# Blue Rock Financial Group

> Blue Rock Financial Group is an SEC-registered investment advisory firm in Rehoboth Beach, DE, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 298558
- Filed as: BLUE ROCK FINANCIAL GROUP
- Legal name: Dravo Bay LLC
- Also doing business as: BLUE ROCK 401K GROUP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Rehoboth Beach, DE
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298558
- AdvisorCensus page: https://advisorcensus.com/firm/blue-rock-financial-group-rehoboth-beach-de-298558

## Quick answers

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

**How much does Blue Rock Financial Group charge?**
Its Form ADV Part 2A brochure dated March 26, 2026 states: Flat fee: $1,500 to $24,000 (initial financial plan); Subscription: $100 to $2,000 a month (ongoing services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Blue Rock Financial Group located?**
Blue Rock Financial Group's principal office is in Rehoboth Beach, DE, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Blue Rock Financial Group registered with the SEC or a state?**
Blue Rock Financial Group is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 298558.

**How much does Blue Rock Financial Group manage?**
Blue Rock Financial Group reports $381,821,487 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (73% discretionary).

**How have Blue Rock Financial Group's assets and staff changed since 2021?**
In the Form ADV data for Blue Rock Financial Group: Regulatory assets under management: $153,885,000 in the October 2021 data and $381,821,487 in the October 2026 data, up 148%. Total employees: 5 in October 2021 and 10 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blue Rock Financial Group serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (140); high net worth individuals (125); pension and profit sharing plans (but not the plan participants or government pension plans) (49).

**Which custodians does Blue Rock Financial Group use?**
Blue Rock Financial Group's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists SEI Investments Distribution Co. as a custodian holding 10% or more of its separately managed account assets.

**Does Blue Rock Financial Group report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/298558

**What changed in Blue Rock Financial Group's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 3 to 5. Regulatory assets under management went from $335,047,553 to $381,821,487 (+14%). Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 26, 2026)

- Flat fee: $1,500 to $24,000 (initial financial plan)

> Annual ongoing engagements start with a financial plan that is billed for a fixed fee ranging from $1,500 to $24,000, depending on the scope and complexity of the Client engagement.

- Subscription: $100 to $2,000 a month (ongoing services)

> After the delivery of the initial financial plan, the ongoing fee ranges from $100 to $2,000 per month, based on the complexity and scope of the ongoing services.

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

### Custodians (Schedule D, Section 5.K(3))
- SEI Investments Distribution Co.

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $381,821,487
- Discretionary: $278,725,466
- Non-discretionary: $103,096,021

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 140 | $65,864,627 |
| High net worth individuals | 125 | $193,840,089 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 49 | $116,897,766 |
| Charitable organizations | Fewer than 5 | $5,219,005 |

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

### Firm details
- Registered since: 2020 (6 years)
- Employees: 10 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: DE, FL, MD, NJ, PA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- Wilmington, DE

### Websites listed on Form ADV (Item 1.I)
- [bluerockfg.com](https://bluerockfg.com)
- [nextdoor.com/pages/blue-rock-financial-group](https://nextdoor.com/pages/blue-rock-financial-group)
- Facebook @bluerockfg
- Instagram @bluerockfg
- LinkedIn @bluerockfg
- X @bluerockfg
- YouTube @bluerockfg

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $153,885,000 | 5 | September 24, 2021 |
| October 2022 | $196,880,020 | 7 | June 13, 2022 |
| October 2023 | $207,300,100 | 8 | August 24, 2023 |
| October 2024 | $274,274,805 | 10 | July 29, 2024 |
| October 2025 | $335,047,553 | 7 | July 9, 2025 |
| October 2026 | $381,821,487 | 10 | March 26, 2026 |

Regulatory assets under management: $153,885,000 in the October 2021 data and $381,821,487 in the October 2026 data, up 148%.
Total employees: 5 in October 2021 and 10 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 3 to 5.
- Regulatory assets under management went from $335,047,553 to $381,821,487 (+14%).
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blue Rock Financial Group (CRD 298558): Form ADV filing data as of October 2026.