AdvisorCensus / Financial advisors / Massachusetts / Boston / Broadwater Capital Management LLC
Broadwater Capital Management LLC
Filed as BROADWATER CAPITAL MANAGEMENT LLC
Broadwater Capital Management LLC is an SEC-registered investment advisory firm in Boston, MA, registered since 2022, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated September 18, 2026.
Quick answers
From the filingHow is Broadwater Capital Management LLC compensated?
On its Form ADV (Item 5.E, October 2026), Broadwater Capital Management LLC reports these compensation arrangements: a percentage of assets under its management.
How much does Broadwater Capital Management LLC charge?
Its Form ADV Part 2A brochure dated March 25, 2026 states: Up to $1,000,000: 1% a year; $1,000,000 to $2,000,000: 0.8% a year; Above $2,000,000: 0.65% a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.
Where is Broadwater Capital Management LLC located?
Broadwater Capital Management LLC's principal office is in Boston, MA, according to its Form ADV.
Is Broadwater Capital Management LLC registered with the SEC or a state?
Broadwater Capital Management LLC is an SEC-registered investment advisory firm, registered since 2022. Status as filed: Approved. CRD 125509.
How much does Broadwater Capital Management LLC manage?
Broadwater Capital Management LLC reports $161,029,271 in regulatory assets under management in its Form ADV filing dated September 18, 2026 (100% discretionary).
How have Broadwater Capital Management LLC's assets and staff changed since 2022?
In the Form ADV data for Broadwater Capital Management LLC: Regulatory assets under management: $163,092,030 in the October 2022 data and $161,029,271 in the October 2026 data, down 1%. Total employees: 2 in October 2022 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Broadwater Capital Management LLC serve?
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (18); high net worth individuals (18).
Which custodians does Broadwater Capital Management LLC use?
Broadwater Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists National Financial Services LLC as a custodian holding 10% or more of its separately managed account assets.
Does Broadwater Capital 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/125509
Does Broadwater Capital Management LLC state an account minimum?
Its Form ADV Part 2A brochure dated March 25, 2026 says: "Broadwater generally provides investment advisory services to individuals, trusts, charitable entities, small institutions, and personal corporations. Broadwater does not require a minimum account size."
What changed in Broadwater Capital Management LLC's recent Form ADV filings?
In the October 2026 filing data: Updated its list of owners and control persons (Schedule A).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2A| Assets | Annual rate |
|---|---|
| Up to $1,000,000 | 1% |
| $1,000,000 to $2,000,000 | 0.8% |
| Above $2,000,000 | 0.65% |
The brochure's wording
The firm’s current fee schedule, on an annualized basis will be the following percentage of assets: 1.0% of the first $1,000,000 0.8% of the next $1,000,000 0.65% of the balance
Account minimum: None
The brochure's wording
Broadwater generally provides investment advisory services to individuals, trusts, charitable entities, small institutions, and personal corporations. Broadwater does not require a minimum account size.
As stated in the firm's Form ADV Part 2A brochure dated March 25, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$161,029,271 as of October 2026, filing dated September 18, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2022 (4 years)
- Employees
- Total: 1. Performing investment advisory functions: 1.
- Wrap fee program participation
- No.
- Custodians (Schedule D, Section 5.K(3))
-
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.
- States registered or notice-filed
-
2 states or jurisdictions
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $161,029,271 | 1 | September 18, 2026 |
| October 2025 | $153,576,644 | 1 | March 27, 2025 |
| October 2024 | $151,585,557 | 1 | March 20, 2024 |
| October 2023 | $144,368,592 | 1 | March 23, 2023 |
| October 2022 | $163,092,030 | 2 | July 15, 2022 |
Regulatory assets under management: $163,092,030 in the October 2022 data and $161,029,271 in the October 2026 data, down 1%.
Total employees: 2 in October 2022 and 1 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- October 2026
- Updated its list of owners and control persons (Schedule A).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.INot reported.
Source: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Broadwater Capital Management LLC (CRD 125509): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/broadwater-capital-management-llc-boston-ma-125509