{
  "crd_number": 107808,
  "slug": "boyd-watterson-asset-management-llc-cleveland-oh-107808",
  "primary_business_name": "BOYD WATTERSON ASSET MANAGEMENT, LLC",
  "legal_name": "BOYD WATTERSON ASSET MANAGEMENT, LLC",
  "dbas": [],
  "city": "Cleveland",
  "state": "OH",
  "country": "United States",
  "cbsa_code": "17410",
  "metro": {
    "cbsa_code": "17410",
    "common_name": "Cleveland",
    "msa_name": "Cleveland, OH",
    "path": "/advisors/oh/cleveland"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2000-04-13",
  "years_registered": 26,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 18809101724.0,
  "raum_discretionary": 17969478514.0,
  "raum_non_discretionary": 839623210.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 140,
  "advisory_employees": 51,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 1983502514.0,
      "count": 96
    },
    "individuals": {
      "raum": 263313699.0,
      "count": 462
    },
    "state_municipal": {
      "raum": 1595504072.0,
      "count": 40
    },
    "insurance_companies": {
      "raum": 439440546.0,
      "count": 27
    },
    "investment_companies": {
      "raum": 666588874.0,
      "count": 4
    },
    "pension_profit_sharing": {
      "raum": 2108382552.0,
      "count": 140
    },
    "high_net_worth_individuals": {
      "raum": 287231621.0,
      "count": 208
    },
    "pooled_investment_vehicles": {
      "raum": 10036946524.0,
      "count": 9
    },
    "corporations_other_businesses": {
      "raum": 1428191322.0,
      "count": 116
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "PR",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VI",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://boydwatterson.com",
    "https://linkedin.com/COMPANY/BOYD-WATTERSON-ASSET-MANAGEMENT",
    "https://youtube.com/channel/UCIRkxpEV53q4vXaVP-IYLdQ"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107808",
  "city_as_filed": "CLEVELAND",
  "url": "https://advisorcensus.com/firm/boyd-watterson-asset-management-llc-cleveland-oh-107808",
  "display_name": "Boyd Watterson Asset Management, LLC",
  "summary": "Boyd Watterson Asset Management, LLC is an SEC-registered investment advisory firm in Cleveland, OH, registered since 2000, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Boyd Watterson Asset Management, LLC (CRD 107808): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Boyd Watterson Asset Management, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Boyd Watterson Asset Management, LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees); performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Boyd Watterson Asset Management, LLC located?",
      "a": "Boyd Watterson Asset Management, LLC's principal office is in Cleveland, OH, according to its Form ADV; the April 2026 filing also lists 8 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Boyd Watterson Asset Management, LLC registered with the SEC or a state?",
      "a": "Boyd Watterson Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 107808."
    },
    {
      "q": "How much does Boyd Watterson Asset Management, LLC manage?",
      "a": "Boyd Watterson Asset Management, LLC reports $18,809,101,724 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (96% discretionary)."
    },
    {
      "q": "How have Boyd Watterson Asset Management, LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Boyd Watterson Asset Management, LLC: Regulatory assets under management: $13,278,144,812 in the October 2021 data and $18,809,101,724 in the October 2026 data, up 42%. Total employees: 98 in October 2021 and 140 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Boyd Watterson Asset Management, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (462); high net worth individuals (208); pension and profit sharing plans (but not the plan participants or government pension plans) (140)."
    },
    {
      "q": "Which custodians does Boyd Watterson Asset Management, LLC use?",
      "a": "Boyd Watterson Asset Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists PNC Bank as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Boyd Watterson Asset Management, LLC report any disciplinary disclosures?",
      "a": "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/107808"
    },
    {
      "q": "What changed in Boyd Watterson Asset Management, LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 44 to 51. Added an office in Atlanta, GA. Added an office in New York, NY."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 13278144812.0,
      "total_employees": 98,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 16738915196.0,
      "total_employees": 116,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 17207197273.0,
      "total_employees": 118,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 17878495158.0,
      "total_employees": 121,
      "filing_date": "2024-09-13"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 18260525004.0,
      "total_employees": 124,
      "filing_date": "2025-03-25"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 18809101724.0,
      "total_employees": 140,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 44 to 51.",
        "Added an office in Atlanta, GA.",
        "Added an office in New York, NY."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "PNC Bank",
      "name_as_filed": "PNC BANK",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/boyd-watterson-asset-management-llc-cleveland-oh-107808.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 462,
      "fewer_than_5": false,
      "raum": 263313699.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 208,
      "fewer_than_5": false,
      "raum": 287231621.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 4,
      "fewer_than_5": false,
      "raum": 666588874.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 10036946524.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 140,
      "fewer_than_5": false,
      "raum": 2108382552.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 96,
      "fewer_than_5": false,
      "raum": 1983502514.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": 40,
      "fewer_than_5": false,
      "raum": 1595504072.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 27,
      "fewer_than_5": false,
      "raum": 439440546.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 116,
      "fewer_than_5": false,
      "raum": 1428191322.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/107808",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}