{
  "crd_number": 154095,
  "slug": "emerald-waves-investments-llc-cupertino-ca-154095",
  "primary_business_name": "EMERALD WAVES INVESTMENTS, LLC",
  "legal_name": "EMERALD WAVES INVESTMENTS, LLC",
  "dbas": [],
  "city": "Cupertino",
  "state": "CA",
  "country": "United States",
  "cbsa_code": "41940",
  "metro": {
    "cbsa_code": "41940",
    "common_name": "San Jose",
    "msa_name": "San Jose-Sunnyvale-Santa Clara, CA",
    "path": "/advisors/ca/san-jose"
  },
  "registration_type": "state",
  "registration_status": "APPROVED",
  "registration_date": "2010-07-20",
  "years_registered": 16,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 4156310.0,
  "raum_discretionary": 4156310.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "under_25m",
  "raum_band_label": "Under $25 million",
  "total_employees": 1,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": {
    "individuals": {
      "raum": 1425805.0,
      "count": 7
    },
    "high_net_worth_individuals": {
      "raum": 2730505.0,
      "count": 9
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "financial_planning",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "CA"
  ],
  "websites": [
    "https://emeraldwavesinvestments.com",
    "https://linkedin.com/in/raymond-chung-cfa-155ab6",
    "https://seekingalpha.com/author/raymond-chung-cfa"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/154095",
  "city_as_filed": "CUPERTINO",
  "url": "https://advisorcensus.com/firm/emerald-waves-investments-llc-cupertino-ca-154095",
  "display_name": "Emerald Waves Investments, LLC",
  "summary": "Emerald Waves Investments, LLC is a state-registered investment advisory firm in Cupertino, CA, registered since 2010, reporting under $25 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Emerald Waves Investments, LLC (CRD 154095): Form ADV filing data as of October 2026.",
  "registration_type_label": "State-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Emerald Waves Investments, LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Emerald Waves Investments, LLC reports these compensation arrangements: a percentage of assets under its management; other."
    },
    {
      "q": "Where is Emerald Waves Investments, LLC located?",
      "a": "Emerald Waves Investments, LLC's principal office is in Cupertino, CA, according to its Form ADV."
    },
    {
      "q": "Is Emerald Waves Investments, LLC registered with the SEC or a state?",
      "a": "Emerald Waves Investments, LLC is a state-registered investment advisory firm, registered since 2010. Status as filed: APPROVED. CRD 154095."
    },
    {
      "q": "How much does Emerald Waves Investments, LLC manage?",
      "a": "Emerald Waves Investments, LLC reports $4,156,310 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary)."
    },
    {
      "q": "What types of clients does Emerald Waves Investments, LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (9); individuals (other than high net worth individuals) (7)."
    },
    {
      "q": "Does Emerald Waves Investments, 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/154095"
    }
  ],
  "filing_history": [],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/emerald-waves-investments-llc-cupertino-ca-154095.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 7,
      "fewer_than_5": false,
      "raum": 1425805.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 9,
      "fewer_than_5": false,
      "raum": 2730505.0
    }
  ],
  "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/154095",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}