# Blue Water Advisors LP

> Blue Water Advisors LP is an SEC-registered investment advisory firm in Boca Raton, FL, registered since 2017, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 288923
- Filed as: BLUE WATER ADVISORS LP
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boca Raton, FL
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/288923
- AdvisorCensus page: https://advisorcensus.com/firm/blue-water-advisors-lp-boca-raton-fl-288923

## Quick answers

**How is Blue Water Advisors LP compensated?**
On its Form ADV (Item 5.E, October 2026), Blue Water Advisors LP reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees.

**Where is Blue Water Advisors LP located?**
Blue Water Advisors LP's principal office is in Boca Raton, FL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Blue Water Advisors LP registered with the SEC or a state?**
Blue Water Advisors LP is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 288923.

**How much does Blue Water Advisors LP manage?**
Blue Water Advisors LP reports $927,895,144 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Blue Water Advisors LP's assets and staff changed since 2021?**
In the Form ADV data for Blue Water Advisors LP: Regulatory assets under management: $973,338,596 in the October 2021 data and $927,895,144 in the October 2026 data, down 5%. Total employees: 15 in October 2021 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blue Water Advisors LP serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5).

**Does Blue Water Advisors LP 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/288923

**What changed in Blue Water Advisors LP's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 9 to 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
- Fixed fees (other than subscription fees)
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $927,895,144
- Discretionary: $927,895,144
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 5 | $927,895,144 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2017 (9 years)
- Employees: 20 total, 14 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL, NY
- 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
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- bwalp.com
- LinkedIn @blue-water-advisors-lp

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $973,338,596 | 15 | June 17, 2021 |
| October 2022 | $1,190,991,872 | 18 | May 19, 2022 |
| October 2023 | $1,329,579,689 | 16 | March 31, 2023 |
| October 2024 | $1,664,993,428 | 18 | March 30, 2024 |
| October 2025 | $934,479,379 | 18 | March 31, 2025 |
| October 2026 | $927,895,144 | 20 | March 31, 2026 |

Regulatory assets under management: $973,338,596 in the October 2021 data and $927,895,144 in the October 2026 data, down 5%.
Total employees: 15 in October 2021 and 20 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 9 to 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 Water Advisors LP (CRD 288923): Form ADV filing data as of October 2026.