# Gold Medal Waters, Inc.

> Gold Medal Waters, Inc. is an SEC-registered investment advisory firm in Boulder, CO, registered since 2018, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated January 23, 2026.

- CRD: 132294
- Filed as: GOLD MEDAL WATERS, INC.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Boulder, CO
- Filing period: October 2026
- Form ADV filing dated: January 23, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/132294
- AdvisorCensus page: https://advisorcensus.com/firm/gold-medal-waters-inc-boulder-co-132294

## Quick answers

**How is Gold Medal Waters, Inc. compensated?**
On its Form ADV (Item 5.E, October 2026), Gold Medal Waters, Inc. reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees).

**What does Gold Medal Waters, Inc.'s brochure say about its fees?**
Its Form ADV Part 2A brochure dated January 23, 2026 states: Asset-based fee: 0.1% to 0.7% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Gold Medal Waters, Inc. located?**
Gold Medal Waters, Inc.'s principal office is in Boulder, CO, according to its Form ADV.

**Is Gold Medal Waters, Inc. registered with the SEC or a state?**
Gold Medal Waters, Inc. is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 132294.

**How much does Gold Medal Waters, Inc. manage?**
Gold Medal Waters, Inc. reports $285,639,406 in regulatory assets under management in its Form ADV filing dated January 23, 2026 (98% discretionary).

**How have Gold Medal Waters, Inc.'s assets and staff changed since 2021?**
In the Form ADV data for Gold Medal Waters, Inc.: Regulatory assets under management: $143,578,997 in the October 2021 data and $285,639,406 in the October 2026 data, up 99%. Total employees: 7 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Gold Medal Waters, Inc. serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (89); individuals (other than high net worth individuals) (49); pension and profit sharing plans (but not the plan participants or government pension plans) (7).

**Which custodians does Gold Medal Waters, Inc. use?**
Gold Medal Waters, Inc.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Altruist Financial LLC as a custodian holding 10% or more of its separately managed account assets.

**Does Gold Medal Waters, Inc. 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/132294

**Does Gold Medal Waters, Inc. state an account minimum?**
Its Form ADV Part 2A brochure dated January 23, 2026 says: "GMW will not impose a minimum relationship size for its investment management clients."

**What changed in Gold Medal Waters, Inc.'s recent Form ADV filings?**
In the February 2026 filing data: Regulatory assets under management went from $248,139,175 to $285,639,406 (+15%).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Fixed fees (other than subscription fees)

### Fees and minimums (Form ADV Part 2A brochure dated January 23, 2026)

- Asset-based fee: 0.1% to 0.7% a year (a range, as the brochure states it)

> Fees for retirement plan advisory services are charged an annual asset-based fee ranging from 0.10% to 0.70% or charged a fixed fee ranging from $4,000 to $40,000, billed quarterly or annually

- Account minimum: None

> GMW will not impose a minimum relationship size for its investment management clients.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Custodians (Schedule D, Section 5.K(3))
- Altruist Financial 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: $285,639,406
- Discretionary: $279,424,924
- Non-discretionary: $6,214,482

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 49 | $14,921,293 |
| High net worth individuals | 89 | $263,894,365 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 7 | $6,214,482 |
| Corporations or other businesses not listed above | Fewer than 5 | $609,266 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Pension consulting services
- Selection of other advisers (including private fund managers)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CO, FL, IL, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- bsky.app/profile/goldmedalwaters.bsky.social
- goldmedalwaters.com
- Facebook @goldmedalwaters
- LinkedIn @gold-medal-waters
- X @goldmedalwaters

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $143,578,997 | 7 | March 25, 2021 |
| October 2022 | $168,488,480 | 8 | March 17, 2022 |
| October 2023 | $154,953,868 | 7 | March 28, 2023 |
| October 2024 | $193,623,148 | 7 | March 18, 2024 |
| October 2025 | $248,139,175 | 5 | April 24, 2025 |
| October 2026 | $285,639,406 | 5 | January 23, 2026 |

Regulatory assets under management: $143,578,997 in the October 2021 data and $285,639,406 in the October 2026 data, up 99%.
Total employees: 7 in October 2021 and 5 in October 2026.

## Changes in the filing (last 12 months)

### February 2026
- Regulatory assets under management went from $248,139,175 to $285,639,406 (+15%).

### January 2026
- No longer registered or notice-filed in NE, WI.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Gold Medal Waters, Inc. (CRD 132294): Form ADV filing data as of October 2026.