{ "crd_number": 105307, "slug": "clearwater-management-co-inc-st-paul-mn-105307", "primary_business_name": "CLEARWATER MANAGEMENT CO., INC.", "legal_name": "CLEARWATER MANAGEMENT CO., INC.", "dbas": [], "city": "St Paul", "state": "MN", "country": "United States", "cbsa_code": "33460", "metro": { "cbsa_code": "33460", "common_name": "Minneapolis", "msa_name": "Minneapolis-St. Paul-Bloomington, MN-WI", "path": "/advisors/mn/minneapolis" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1987-04-27", "years_registered": 39, "period": "2026-10-01", "filing_date": "2026-03-17", "carried_forward": false, "raum_total": 4681919861.0, "raum_discretionary": 4681919861.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 1, "advisory_employees": 1, "client_count_bucket": null, "clients_by_type": { "investment_companies": { "raum": 3900605254.0, "count": 4 }, "pooled_investment_vehicles": { "raum": 781314607.0, "count": 9 } }, "compensation_types": [ "other", "percentage_of_aum" ], "advisory_activities": [ "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles", "selection_of_other_advisers" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "MN", "WA" ], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/105307", "city_as_filed": "ST PAUL", "url": "https://advisorcensus.com/firm/clearwater-management-co-inc-st-paul-mn-105307", "display_name": "Clearwater Management Co., Inc.", "summary": "Clearwater Management Co., Inc. is an SEC-registered investment advisory firm in St Paul, MN, registered since 1987, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 17, 2026.", "citation": "AdvisorCensus. Clearwater Management Co., Inc. (CRD 105307): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Other" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Selection of other advisers (including private fund managers)" ], "quick_answers": [ { "q": "How is Clearwater Management Co., Inc. compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Clearwater Management Co., Inc. reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Clearwater Management Co., Inc. located?", "a": "Clearwater Management Co., Inc.'s principal office is in St Paul, MN, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Clearwater Management Co., Inc. registered with the SEC or a state?", "a": "Clearwater Management Co., Inc. is an SEC-registered investment advisory firm, registered since 1987. Status as filed: Approved. CRD 105307." }, { "q": "How much does Clearwater Management Co., Inc. manage?", "a": "Clearwater Management Co., Inc. reports $4,681,919,861 in regulatory assets under management in its Form ADV filing dated March 17, 2026 (100% discretionary)." }, { "q": "How have Clearwater Management Co., Inc.'s assets and staff changed since 2021?", "a": "In the Form ADV data for Clearwater Management Co., Inc.: Regulatory assets under management: $3,077,409,131 in the October 2021 data and $4,681,919,861 in the October 2026 data, up 52%. Total employees: 1 in October 2021 and 1 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Clearwater Management Co., Inc. serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (9); investment companies (4)." }, { "q": "Does Clearwater Management Co., Inc. report any disciplinary disclosures?", "a": "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/105307" }, { "q": "What changed in Clearwater Management Co., Inc.'s recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $4,119,965,494 to $4,681,919,861 (+14%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 3077409131.0, "total_employees": 1, "filing_date": "2021-07-01" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3916168533.0, "total_employees": 1, "filing_date": "2022-06-29" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3188836603.0, "total_employees": 1, "filing_date": "2023-03-23" }, { "period": "2024-10-01", "regulatory_assets_under_management": 3797803633.0, "total_employees": 1, "filing_date": "2024-06-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 4119965494.0, "total_employees": 1, "filing_date": "2025-06-24" }, { "period": "2026-10-01", "regulatory_assets_under_management": 4681919861.0, "total_employees": 1, "filing_date": "2026-03-17" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $4,119,965,494 to $4,681,919,861 (+14%)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/clearwater-management-co-inc-st-paul-mn-105307.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 4, "fewer_than_5": false, "raum": 3900605254.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 9, "fewer_than_5": false, "raum": 781314607.0 } ], "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/105307", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }