# Bluestone Investment Manager, LLC

> Bluestone Investment Manager, LLC is an SEC-registered investment advisory firm in McLean, VA, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 21, 2026.

- CRD: 296820
- Filed as: BLUESTONE INVESTMENT MANAGER, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: McLean, VA
- Filing period: October 2026
- Form ADV filing dated: September 21, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/296820
- AdvisorCensus page: https://advisorcensus.com/firm/bluestone-investment-manager-llc-mclean-va-296820

## Quick answers

**How is Bluestone Investment Manager, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Bluestone Investment Manager, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**What does Bluestone Investment Manager, LLC's brochure say about its fees?**
Its Form ADV Part 2A brochure dated March 19, 2026 states: Asset-based fee: 2% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Bluestone Investment Manager, LLC located?**
Bluestone Investment Manager, LLC's principal office is in McLean, VA, according to its Form ADV.

**Is Bluestone Investment Manager, LLC registered with the SEC or a state?**
Bluestone Investment Manager, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 296820.

**How much does Bluestone Investment Manager, LLC manage?**
Bluestone Investment Manager, LLC reports $144,811,707 in regulatory assets under management in its Form ADV filing dated September 21, 2026 (100% discretionary).

**How have Bluestone Investment Manager, LLC's assets and staff changed since 2021?**
In the Form ADV data for Bluestone Investment Manager, LLC: Regulatory assets under management: $286,893,228 in the October 2023 data and $144,811,707 in the October 2026 data, down 50%. Total employees: 11 in October 2023 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Bluestone Investment Manager, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Bluestone Investment Manager, 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/296820

**What changed in Bluestone Investment Manager, LLC's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $261,719,693 to $144,811,707 (-45%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Fees and minimums (Form ADV Part 2A brochure dated March 19, 2026)

- Asset-based fee: 2% of assets a year

> Bluestone is generally compensated for its advisory services through asset-based management fees (“Management Fees”) of 2.0%, annually, of capital commitments of the investors of the relevant parallel Funds during the investment period.

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

### Regulatory assets under management (Item 5.F)
- Total: $144,811,707
- Discretionary: $144,811,707
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $144,811,707 |

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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 11 total, 10 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bluestoneinv.com
- LinkedIn @bluestone-investment-partners

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | Not reported | Not reported | April 2, 2021 |
| October 2022 | Not reported | Not reported | March 29, 2022 |
| October 2023 | $286,893,228 | 11 | June 18, 2023 |
| October 2024 | $307,567,007 | 11 | June 27, 2024 |
| October 2025 | $261,719,693 | 11 | March 27, 2025 |
| October 2026 | $144,811,707 | 11 | September 21, 2026 |

Regulatory assets under management: $286,893,228 in the October 2023 data and $144,811,707 in the October 2026 data, down 50%.
Total employees: 11 in October 2023 and 11 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $261,719,693 to $144,811,707 (-45%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Bluestone Investment Manager, LLC (CRD 296820): Form ADV filing data as of October 2026.