{
  "crd_number": 150892,
  "slug": "watermill-institutional-trading-llc-jersey-city-nj-150892",
  "primary_business_name": "WATERMILL INSTITUTIONAL TRADING LLC",
  "legal_name": "WATERMILL INSTITUTIONAL TRADING LLC",
  "dbas": [],
  "city": "Jersey City",
  "state": "NJ",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "state",
  "registration_status": "APPROVED",
  "registration_date": "2025-02-10",
  "years_registered": 1,
  "period": "2026-10-01",
  "filing_date": "2024-11-07",
  "carried_forward": false,
  "raum_total": null,
  "raum_discretionary": null,
  "raum_non_discretionary": null,
  "raum_band": "not_reported",
  "raum_band_label": "Not reported",
  "total_employees": 20,
  "advisory_employees": 1,
  "client_count_bucket": null,
  "clients_by_type": null,
  "compensation_types": [
    "other"
  ],
  "advisory_activities": [
    "other"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 3,
  "states_registered": [
    "NJ"
  ],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/150892",
  "disclosure_items": [
    {
      "item": "11.D(5)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever denied, suspended, or revoked the registration or license of the firm or an advisory affiliate, prevented either by order from associating with an investment-related business, or restricted either one's activity?"
    },
    {
      "item": "11.E(2)",
      "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?"
    },
    {
      "item": "11.E(4)",
      "question": "Has a self-regulatory organization or a commodities exchange ever disciplined the firm or an advisory affiliate by expelling or suspending it from membership, barring or suspending it from association with other members, or otherwise restricting its activities?"
    }
  ],
  "city_as_filed": "JERSEY CITY",
  "url": "https://advisorcensus.com/firm/watermill-institutional-trading-llc-jersey-city-nj-150892",
  "display_name": "Watermill Institutional Trading LLC",
  "summary": "Watermill Institutional Trading LLC is a state-registered investment advisory firm in Jersey City, NJ, registered since 2025, with no regulatory assets under management reported in its Form ADV filing dated November 7, 2024.",
  "citation": "AdvisorCensus. Watermill Institutional Trading LLC (CRD 150892): Form ADV filing data as of October 2026.",
  "registration_type_label": "State-registered investment adviser",
  "compensation_labels": [
    "Other"
  ],
  "advisory_activity_labels": [
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Watermill Institutional Trading LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Watermill Institutional Trading LLC reports these compensation arrangements: other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Watermill Institutional Trading LLC located?",
      "a": "Watermill Institutional Trading LLC's principal office is in Jersey City, NJ, according to its Form ADV."
    },
    {
      "q": "Is Watermill Institutional Trading LLC registered with the SEC or a state?",
      "a": "Watermill Institutional Trading LLC is a state-registered investment advisory firm, registered since 2025. Status as filed: APPROVED. CRD 150892."
    },
    {
      "q": "Does Watermill Institutional Trading LLC report any disciplinary disclosures?",
      "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.D(5) (another regulator's denial, suspension, or revocation of a registration or license, bar, or restriction), 11.E(2) (self-regulatory organization's finding of a rule violation), and 11.E(4) (self-regulatory organization's expulsion, suspension, bar, or restriction). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's public record on IAPD: https://adviserinfo.sec.gov/firm/summary/150892"
    }
  ],
  "filing_history": [],
  "recent_changes": [],
  "fees_from_brochure": null,
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/watermill-institutional-trading-llc-jersey-city-nj-150892.md",
  "clients": [],
  "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.",
  "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/150892",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}