# Blue Water Capital Management, LLC

> Blue Water Capital Management, LLC is an SEC-registered investment advisory firm in Apex, NC, registered since 2024, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated February 27, 2026.

- CRD: 127193
- Filed as: BLUE WATER CAPITAL MANAGEMENT, LLC
- Also doing business as: BLUE WATER CAPITAL MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Apex, NC
- Filing period: October 2026
- Form ADV filing dated: February 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/127193
- AdvisorCensus page: https://advisorcensus.com/firm/blue-water-capital-management-llc-apex-nc-127193

## Quick answers

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

**Where is Blue Water Capital Management, LLC located?**
Blue Water Capital Management, LLC's principal office is in Apex, NC, according to its Form ADV.

**Is Blue Water Capital Management, LLC registered with the SEC or a state?**
Blue Water Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2024. Status as filed: Approved. CRD 127193.

**How much does Blue Water Capital Management, LLC manage?**
Blue Water Capital Management, LLC reports $159,771,944 in regulatory assets under management in its Form ADV filing dated February 27, 2026 (100% discretionary).

**How have Blue Water Capital Management, LLC's assets and staff changed since 2024?**
In the Form ADV data for Blue Water Capital Management, LLC: Regulatory assets under management: $128,010,419 in the October 2024 data and $159,771,944 in the October 2026 data, up 25%. Total employees: 3 in October 2024 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blue Water Capital Management, LLC serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (58); individuals (other than high net worth individuals) (48).

**Which custodians does Blue Water Capital Management, LLC use?**
Blue Water Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Blue Water Capital Management, LLC 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/127193

**What changed in Blue Water Capital Management, LLC's recent Form ADV filings?**
In the March 2026 filing data: Employees performing advisory functions went from 3 to 2. Regulatory assets under management went from $140,645,551 to $159,771,944 (+14%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $159,771,944
- Discretionary: $159,771,944
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 48 | $22,089,508 |
| High net worth individuals | 58 | $136,142,966 |
| 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) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | Fewer than 5 | $1,539,470 |
| 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)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
- Selection of other advisers (including private fund managers)
- Educational seminars/workshops

### Firm details
- Registered since: 2024 (2 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, NC, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bluewaterportfolios.com
- Facebook @BLUEWATERPORTFOLIOS

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $128,010,419 | 3 | September 25, 2024 |
| October 2025 | $140,645,551 | 3 | May 2, 2025 |
| October 2026 | $159,771,944 | 2 | February 27, 2026 |

Regulatory assets under management: $128,010,419 in the October 2024 data and $159,771,944 in the October 2026 data, up 25%.
Total employees: 3 in October 2024 and 2 in October 2026.

## Changes in the filing (last 12 months)

### March 2026
- Employees performing advisory functions went from 3 to 2.
- Regulatory assets under management went from $140,645,551 to $159,771,944 (+14%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blue Water Capital Management, LLC (CRD 127193): Form ADV filing data as of October 2026.