "count": 0
    },
    {
      "code": "not_reported",
      "count": 0
    }
  ],
  "years_registered_distribution": [
    {
      "code": "under_5",
      "count": 8
    },
    {
      "code": "5_to_9",
      "count": 5
    },
    {
      "code": "10_to_19",
      "count": 5
    },
    {
      "code": "20_plus",
      "count": 0
    },
    {
      "code": "not_reported",
      "count": 0
    }
  ],
  "raum_band_distribution": [
    {
      "code": "under_25m",
      "count": 4
    },
    {
      "code": "25m_100m",
      "count": 3
    },
    {
      "code": "100m_500m",
      "count": 5
    },
    {
      "code": "500m_1b",
      "count": 2
    },
    {
      "code": "1b_5b",
      "count": 2
    },
    {
      "code": "over_5b",
      "count": 0
    },
    {
      "code": "not_reported",
      "count": 2
    }
  ],
  "firms": [
    {
      "crd_number": 333539,
      "name": "AEP Management Company, LLC.",
      "name_as_filed": "AEP MANAGEMENT COMPANY, LLC.",
      "url": "https://advisorcensus.com/firm/aep-management-company-llc-san-juan-pr-333539",
      "city": "San Juan",
      "state": "PR",
      "years_registered": 0,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 173561,
      "name": "Atlas Asset Management LLC",
      "name_as_filed": "ATLAS ASSET MANAGEMENT LLC",
      "url": "https://advisorcensus.com/firm/atlas-asset-management-llc-guaynabo-pr-173561",
      "city": "Guaynabo",
      "state": "PR",
      "years_registered": 5,
      "raum_band": "500m_1b",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 165146,
      "name": "Blue Ocean Strategic Advisors, LLC",
      "name_as_filed": "BLUE OCEAN STRATEGIC ADVISORS, LLC",
      "url": "https://advisorcensus.com/firm/blue-ocean-strategic-advisors-llc-san-juan-pr-165146",
      "city": "San Juan",
      "state": "PR",
      "years_registered": 13,
      "raum_band": "not_reported",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 136914,
      "name": "Broxton Capital Advisors",
      "name_as_filed": "BROXTON CAPITAL ADVISORS",
      "url": "https://advisorcensus.com/firm/broxton-capital-advisors-old-san-juan-pr-136914",
      "city": "Old San Juan",
      "state": "PR",
      "years_registered": 14,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 313295,
      "name": "Chapel Bridge Wealth Advisors",
      "name_as_filed": "CHAPEL BRIDGE WEALTH ADVISORS",
      "url": "https://advisorcensus.com/firm/chapel-bridge-wealth-advisors-san-juan-pr-313295",
      "city": "San Juan",
      "state": "PR",
      "years_registered": 4,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 331477,
      "name": "Chinea Wealth Management LLC",
      "name_as_filed": "CHINEA WEALTH MANAGEMENT LLC",
      "url": "https://advisorcensus.com/firm/chinea-wealth-management-llc-guaynabo-pr-331477",
      "city": "Guaynabo",
      "state": "PR",
      "years_registered": 2,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 283973,
      "name": "ESI Advisors",
      "name_as_filed": "ESI ADVISORS",
      "url": "https://advisorcensus.com/firm/esi-advisors-ponce-pr-283973",
      "city": "Ponce",
      "state": "PR",
      "years_registered": 10,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 147546,
      "name": "Freedom Advisory",
      "name_as_filed": "FREEDOM ADVISORY",
      "url": "https://advisorcensus.com/firm/freedom-advisory-guaynabo-pr-147546",
      "city": "Guaynabo",
      "state": "PR",
      "years_registered": 9,
      "raum_band": "500m_1b",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 322668,
      "name": "Intuitivo LLC",
      "name_as_filed": "INTUITIVO LLC",
      "url": "https://advisorcensus.com/firm/intuitivo-llc-guaynabo-pr-322668",
      "city": "Guaynabo",
      "state": "PR",
      "years_registered": 4,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum",
