# Oars Capital

> Oars Capital is an SEC-registered investment advisory firm in Dillsburg, PA, registered since 2020, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 153198
- Filed as: OARS CAPITAL
- Legal name: Red Wave Investments LLC
- Also doing business as: RED WAVE INVESTMENTS
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Dillsburg, PA
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/153198
- AdvisorCensus page: https://advisorcensus.com/firm/oars-capital-dillsburg-pa-153198

## Quick answers

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

**Where is Oars Capital located?**
Oars Capital's principal office is in Dillsburg, PA, according to its Form ADV.

**Is Oars Capital registered with the SEC or a state?**
Oars Capital is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 153198.

**How much does Oars Capital manage?**
Oars Capital reports $397,735,451 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Oars Capital's assets and staff changed since 2021?**
In the Form ADV data for Oars Capital: Regulatory assets under management: $301,956,790 in the October 2021 data and $397,735,451 in the October 2026 data, up 32%. Total employees: 4 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Oars Capital serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (94); high net worth individuals (64).

**Does Oars Capital 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/153198

**Does Oars Capital state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Generally, Oars does not have a minimum account size to consider working with a new Client."

**What changed in Oars Capital's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $360,293,484 to $397,735,451 (+10%).

## 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 March 30, 2026)

- Account minimum: None

> Generally, Oars does not have a minimum account size to consider working with a new Client.

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

### Regulatory assets under management (Item 5.F)
- Total: $397,735,451
- Discretionary: $397,735,451
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 94 | $77,366,422 |
| High net worth individuals | 64 | $320,369,029 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses

### Firm details
- Registered since: 2020 (6 years)
- Employees: 3 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, DC, FL, MD, NY, PA, TX, VA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- oarscapital.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $301,956,790 | 4 | March 30, 2021 |
| October 2022 | $372,319,599 | 3 | March 23, 2022 |
| October 2023 | $293,395,978 | 3 | March 27, 2023 |
| October 2024 | $329,109,903 | 2 | March 28, 2024 |
| October 2025 | $360,293,484 | 3 | March 26, 2025 |
| October 2026 | $397,735,451 | 3 | March 30, 2026 |

Regulatory assets under management: $301,956,790 in the October 2021 data and $397,735,451 in the October 2026 data, up 32%.
Total employees: 4 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $360,293,484 to $397,735,451 (+10%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Oars Capital (CRD 153198): Form ADV filing data as of October 2026.