# Opal Advisors

> Opal Advisors is an SEC-registered investment advisory firm in Bellevue, WA, registered since 2025, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 27, 2026.

- CRD: 164014
- Filed as: OPAL ADVISORS
- Legal name: Opal Advisors, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Bellevue, WA
- Filing period: October 2026
- Form ADV filing dated: March 27, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/164014
- AdvisorCensus page: https://advisorcensus.com/firm/opal-advisors-bellevue-wa-164014

## Quick answers

**How is Opal Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Opal Advisors reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Opal Advisors located?**
Opal Advisors' principal office is in Bellevue, WA, according to its Form ADV.

**Is Opal Advisors registered with the SEC or a state?**
Opal Advisors is an SEC-registered investment advisory firm, registered since 2025. Status as filed: Approved. CRD 164014.

**How much does Opal Advisors manage?**
Opal Advisors reports $174,028,405 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (95% discretionary).

**How have Opal Advisors' assets and staff changed since 2025?**
In the Form ADV data for Opal Advisors: Regulatory assets under management: $121,504,152 in the October 2025 data and $174,028,405 in the October 2026 data, up 43%. Total employees: 4 in October 2025 and 6 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Opal Advisors serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (124); high net worth individuals (60); pooled investment vehicles (other than investment companies and business development companies) (1).

**Which custodians does Opal Advisors use?**
Opal Advisors' most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc. as a custodian holding 10% or more of its separately managed account assets.

**Does Opal Advisors 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/164014

**What changed in Opal Advisors' recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 3 to 5. Regulatory assets under management went from $121,504,152 to $174,028,405 (+43%).

## From the Form ADV filing

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

### Custodians (Schedule D, Section 5.K(3))
- Charles Schwab & Co., Inc.

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: $174,028,405
- Discretionary: $165,747,344
- Non-discretionary: $8,281,061

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 124 | $35,633,842 |
| High net worth individuals | 60 | $127,459,099 |
| Pooled investment vehicles (other than investment companies and business development companies) | 1 | $2,654,403 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | Fewer than 5 | $8,281,061 |

### Advisory services (Item 5.G)
- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Selection of other advisers (including private fund managers)
- Publication of periodicals or newsletters

### Firm details
- Registered since: 2025 (1 year)
- Employees: 6 total, 5 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, ID, OR, TX, WA
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

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

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2025 | $121,504,152 | 4 | May 21, 2025 |
| October 2026 | $174,028,405 | 6 | March 27, 2026 |

Regulatory assets under management: $121,504,152 in the October 2025 data and $174,028,405 in the October 2026 data, up 43%.
Total employees: 4 in October 2025 and 6 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 3 to 5.
- Regulatory assets under management went from $121,504,152 to $174,028,405 (+43%).

### February 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. Opal Advisors (CRD 164014): Form ADV filing data as of October 2026.