# Waterstone Financial Advisory LLC

> Waterstone Financial Advisory LLC is an SEC-registered investment advisory firm in Fort Myers, FL, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated July 7, 2026.

- CRD: 325012
- Filed as: WATERSTONE FINANCIAL ADVISORY LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Fort Myers, FL
- Filing period: October 2026
- Form ADV filing dated: July 7, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/325012
- AdvisorCensus page: https://advisorcensus.com/firm/waterstone-financial-advisory-llc-fort-myers-fl-325012

## Quick answers

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

**How much does Waterstone Financial Advisory LLC charge?**
Its Form ADV Part 2A brochure dated February 18, 2026 states: Flat fee: $300 to $3,000 a year (creation and ongoing monitoring of the client financial plan). Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Waterstone Financial Advisory LLC located?**
Waterstone Financial Advisory LLC's principal office is in Fort Myers, FL, according to its Form ADV.

**Is Waterstone Financial Advisory LLC registered with the SEC or a state?**
Waterstone Financial Advisory LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 325012.

**How much does Waterstone Financial Advisory LLC manage?**
Waterstone Financial Advisory LLC reports $262,476,520 in regulatory assets under management in its Form ADV filing dated July 7, 2026 (99% discretionary).

**How have Waterstone Financial Advisory LLC's assets and staff changed since 2023?**
In the Form ADV data for Waterstone Financial Advisory LLC: Regulatory assets under management: $170,000,000 in the October 2023 data and $262,476,520 in the October 2026 data, up 54%. Total employees: 6 in October 2023 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Waterstone Financial Advisory LLC serve?**
By number of clients on Form ADV Item 5.D: individuals (other than high net worth individuals) (218); high net worth individuals (67); corporations or other businesses not listed above (5).

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

**Does Waterstone Financial Advisory LLC 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/325012

**Does Waterstone Financial Advisory LLC state an account minimum?**
Its Form ADV Part 2A brochure dated February 18, 2026 says: "There is no account minimum for any of WFA’s services."

**What changed in Waterstone Financial Advisory LLC's recent Form ADV filings?**
In the August 2026 filing data: Registered or notice-filed in NY.

## 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 February 18, 2026)

- Account minimum: None

> There is no account minimum for any of WFA’s services.

- Flat fee: $300 to $3,000 a year (creation and ongoing monitoring of the client financial plan)

> The negotiated fixed rate for the creation and ongoing monitoring of the client financial plan is between $300 and $3,000 per year.

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

### Custodians (Schedule D, Section 5.K(3))
- Fidelity Investments

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: $262,476,520
- Discretionary: $260,077,778
- Non-discretionary: $2,398,742

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 218 | $73,532,837 |
| High net worth individuals | 67 | $177,365,776 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 1 | $2,398,742 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 5 | $9,179,165 |
| Other | 0 | $0 |

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

### Firm details
- Registered since: 2023 (3 years)
- Employees: 5 total, 3 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, FL, IL, MI, NH, NY, OH, PA, TN, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Websites listed on Form ADV (Item 1.I)
- [waterstonefs.com](https://waterstonefs.com)
- Facebook @WaterstoneFinancial
- LinkedIn @waterstonefs
- LinkedIn @retirementengineer

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2023 | $170,000,000 | 6 | August 11, 2023 |
| October 2024 | $181,381,208 | 6 | June 17, 2024 |
| October 2025 | $225,643,976 | 5 | July 15, 2025 |
| October 2026 | $262,476,520 | 5 | July 7, 2026 |

Regulatory assets under management: $170,000,000 in the October 2023 data and $262,476,520 in the October 2026 data, up 54%.
Total employees: 6 in October 2023 and 5 in October 2026.

## Changes in the filing (last 12 months)

### August 2026
- Registered or notice-filed in NY.

### February 2026
- Regulatory assets under management went from $225,643,976 to $262,476,520 (+16%).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Waterstone Financial Advisory LLC (CRD 325012): Form ADV filing data as of October 2026.