# Boyd Watterson Asset Management, LLC

> 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.

- CRD: 107808
- Filed as: BOYD WATTERSON ASSET MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Cleveland, OH
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/107808
- AdvisorCensus page: https://advisorcensus.com/firm/boyd-watterson-asset-management-llc-cleveland-oh-107808

## Quick answers

**How is Boyd Watterson Asset Management, LLC compensated?**
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.

**Where is Boyd Watterson Asset Management, LLC located?**
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).

**Is Boyd Watterson Asset Management, LLC registered with the SEC or a state?**
Boyd Watterson Asset Management, LLC is an SEC-registered investment advisory firm, registered since 2000. Status as filed: Approved. CRD 107808.

**How much does Boyd Watterson Asset Management, LLC manage?**
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).

**How have Boyd Watterson Asset Management, LLC's assets and staff changed since 2021?**
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.

**What types of clients does Boyd Watterson Asset Management, LLC serve?**
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).

**Which custodians does Boyd Watterson Asset Management, LLC use?**
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.

**Does Boyd Watterson Asset 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/107808

**What changed in Boyd Watterson Asset Management, LLC's recent Form ADV filings?**
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.

## 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

### Custodians (Schedule D, Section 5.K(3))
- PNC Bank

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: $18,809,101,724
- Discretionary: $17,969,478,514
- Non-discretionary: $839,623,210

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 462 | $263,313,699 |
| High net worth individuals | 208 | $287,231,621 |
| Investment companies | 4 | $666,588,874 |
| Pooled investment vehicles (other than investment companies and business development companies) | 9 | $10,036,946,524 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 140 | $2,108,382,552 |
| Charitable organizations | 96 | $1,983,502,514 |
| State or municipal government entities (including government pension plans) | 40 | $1,595,504,072 |
| Insurance companies | 27 | $439,440,546 |
| Corporations or other businesses not listed above | 116 | $1,428,191,322 |

### Advisory services (Item 5.G)
- 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

### Firm details
- Registered since: 2000 (26 years)
- Employees: 140 total, 51 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: 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
- 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
- Atlanta, GA
- Bloomfield Hills, MI
- Chicago, IL
- Denver, CO
- New York, NY
- Tampa, FL
- Washington, DC
- West Hartford, CT

### Websites listed on Form ADV (Item 1.I)
- boydwatterson.com
- LinkedIn @BOYD-WATTERSON-ASSET-MANAGEMENT
- YouTube @UCIRkxpEV53q4vXaVP-IYLdQ

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $13,278,144,812 | 98 | March 31, 2021 |
| October 2022 | $16,738,915,196 | 116 | March 31, 2022 |
| October 2023 | $17,207,197,273 | 118 | March 31, 2023 |
| October 2024 | $17,878,495,158 | 121 | September 13, 2024 |
| October 2025 | $18,260,525,004 | 124 | March 25, 2025 |
| October 2026 | $18,809,101,724 | 140 | March 31, 2026 |

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.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 44 to 51.
- Added an office in Atlanta, GA.
- Added an office in New York, NY.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Boyd Watterson Asset Management, LLC (CRD 107808): Form ADV filing data as of October 2026.