{
  "crd_number": 343820,
  "slug": "brightwater-liquid-alternatives-advisor-llc-san-juan-pr-343820",
  "primary_business_name": "BRIGHTWATER LIQUID ALTERNATIVES ADVISOR LLC",
  "legal_name": "BRIGHTWATER LIQUID ALTERNATIVES ADVISOR LLC",
  "dbas": [],
  "city": "San Juan",
  "state": "PR",
  "country": "United States",
  "cbsa_code": "41980",
  "metro": null,
  "registration_type": "exempt",
  "registration_status": "State ERA - ACTIVE",
  "registration_date": "2026-10-01",
  "years_registered": 0,
  "period": "2026-10-01",
  "filing_date": "2026-09-28",
  "carried_forward": false,
  "raum_total": null,
  "raum_discretionary": null,
  "raum_non_discretionary": null,
  "raum_band": "not_reported",
  "raum_band_label": "Not reported",
  "total_employees": null,
  "advisory_employees": null,
  "client_count_bucket": null,
  "clients_by_type": null,
  "compensation_types": [],
  "advisory_activities": [],
  "wrap_fee_participant": null,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://linkedin.com/company/balavant-capital"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/343820",
  "city_as_filed": "SAN JUAN",
  "url": "https://advisorcensus.com/firm/brightwater-liquid-alternatives-advisor-llc-san-juan-pr-343820",
  "display_name": "Brightwater Liquid Alternatives Advisor LLC",
  "summary": "Brightwater Liquid Alternatives Advisor LLC is an exempt reporting adviser in San Juan, PR, filing reports since 2026. Exempt reporting advisers do not report regulatory assets under management on Form ADV.",
  "citation": "AdvisorCensus. Brightwater Liquid Alternatives Advisor LLC (CRD 343820): Form ADV filing data as of October 2026.",
  "registration_type_label": "Exempt reporting adviser",
  "compensation_labels": [],
  "advisory_activity_labels": [],
  "quick_answers": [
    {
      "q": "Where is Brightwater Liquid Alternatives Advisor LLC located?",
      "a": "Brightwater Liquid Alternatives Advisor LLC's principal office is in San Juan, PR, according to its Form ADV."
    },
    {
      "q": "How does Brightwater Liquid Alternatives Advisor LLC report to regulators?",
      "a": "Brightwater Liquid Alternatives Advisor LLC is an exempt reporting adviser, filing reports since 2026. Exempt reporting advisers file a shorter Form ADV. Status as filed: State ERA - ACTIVE. CRD 343820."
    },
    {
      "q": "Does Brightwater Liquid Alternatives Advisor 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 public record on IAPD: https://adviserinfo.sec.gov/firm/summary/343820"
    },
    {
      "q": "What changed in Brightwater Liquid Alternatives Advisor LLC's recent Form ADV filings?",
      "a": "In the October 2026 filing data: Began filing reports as an exempt reporting adviser."
    }
  ],
  "filing_history": [],
  "recent_changes": [
    {
      "period": "2026-10-01",
      "period_label": "October 2026",
      "notes": [
        "Began filing reports as an exempt reporting adviser."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/brightwater-liquid-alternatives-advisor-llc-san-juan-pr-343820.md",
  "clients": [],
  "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/343820",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}