        "hourly",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 308212,
      "name": "Lumiere Bay",
      "name_as_filed": "LUMIERE BAY",
      "url": "https://advisorcensus.com/firm/lumiere-bay-carolina-pr-308212",
      "city": "Carolina",
      "state": "PR",
      "years_registered": 6,
      "raum_band": "not_reported",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    },
    {
      "crd_number": 134513,
      "name": "Nichols Group LLC",
      "name_as_filed": "NICHOLS GROUP LLC",
      "url": "https://advisorcensus.com/firm/nichols-group-llc-134513",
      "city": null,
      "state": null,
      "years_registered": 0,
      "raum_band": "25m_100m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 304978,
      "name": "Owlcrest Partners LLC",
      "name_as_filed": "OWLCREST PARTNERS LLC",
      "url": "https://advisorcensus.com/firm/owlcrest-partners-llc-san-juan-pr-304978",
      "city": "San Juan",
      "state": "PR",
      "years_registered": 6,
      "raum_band": "under_25m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 323280,
      "name": "Praetorian PR LLC",
      "name_as_filed": "PRAETORIAN PR LLC",
      "url": "https://advisorcensus.com/firm/praetorian-pr-llc-rincon-pr-323280",
      "city": "Rincon",
      "state": "PR",
      "years_registered": 3,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 337701,
      "name": "Robostrategy Advisors",
      "name_as_filed": "ROBOSTRATEGY ADVISORS",
      "url": "https://advisorcensus.com/firm/robostrategy-advisors-san-juan-pr-337701",
      "city": "San Juan",
      "state": "PR",
      "years_registered": 1,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 335379,
      "name": "Sava Capital LLC",
      "name_as_filed": "SAVA CAPITAL LLC",
      "url": "https://advisorcensus.com/firm/sava-capital-llc-dorado-pr-335379",
      "city": "Dorado",
      "state": "PR",
      "years_registered": 1,
      "raum_band": "1b_5b",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 173621,
      "name": "Swan Global Management",
      "name_as_filed": "SWAN GLOBAL MANAGEMENT",
      "url": "https://advisorcensus.com/firm/swan-global-management-humacao-pr-173621",
      "city": "Humacao",
      "state": "PR",
      "years_registered": 11,
      "raum_band": "1b_5b",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 105192,
      "name": "Thomas Wright Asset Management, Inc.",
      "name_as_filed": "THOMAS WRIGHT ASSET MANAGEMENT, INC.",
      "url": "https://advisorcensus.com/firm/thomas-wright-asset-management-inc-san-juan-pr-105192",
      "city": "San Juan",
      "state": "PR",
      "years_registered": 11,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum"
      ],
      "enhanced": false
    },
    {
      "crd_number": 305222,
      "name": "Vauban Wealth Management",
      "name_as_filed": "VAUBAN WEALTH MANAGEMENT",
      "url": "https://advisorcensus.com/firm/vauban-wealth-management-guaynabo-pr-305222",
      "city": "Guaynabo",
      "state": "PR",
      "years_registered": 6,
      "raum_band": "100m_500m",
      "compensation_types": [
        "percentage_of_aum",
        "fixed"
      ],
      "enhanced": false
    }
  ],
  "states": [],
  "metros": [],
  "siblings": {
    "national": "/advisors",
    "state": {
      "path": "/advisors/pr",
      "label": "Financial advisors in Puerto Rico"
    },
    "fee_pages": [
      {
        "path": "/advisors/pr/flat-fee",
        "label": "Flat-fee financial advisors in Puerto Rico",
        "firm_count": 35
      },
      {
        "path": "/advisors/pr/hourly",
        "label": "Hourly financial advisors in Puerto Rico",
        "firm_count": 17
      }
    ],
    "metro_fee_pages": []
  },
  "csv": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}