# Blue Water Wealth

> Blue Water Wealth is an SEC-registered investment advisory firm in Portland, OR, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 3, 2026.

- CRD: 164432
- Filed as: BLUE WATER WEALTH
- Legal name: Blue Water Wealth, Inc.
- Also doing business as: BLUE WATER, BWW
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Portland, OR
- Filing period: October 2026
- Form ADV filing dated: September 3, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164432
- AdvisorCensus page: https://advisorcensus.com/firm/blue-water-wealth-portland-or-164432

## Quick answers

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

**Where is Blue Water Wealth located?**
Blue Water Wealth's principal office is in Portland, OR, according to its Form ADV; the October 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Blue Water Wealth registered with the SEC or a state?**
Blue Water Wealth is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 164432.

**How much does Blue Water Wealth manage?**
Blue Water Wealth reports $472,802,960 in regulatory assets under management in its Form ADV filing dated September 3, 2026 (100% discretionary).

**How have Blue Water Wealth's assets and staff changed since 2021?**
In the Form ADV data for Blue Water Wealth: Regulatory assets under management: $268,823,958 in the October 2021 data and $472,802,960 in the October 2026 data, up 76%. Total employees: 10 in October 2021 and 15 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Blue Water Wealth serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (218); individuals (other than high net worth individuals) (185); corporations or other businesses not listed above (1).

**Which custodians does Blue Water Wealth use?**
Blue Water Wealth'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 Wealth 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/164432

**What changed in Blue Water Wealth's recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in NV.

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- 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: $472,802,960
- Discretionary: $472,802,960
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 185 | $67,568,730 |
| High net worth individuals | 218 | $404,357,495 |
| 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 | 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 | 1 | $876,735 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2018 (8 years)
- Employees: 15 total, 12 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AZ, CA, CO, NV, NY, OR, RI, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the October 2026 filing
- Seattle, WA

### Websites listed on Form ADV (Item 1.I)
- bluewaterwealth.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $268,823,958 | 10 | March 31, 2021 |
| October 2022 | $292,385,972 | 13 | March 30, 2022 |
| October 2023 | $233,232,890 | 17 | August 2, 2023 |
| October 2024 | $317,073,465 | 17 | March 27, 2024 |
| October 2025 | $384,236,117 | 14 | February 27, 2025 |
| October 2026 | $472,802,960 | 15 | September 3, 2026 |

Regulatory assets under management: $268,823,958 in the October 2021 data and $472,802,960 in the October 2026 data, up 76%.
Total employees: 10 in October 2021 and 15 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in NV.

### April 2026
- Employees performing advisory functions went from 11 to 12.
- Regulatory assets under management went from $384,236,117 to $472,802,960 (+23%).
- Updated its list of owners and control persons (Schedule A).

### January 2026
- Registered or notice-filed in CO, RI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Blue Water Wealth (CRD 164432): Form ADV filing data as of October 2026.