{
  "crd_number": 164201,
  "slug": "tidal-investments-llc-milwaukee-wi-164201",
  "primary_business_name": "TIDAL INVESTMENTS LLC",
  "legal_name": "TIDAL INVESTMENTS LLC",
  "dbas": [],
  "city": "Milwaukee",
  "state": "WI",
  "country": "United States",
  "cbsa_code": "33340",
  "metro": {
    "cbsa_code": "33340",
    "common_name": "Milwaukee",
    "msa_name": "Milwaukee-Waukesha, WI",
    "path": "/advisors/wi/milwaukee"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2012-07-20",
  "years_registered": 14,
  "period": "2026-10-01",
  "filing_date": "2026-03-27",
  "carried_forward": false,
  "raum_total": 45829212449.0,
  "raum_discretionary": 45829212449.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 207,
  "advisory_employees": 50,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 41786157.0,
      "count": 8
    },
    "individuals": {
      "raum": 3283021.0,
      "count": 8
    },
    "investment_companies": {
      "raum": 44740385205.0,
      "count": 296
    },
    "pension_profit_sharing": {
      "raum": 32091044.0,
      "count": 12
    },
    "other_investment_advisers": {
      "raum": 28942400.0,
      "count": 1
    },
    "high_net_worth_individuals": {
      "raum": 16625281.0,
      "count": 4
    },
    "pooled_investment_vehicles": {
      "raum": 958433447.0,
      "count": 10
    },
    "corporations_other_businesses": {
      "raum": 7665894.0,
      "count": 4
    }
  },
  "compensation_types": [
    "fixed",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "pension_consulting",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles",
    "selection_of_other_advisers"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "FL",
    "NH",
    "NV",
    "NY",
    "RI"
  ],
  "websites": [
    "https://battle-shares.com",
    "https://facebook.com/FIRE-ETFS",
    "https://instagram.com/BATTLESHARES",
    "https://instagram.com/FIRE-ETFS",
    "https://linkedin.com/COMPANY/BATTLE-SHARES",
    "https://linkedin.com/COMPANY/FIRE-ETFS",
    "https://linkedin.com/COMPANY/THE-ETF-INDUSTRY-THINK-TANK-INNOVATION-LAB",
    "https://linkedin.com/TIDALFG.COM",
    "https://tidalfinancialgroup.com",
    "https://x.com/BATTLESHARES",
    "https://x.com/ETFTHINKTANK.COM",
    "https://x.com/FIREETFS",
    "https://x.com/TIDALFG",
    "https://youtube.com/@BATTLESHARES",
    "https://youtube.com/@FIREETFS",
    "https://youtube.com/@tidalfinancialgroup"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/164201",
  "city_as_filed": "MILWAUKEE",
  "url": "https://advisorcensus.com/firm/tidal-investments-llc-milwaukee-wi-164201",
  "display_name": "Tidal Investments LLC",
  "summary": "Tidal Investments LLC is an SEC-registered investment advisory firm in Milwaukee, WI, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated March 27, 2026.",
  "citation": "AdvisorCensus. Tidal Investments LLC (CRD 164201): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Fixed fees (other than subscription fees)"
  ],
  "advisory_activity_labels": [
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Pension consulting services",
    "Selection of other advisers (including private fund managers)",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Tidal Investments LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Tidal Investments LLC reports these compensation arrangements: a percentage of assets under its management; fixed fees (other than subscription fees). The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Tidal Investments LLC located?",
      "a": "Tidal Investments LLC's principal office is in Milwaukee, WI, according to its Form ADV; the April 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Tidal Investments LLC registered with the SEC or a state?",
      "a": "Tidal Investments LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 164201."
    },
    {
      "q": "How much does Tidal Investments LLC manage?",
      "a": "Tidal Investments LLC reports $45,829,212,449 in regulatory assets under management in its Form ADV filing dated March 27, 2026 (100% discretionary)."
    },
    {
      "q": "How have Tidal Investments LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Tidal Investments LLC: Regulatory assets under management: $5,594,688,767 in the October 2021 data and $45,829,212,449 in the October 2026 data, up 719%. Total employees: 16 in October 2021 and 207 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Tidal Investments LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (296); pension and profit sharing plans (but not the plan participants or government pension plans) (12); pooled investment vehicles (other than investment companies and business development companies) (10)."
    },
    {
      "q": "Which custodians does Tidal Investments LLC use?",
      "a": "Tidal Investments LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Charles Schwab & Co., Inc., Fidelity Clearing & Custody Solutions and Matrix Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Tidal 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 SEC record: https://adviserinfo.sec.gov/firm/summary/164201"
    },
    {
      "q": "What changed in Tidal Investments LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $27,259,006,855 to $45,829,212,449 (+68%). Employees performing advisory functions went from 19 to 50. Added an office in New York, NY. No longer lists an office in Detroit, MI."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 5594688767.0,
      "total_employees": 16,
      "filing_date": "2021-07-07"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 8164115852.0,
      "total_employees": 27,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 5574754331.0,
      "total_employees": 41,
      "filing_date": "2023-07-27"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 11334422677.0,
      "total_employees": 52,
      "filing_date": "2024-03-31"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 27259006855.0,
      "total_employees": 94,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 45829212449.0,
      "total_employees": 207,
      "filing_date": "2026-03-27"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $27,259,006,855 to $45,829,212,449 (+68%).",
        "Employees performing advisory functions went from 19 to 50.",
        "Added an office in New York, NY.",
        "No longer lists an office in Detroit, MI."
      ]
    },
    {
      "period": "2026-02-01",
      "period_label": "February 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-01-01",
      "period_label": "January 2026",
      "notes": [
        "No longer registered or notice-filed in CA, CT, GA, IL, MA."
      ]
    },
    {
      "period": "2025-11-01",
      "period_label": "November 2025",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Charles Schwab & Co., Inc.",
      "name_as_filed": "CHARLES SCHWAB & CO., INC.",
      "affiliated": false
    },
    {
      "name": "Fidelity Clearing & Custody Solutions",
      "name_as_filed": "FIDELITY CLEARING & CUSTODY SOLUTIONS",
      "affiliated": false
    },
    {
      "name": "Matrix Trust Company",
      "name_as_filed": "MATRIX TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "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.",
  "markdown_url": "https://advisorcensus.com/firm/tidal-investments-llc-milwaukee-wi-164201.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 8,
      "fewer_than_5": false,
      "raum": 3283021.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 4,
      "fewer_than_5": false,
      "raum": 16625281.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 296,
      "fewer_than_5": false,
      "raum": 44740385205.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 10,
      "fewer_than_5": false,
      "raum": 958433447.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 12,
      "fewer_than_5": false,
      "raum": 32091044.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 8,
      "fewer_than_5": false,
      "raum": 41786157.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": 1,
      "fewer_than_5": false,
      "raum": 28942400.0
    },
    {
      "type": "corporations_other_businesses",
      "label": "Corporations or other businesses not listed above",
      "count": 4,
      "fewer_than_5": false,
      "raum": 7665894.0
    }
  ],
  "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/164201",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}