# Brightwater Advisory, LLC

> Brightwater Advisory, LLC is an SEC-registered investment advisory firm in Tampa, FL, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 16, 2026.

- CRD: 169806
- Filed as: BRIGHTWATER ADVISORY, LLC
- Also doing business as: TAMPA ASSET MANAGEMENT
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Tampa, FL
- Filing period: October 2026
- Form ADV filing dated: March 16, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/169806
- AdvisorCensus page: https://advisorcensus.com/firm/brightwater-advisory-llc-tampa-fl-169806

## Quick answers

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

**How much does Brightwater Advisory, LLC charge?**
Its Form ADV Part 2A brochure dated March 16, 2026 states: Flat fee: $400 to $3,000 (stand-alone consulting services). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Brightwater Advisory, LLC located?**
Brightwater Advisory, LLC's principal office is in Tampa, FL, according to its Form ADV.

**Is Brightwater Advisory, LLC registered with the SEC or a state?**
Brightwater Advisory, LLC is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 169806.

**How much does Brightwater Advisory, LLC manage?**
Brightwater Advisory, LLC reports $303,758,272 in regulatory assets under management in its Form ADV filing dated March 16, 2026 (96% discretionary).

**How have Brightwater Advisory, LLC's assets and staff changed since 2021?**
In the Form ADV data for Brightwater Advisory, LLC: Regulatory assets under management: $194,509,708 in the October 2021 data and $303,758,272 in the October 2026 data, up 56%. Total employees: 5 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Brightwater Advisory, LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (146); high net worth individuals (127); corporations or other businesses not listed above (7).

**Which custodians does Brightwater Advisory, LLC use?**
Brightwater Advisory, 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 Brightwater Advisory, 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/169806

**Does Brightwater Advisory, LLC state an account minimum?**
Its Form ADV Part 2A brochure dated March 16, 2026 says: "There are no minimum investment amounts or conditions required for establishing an account managed by Brightwater."

## From the Form ADV filing

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

### Fees and minimums (Form ADV Part 2A brochure dated March 16, 2026)

- Account minimum: None

> There are no minimum investment amounts or conditions required for establishing an account managed by Brightwater.

- Flat fee: $400 to $3,000 (stand-alone consulting services)

> These fees are negotiable, but range from $400 to $3,000 on a fixed fee basis and from $200 to $400 on an hourly basis, depending upon the scope and complexity

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

### 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: $303,758,272
- Discretionary: $292,916,174
- Non-discretionary: $10,842,098

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 146 | $29,029,449 |
| High net worth individuals | 127 | $264,332,941 |
| 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) | 3 | $3,109,202 |
| Charitable organizations | 2 | $4,594,187 |
| 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 | 7 | $2,692,493 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2017 (9 years)
- Employees: 5 total, 2 performing advisory functions
- Wrap fee program participation: Yes
- States registered or notice-filed: FL, GA, NC, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- brightwateradvisory.com
- tampaasset.com
- LinkedIn @brightwater-advisory
- X @BRIGHTWATERADV

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $194,509,708 | 5 | March 24, 2021 |
| October 2022 | $220,329,517 | 6 | March 25, 2022 |
| October 2023 | $210,500,452 | 6 | March 29, 2023 |
| October 2024 | $240,215,320 | 6 | March 22, 2024 |
| October 2025 | $276,566,998 | 6 | March 25, 2025 |
| October 2026 | $303,758,272 | 5 | March 16, 2026 |

Regulatory assets under management: $194,509,708 in the October 2021 data and $303,758,272 in the October 2026 data, up 56%.
Total employees: 5 in October 2021 and 5 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Brightwater Advisory, LLC (CRD 169806): Form ADV filing data as of October 2026.