# Black Coral Financial Advisors, LLC

> Black Coral Financial Advisors, LLC is an SEC-registered investment advisory firm in Mount Olive, NJ, registered since 2012, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated February 24, 2026.

- CRD: 154623
- Filed as: BLACK CORAL FINANCIAL ADVISORS, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Mount Olive, NJ
- Filing period: October 2026
- Form ADV filing dated: February 24, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/154623
- AdvisorCensus page: https://advisorcensus.com/firm/black-coral-financial-advisors-llc-mount-olive-nj-154623

## Quick answers

**How is Black Coral Financial Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Black Coral Financial Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**Where is Black Coral Financial Advisors, LLC located?**
Black Coral Financial Advisors, LLC's principal office is in Mount Olive, NJ, according to its Form ADV.

**Is Black Coral Financial Advisors, LLC registered with the SEC or a state?**
Black Coral Financial Advisors, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 154623.

**How much does Black Coral Financial Advisors, LLC manage?**
Black Coral Financial Advisors, LLC reports $504,382,000 in regulatory assets under management in its Form ADV filing dated February 24, 2026 (65% discretionary).

**How have Black Coral Financial Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Black Coral Financial Advisors, LLC: Regulatory assets under management: $592,896,000 in the October 2021 data and $504,382,000 in the October 2026 data, down 15%. Total employees: 5 in October 2021 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Black Coral Financial Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (88).

**Does Black Coral Financial Advisors, LLC report any disciplinary disclosures?**
Reports 1 disclosure item on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/154623

**Does Black Coral Financial Advisors, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated February 24, 2026 says: "Black Coral generally requires a $500,000 account minimum for asset management services, but that amount is negotiable at Black Coral’s sole discretion."

**What changed in Black Coral Financial Advisors, LLC's recent Form ADV filings?**
In the March 2026 filing data: Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.D(2)). Employees performing advisory functions went from 5 to 4. Regulatory assets under management went from $936,042,000 to $504,382,000 (-46%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated February 24, 2026)

- Account minimum: $500,000 (the brochure says it may be waived or negotiated)

> Black Coral generally requires a $500,000 account minimum for asset management services, but that amount is negotiable at Black Coral’s sole discretion.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $504,382,000
- Discretionary: $327,391,000
- Non-discretionary: $176,991,000

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| High net worth individuals | 88 | $504,382,000 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2012 (14 years)
- Employees: 6 total, 4 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, FL, GA, MA, MI, NH, NJ, NY, PA, TX, VA
- Disclosures (Item 11): Reports 1 disclosure item on Form ADV Item 11.

### Item 11 questions answered yes
- 11.D(2): Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/154623

### Websites listed on Form ADV (Item 1.I)
- [blackcoralfa.com](https://blackcoralfa.com)

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $592,896,000 | 5 | January 10, 2021 |
| October 2022 | $752,063,000 | 6 | January 5, 2022 |
| October 2023 | $752,305,000 | 7 | January 23, 2023 |
| October 2024 | $809,923,000 | 7 | January 10, 2024 |
| October 2025 | $936,042,000 | 7 | May 12, 2025 |
| October 2026 | $504,382,000 | 6 | February 24, 2026 |

Regulatory assets under management: $592,896,000 in the October 2021 data and $504,382,000 in the October 2026 data, down 15%.
Total employees: 5 in October 2021 and 6 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Item 11 disclosure answers changed: 1 yes answer, previously 0 (now yes: 11.D(2)).
- Employees performing advisory functions went from 5 to 4.
- Regulatory assets under management went from $936,042,000 to $504,382,000 (-46%).

### December 2025
- Employees performing advisory functions went from 6 to 5.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Black Coral Financial Advisors, LLC (CRD 154623): Form ADV filing data as of October 2026.