# 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.

- CRD: 125509
- Filed as: BROADWATER CAPITAL MANAGEMENT LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boston, MA
- Filing period: October 2026
- Form ADV filing dated: September 18, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/125509
- AdvisorCensus page: https://advisorcensus.com/firm/broadwater-capital-management-llc-boston-ma-125509

## Quick answers

**How 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

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 25, 2026)

- 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

> 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

> 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 brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- National Financial Services LLC

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: $161,029,271
- Discretionary: $161,029,271
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 18 | $11,736,993 |
| High net worth individuals | 18 | $129,684,639 |
| Charitable organizations | Fewer than 5 | $16,078,448 |
| Corporations or other businesses not listed above | Fewer than 5 | $3,529,191 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2022 (4 years)
- Employees: 1 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: MA, NH
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2022 | $163,092,030 | 2 | July 15, 2022 |
| October 2023 | $144,368,592 | 1 | March 23, 2023 |
| October 2024 | $151,585,557 | 1 | March 20, 2024 |
| October 2025 | $153,576,644 | 1 | March 27, 2025 |
| October 2026 | $161,029,271 | 1 | September 18, 2026 |

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.

## Changes in the filing (last 12 months)

### October 2026
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Broadwater Capital Management LLC (CRD 125509): Form ADV filing data as of October 2026.